Essential Properties Realty Trust (EPRT) Expected to Announce Earnings on Wednesday

Essential Properties Realty Trust (NYSE:EPRT) is projected to release its earnings data after the market closes on Wednesday, February 12th. Analysts expect Essential Properties Realty Trust to post earnings of $0.31 per share and revenue of $121.22 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Essential Properties Realty Trust Price Performance

Shares of NYSE:EPRT opened at $31.26 on Tuesday. The company has a 50 day moving average of $31.81 and a 200 day moving average of $32.11. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. The stock has a market cap of $5.48 billion, a P/E ratio of 27.18, a P/E/G ratio of 2.91 and a beta of 1.40. Essential Properties Realty Trust has a 12 month low of $23.58 and a 12 month high of $34.88.

Essential Properties Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.295 per share. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend was Tuesday, December 31st. Essential Properties Realty Trust’s payout ratio is 102.61%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Scotiabank increased their target price on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. UBS Group upped their price objective on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They issued a “buy” rating and a $38.00 price objective on the stock. Mizuho lifted their price target on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, Barclays decreased their price target on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.85.

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 and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.