Essential Properties Realty Trust (NYSE:EPRT) Issues FY 2021 Earnings Guidance

Essential Properties Realty Trust (NYSE:EPRT) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.240-1.280 for the period. The company issued revenue guidance of -.

Several brokerages have recently issued reports on EPRT. Bank of America raised Essential Properties Realty Trust from an underperform rating to a buy rating in a research report on Wednesday, April 7th. Truist lifted their target price on Essential Properties Realty Trust from $23.00 to $26.00 in a research report on Tuesday, March 16th. Credit Suisse Group lifted their target price on Essential Properties Realty Trust from $27.00 to $30.00 and gave the stock an outperform rating in a research report on Friday. Raymond James lifted their target price on Essential Properties Realty Trust from $24.00 to $25.00 and gave the stock an outperform rating in a research report on Wednesday, March 10th. Finally, Truist Securities raised their price target on shares of Essential Properties Realty Trust from $23.00 to $26.00 in a research note on Tuesday, March 16th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $23.44.

EPRT stock traded down $0.05 during trading on Friday, hitting $28.44. The company had a trading volume of 21,120 shares, compared to its average volume of 936,649. The company has a debt-to-equity ratio of 0.56, a quick ratio of 5.23 and a current ratio of 5.23. The company has a 50-day simple moving average of $25.48. Essential Properties Realty Trust has a 12 month low of $13.65 and a 12 month high of $28.69. The company has a market cap of $3.34 billion, a PE ratio of 66.26 and a beta of 1.34.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Sunday, May 2nd. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.15). Essential Properties Realty Trust had a return on equity of 2.83% and a net margin of 25.49%. Equities research analysts predict that Essential Properties Realty Trust will post 1.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Tuesday, June 29th. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.24. Essential Properties Realty Trust’s payout ratio is currently 218.18%.

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, 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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