Essential Properties Realty Trust Inc (NYSE:EPRT) – Equities researchers at SunTrust Banks dropped their Q4 2019 earnings estimates for Essential Properties Realty Trust in a research report issued to clients and investors on Monday, June 10th. SunTrust Banks analyst K. Kim now forecasts that the company will post earnings of $0.30 per share for the quarter, down from their previous estimate of $0.32. 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 FY2020 earnings at $1.26 EPS, FY2021 earnings at $1.37 EPS, FY2022 earnings at $1.50 EPS and FY2023 earnings at $1.66 EPS.
Several other equities research analysts have also recently commented on the stock. Bank of America upgraded shares of Essential Properties Realty Trust from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $23.00 in a research report on Tuesday. Zacks Investment Research upgraded Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, May 21st. Boenning Scattergood set a $21.00 target price on Essential Properties Realty Trust and gave the company a “buy” rating in a research note on Friday, May 10th. Berenberg Bank started coverage on Essential Properties Realty Trust in a research note on Tuesday, April 23rd. They set a “buy” rating on the stock. Finally, Barclays reissued a “hold” rating and issued a $18.00 price target on shares of Essential Properties Realty Trust in a research note on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $19.22.
Shares of EPRT opened at $21.31 on Thursday. Essential Properties Realty Trust has a 1 year low of $13.05 and a 1 year high of $21.68. The company has a debt-to-equity ratio of 0.49, a quick ratio of 12.94 and a current ratio of 12.94.
Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $31.11 million during the quarter, compared to analyst estimates of $29.27 million.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.13%. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.21.
Several large investors have recently bought and sold shares of EPRT. Security Benefit Life Insurance Co. KS bought a new position in shares of Essential Properties Realty Trust during the fourth quarter worth about $107,675,000. Brown Advisory Inc. acquired a new stake in Essential Properties Realty Trust during the 4th quarter worth approximately $30,751,000. Frontier Capital Management Co. LLC lifted its holdings in Essential Properties Realty Trust by 95.3% during the 1st quarter. Frontier Capital Management Co. LLC now owns 2,618,836 shares of the company’s stock worth $51,120,000 after purchasing an additional 1,277,600 shares during the last quarter. BlackRock Inc. raised its holdings in Essential Properties Realty Trust by 39.2% in the 4th quarter. BlackRock Inc. now owns 2,991,567 shares of the company’s stock valued at $41,403,000 after acquiring an additional 842,822 shares in the last quarter. Finally, FMR LLC acquired a new position in Essential Properties Realty Trust in the 1st quarter valued at $15,261,000. Institutional investors and hedge funds own 76.03% of the company’s stock.
About Essential Properties Realty Trust
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.
Featured Article: Dollar Cost Averaging
Receive News & Ratings for Essential Properties Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essential Properties Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.