Essential Properties Realty Trust (NYSE:EPRT) Issues FY 2027 Earnings Guidance

Essential Properties Realty Trust (NYSE:EPRT) issued an update on its FY 2027 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.100-2.180 for the period, compared to the consensus estimate of 2.090.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock traded up $0.45 during midday trading on Friday, hitting $26.71. The company had a trading volume of 499,589 shares, compared to its average volume of 2,063,269. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 2.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17. The company’s 50 day simple moving average is $27.90 and its 200 day simple moving average is $30.04. Essential Properties Realty Trust has a 52-week low of $24.62 and a 52-week high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings results on Wednesday, October 21st. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.06). Essential Properties Realty Trust had a return on equity of 6.03% and a net margin of 41.03%. The company had revenue of $168.67 million for the quarter, compared to analysts’ expectations of $158.17 million. During the same quarter last year, the company earned $0.48 EPS. Essential Properties Realty Trust’s revenue for the quarter was up 15.5% compared to the same quarter last year. Research analysts anticipate that Essential Properties Realty Trust will post 1.96 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Essential Properties Realty Trust’s payout ratio is currently 99.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EPRT shares. Weiss Ratings downgraded shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 2nd. Wells Fargo & Company lowered their target price on shares of Essential Properties Realty Trust from $36.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft lowered shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating and dropped their price target for the stock from $38.00 to $28.00 in a research note on Tuesday. Cantor Fitzgerald increased their price target on shares of Essential Properties Realty Trust from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Truist Financial assumed coverage on shares of Essential Properties Realty Trust in a research report on Thursday, October 1st. They issued a “buy” rating and a $31.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.23.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc (NYSE:EPRT) is an internally managed real estate investment trust that acquires, owns and manages single-tenant commercial properties. The company primarily leases these properties to middle-market businesses under long-term, net lease agreements, which generally require tenants to pay a substantial portion of the property’s operating expenses, including taxes, insurance and maintenance.

EPRT’s portfolio is diversified across businesses such as automotive services, medical services, restaurants, retail, early childhood education and other service-oriented industries.