Essential Properties Realty Trust (NYSE:EPRT) Releases FY25 Earnings Guidance

Essential Properties Realty Trust (NYSE:EPRT) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.84-$1.89 for the period, compared to the consensus estimate of $2.02. Essential Properties Realty Trust also updated its FY 2024 guidance to 1.840-1.890 EPS.

Essential Properties Realty Trust Trading Down 0.6 %

Essential Properties Realty Trust stock traded down $0.21 during trading on Friday, hitting $33.15. The company had a trading volume of 442,115 shares, compared to its average volume of 1,340,265. Essential Properties Realty Trust has a 1-year low of $20.61 and a 1-year high of $34.51. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.59. The company’s 50 day simple moving average is $32.71 and its 200-day simple moving average is $29.45. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 2.78 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.16). Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The company had revenue of $117.13 million during the quarter, compared to analyst estimates of $109.73 million. During the same quarter last year, the business posted $0.42 EPS. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. As a group, analysts expect that Essential Properties Realty Trust will post 1.68 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a $0.29 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.16 annualized dividend and a yield of 3.50%. Essential Properties Realty Trust’s dividend payout ratio is presently 94.31%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EPRT. Truist Financial lifted their price target on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Wells Fargo & Company restated an “overweight” rating and issued a $37.00 price target (up from $34.00) on shares of Essential Properties Realty Trust in a research note on Tuesday, October 1st. The Goldman Sachs Group assumed coverage on Essential Properties Realty Trust in a report on Friday, June 28th. They issued a “buy” rating and a $33.00 price objective on the stock. Stifel Nicolaus lifted their price target on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, UBS Group boosted their target price on Essential Properties Realty Trust from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Essential Properties Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $33.06.

Insiders Place Their Bets

In related news, CEO Peter M. Mavoides sold 27,817 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the sale, the chief executive officer now owns 446,076 shares in the company, valued at $14,421,637.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is currently owned by insiders.

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.