SunTrust Banks Equities Analysts Reduce Earnings Estimates for Essential Properties Realty Trust Inc (NYSE:EPRT)

Essential Properties Realty Trust Inc (NYSE:EPRT) – Equities researchers at SunTrust Banks lowered their Q2 2019 EPS estimates for shares of Essential Properties Realty Trust in a report issued on Monday, June 10th. SunTrust Banks analyst K. Kim now expects that the company will earn $0.27 per share for the quarter, down from their prior estimate of $0.28. SunTrust Banks has a “Buy” rating and a $20.00 price objective on the stock. SunTrust Banks also issued estimates for Essential Properties Realty Trust’s Q3 2019 earnings at $0.29 EPS and FY2019 earnings at $1.13 EPS.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.14). Essential Properties Realty Trust had a return on equity of 2.40% and a net margin of 19.25%. The company had revenue of $31.11 million for the quarter, compared to analyst estimates of $29.27 million.

EPRT has been the topic of a number of other reports. Zacks Investment Research raised shares of Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, May 21st. Barclays reissued a “hold” rating and issued a $18.00 price objective on shares of Essential Properties Realty Trust in a research note on Tuesday, April 16th. Boenning Scattergood reissued a “buy” rating on shares of Essential Properties Realty Trust in a research note on Wednesday, March 20th. Stifel Nicolaus assumed coverage on shares of Essential Properties Realty Trust in a research note on Monday, April 1st. They issued a “buy” rating and a $21.50 price objective on the stock. Finally, Bank of America raised shares of Essential Properties Realty Trust from an “underperform” rating to a “buy” rating and increased their price objective for the company from $20.00 to $23.00 in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $19.22.

NYSE:EPRT opened at $20.93 on Wednesday. The company has a quick ratio of 12.94, a current ratio of 12.94 and a debt-to-equity ratio of 0.49. Essential Properties Realty Trust has a fifty-two week low of $13.05 and a fifty-two week high of $21.68.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.20%. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, June 27th.

Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Essential Properties Realty Trust in the 4th quarter valued at $37,000. Penserra Capital Management LLC bought a new stake in Essential Properties Realty Trust during the 1st quarter worth $37,000. Nisa Investment Advisors LLC acquired a new position in Essential Properties Realty Trust during the 1st quarter worth about $40,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Essential Properties Realty Trust during the 4th quarter worth about $82,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Essential Properties Realty Trust by 49,292.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,421 shares of the company’s stock worth $89,000 after buying an additional 6,408 shares during the period. Institutional investors own 76.03% of the company’s stock.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc, a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.

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Earnings History and Estimates for Essential Properties Realty Trust (NYSE:EPRT)

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