Analysts predict that Essential Properties Realty Trust Inc (NYSE:EPRT) will report $29.27 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Essential Properties Realty Trust’s earnings, with estimates ranging from $28.20 million to $30.40 million. The business is scheduled to issue its next earnings results on Wednesday, May 22nd.
On average, analysts expect that Essential Properties Realty Trust will report full year sales of $129.44 million for the current year, with estimates ranging from $113.38 million to $137.30 million. For the next fiscal year, analysts expect that the firm will report sales of $149.71 million, with estimates ranging from $115.44 million to $175.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Essential Properties Realty Trust.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Barclays reiterated a “hold” rating and set a $18.00 target price on shares of Essential Properties Realty Trust in a research report on Tuesday. Boenning Scattergood reissued a “buy” rating on shares of Essential Properties Realty Trust in a report on Wednesday, March 20th. Stifel Nicolaus began coverage on shares of Essential Properties Realty Trust in a report on Monday, April 1st. They set a “buy” rating and a $21.50 price objective on the stock. Finally, Credit Suisse Group raised their target price on shares of Essential Properties Realty Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.77.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Friday, March 29th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Thursday, March 28th.
Several hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Essential Properties Realty Trust during the 4th quarter worth about $37,000. Legal & General Group Plc increased its position in Essential Properties Realty Trust by 35.0% in the 3rd quarter. Legal & General Group Plc now owns 5,399 shares of the company’s stock valued at $77,000 after buying an additional 1,399 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in Essential Properties Realty Trust in the 4th quarter valued at about $82,000. PNC Financial Services Group Inc. increased its position in Essential Properties Realty Trust by 49,292.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,421 shares of the company’s stock valued at $89,000 after buying an additional 6,408 shares in the last quarter. Finally, Great West Life Assurance Co. Can bought a new stake in Essential Properties Realty Trust during the 4th quarter worth approximately $106,000. 98.32% of the stock is currently owned by hedge funds and other institutional investors.
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 services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Essential Properties Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essential Properties Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.