Capital One Financial Predicts EPRT FY2024 Earnings

Essential Properties Realty Trust, Inc. (NYSE:EPRT) – Equities research analysts at Capital One Financial issued their FY2024 earnings per share estimates for Essential Properties Realty Trust in a research report issued on Wednesday, February 12th. Capital One Financial analyst D. Guglielmo anticipates that the company will earn $1.69 per share for the year. Capital One Financial currently has a “Overweight” rating and a $35.00 target price on the stock. The consensus estimate for Essential Properties Realty Trust’s current full-year earnings is $1.68 per share. Capital One Financial also issued estimates for Essential Properties Realty Trust’s Q4 2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.49 EPS and FY2025 earnings at $1.86 EPS.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%.

EPRT has been the subject of a number of other research reports. Wells Fargo & Company reduced their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Mizuho upped their price objective on Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Scotiabank upped their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Monday, November 25th. UBS Group upped their price target on Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They issued a “buy” rating and a $38.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $34.25.

Essential Properties Realty Trust Stock Up 0.5 %

Essential Properties Realty Trust stock opened at $31.26 on Friday. The stock has a market cap of $5.48 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 2.91 and a beta of 1.40. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.59 and a current ratio of 5.59. Essential Properties Realty Trust has a one year low of $23.58 and a one year high of $34.88. The stock has a fifty day moving average of $31.66 and a 200 day moving average of $32.11.

Essential Properties Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, December 31st. 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 yield of 3.77%. Essential Properties Realty Trust’s dividend payout ratio is presently 102.61%.

Institutional Investors Weigh In On Essential Properties Realty Trust

Several institutional investors have recently modified their holdings of the stock. Selective Wealth Management Inc. raised its holdings in shares of Essential Properties Realty Trust by 1.9% in the fourth quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company’s stock worth $673,000 after buying an additional 395 shares during the period. Blue Trust Inc. raised its holdings in shares of Essential Properties Realty Trust by 95.2% in the third quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $28,000 after buying an additional 399 shares during the period. Arizona State Retirement System raised its holdings in shares of Essential Properties Realty Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 50,884 shares of the company’s stock worth $1,592,000 after buying an additional 399 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Essential Properties Realty Trust by 74.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock worth $34,000 after buying an additional 468 shares during the period. Finally, Harvest Fund Management Co. Ltd increased its holdings in Essential Properties Realty Trust by 8.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company’s stock worth $233,000 after purchasing an additional 542 shares during the period. 96.98% of the stock is owned by institutional investors.

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.