Essential Properties Realty Trust (EPRT) to Release Quarterly Earnings on Wednesday

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Essential Properties Realty Trust (NYSE:EPRT) is set to announce its Q2 2019 earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.14). The business had revenue of $31.11 million during the quarter, compared to the consensus estimate of $29.27 million. Essential Properties Realty Trust had a return on equity of 2.40% and a net margin of 19.25%. On average, analysts expect Essential Properties Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of EPRT stock opened at $20.41 on Tuesday. The stock has a fifty day simple moving average of $20.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 12.94 and a current ratio of 12.94. Essential Properties Realty Trust has a 12 month low of $13.05 and a 12 month high of $21.83.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date was Thursday, June 27th. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.21.

A number of analysts have recently commented on EPRT shares. Bank of America raised shares of Essential Properties Realty Trust from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $23.00 in a research report on Tuesday, June 11th. Barclays reissued a “hold” rating and issued a $18.00 price objective on shares of Essential Properties Realty Trust in a research report on Tuesday, April 16th. Boenning Scattergood set a $21.00 price objective on shares of Essential Properties Realty Trust and gave the stock a “buy” rating in a research report on Friday, May 10th. ValuEngine lowered shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada started coverage on shares of Essential Properties Realty Trust in a research report on Friday, July 12th. They set a “sector perform” rating and a $21.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Essential Properties Realty Trust currently has a consensus rating of “Buy” and a consensus target price of $20.24.

In other news, VP Gregg A. Seibert sold 24,352 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $19.82, for a total value of $482,656.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Peter M. Mavoides sold 43,891 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $19.82, for a total transaction of $869,919.62. The disclosure for this sale can be found here. Insiders have sold 26,356,559 shares of company stock worth $515,289,154 over the last ninety days. Insiders own 2.10% of the company’s stock.

Essential Properties Realty Trust Company Profile

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.

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