Essential Properties Realty Trust (EPRT) Scheduled to Post Quarterly Earnings on Wednesday

Essential Properties Realty Trust (NYSE:EPRT) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Essential Properties Realty Trust to post earnings of $0.40 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Essential Properties Realty Trust Price Performance

EPRT opened at $24.76 on Wednesday. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.56. Essential Properties Realty Trust has a 12-month low of $20.49 and a 12-month high of $26.77. The stock has a fifty day simple moving average of $25.13 and a two-hundred day simple moving average of $24.29.

Essential Properties Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.14 annualized dividend and a yield of 4.60%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 91.94%.

Insider Buying and Selling at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 17,618 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $24.90, for a total transaction of $438,688.20. Following the transaction, the chief executive officer now directly owns 353,303 shares in the company, valued at approximately $8,797,244.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Peter M. Mavoides sold 17,618 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $24.90, for a total value of $438,688.20. Following the completion of the transaction, the chief executive officer now owns 353,303 shares in the company, valued at approximately $8,797,244.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter M. Mavoides sold 5,714 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $25.08, for a total value of $143,307.12. Following the completion of the transaction, the chief executive officer now owns 565,892 shares of the company’s stock, valued at $14,192,571.36. The disclosure for this sale can be found here. Insiders sold a total of 44,524 shares of company stock worth $1,113,438 over the last three months. Corporate insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Essential Properties Realty Trust by 8.6% in the third quarter. Vanguard Group Inc. now owns 23,275,419 shares of the company’s stock valued at $452,707,000 after purchasing an additional 1,845,507 shares during the period. Wellington Management Group LLP grew its stake in Essential Properties Realty Trust by 0.8% during the 1st quarter. Wellington Management Group LLP now owns 11,118,105 shares of the company’s stock worth $281,288,000 after buying an additional 92,469 shares during the last quarter. State Street Corp grew its holdings in shares of Essential Properties Realty Trust by 3.8% during the second quarter. State Street Corp now owns 9,514,224 shares of the company’s stock worth $226,581,000 after buying an additional 347,171 shares during the last quarter. Morgan Stanley increased its stake in Essential Properties Realty Trust by 11.9% in the 3rd quarter. Morgan Stanley now owns 5,856,247 shares of the company’s stock valued at $126,671,000 after buying an additional 624,439 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Essential Properties Realty Trust by 1.2% during the 1st quarter. Invesco Ltd. now owns 4,807,870 shares of the company’s stock worth $121,638,000 after buying an additional 59,194 shares in the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EPRT has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Essential Properties Realty Trust from $27.00 to $27.50 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Mizuho cut their target price on Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. BMO Capital Markets assumed coverage on Essential Properties Realty Trust in a report on Tuesday, February 13th. They set an “outperform” rating and a $29.00 price objective for the company. B. Riley reiterated a “buy” rating and issued a $29.00 target price (up previously from $27.50) on shares of Essential Properties Realty Trust in a research note on Wednesday, March 13th. Finally, Citigroup upgraded Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $28.50 in a research report on Friday, March 22nd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $28.22.

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 and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.