Essential Properties Realty Trust, Inc. (EPRT) to Issue Quarterly Dividend of $0.32 on July 14th

Essential Properties Realty Trust, Inc. (NYSE:EPRT) announced a quarterly dividend on Monday, June 1st. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.32 per share on Tuesday, July 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 3.2% increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.31.

Essential Properties Realty Trust has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Essential Properties Realty Trust has a dividend payout ratio of 92.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Essential Properties Realty Trust to earn $2.10 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 59.0%.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock opened at $30.18 on Wednesday. Essential Properties Realty Trust has a 12 month low of $28.95 and a 12 month high of $34.73. The company has a quick ratio of 5.12, a current ratio of 5.12 and a debt-to-equity ratio of 0.59. The stock has a market cap of $6.53 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 2.37 and a beta of 0.88. The business has a fifty day simple moving average of $31.40 and a 200-day simple moving average of $31.36.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.05). Essential Properties Realty Trust had a net margin of 43.46% and a return on equity of 6.30%. The business had revenue of $158.80 million for the quarter, compared to analyst estimates of $151.87 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. On average, sell-side analysts anticipate that Essential Properties Realty Trust will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EPRT shares. Mizuho reduced their price target on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Truist Financial upped their price objective on shares of Essential Properties Realty Trust from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Wells Fargo & Company increased their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Monday. Stifel Nicolaus lifted their target price on shares of Essential Properties Realty Trust from $36.00 to $36.50 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Wall Street Zen cut shares of Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $36.50.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.