Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.16), Yahoo Finance reports. Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The business had revenue of $117.13 million during the quarter, compared to the consensus estimate of $109.73 million. During the same period last year, the company posted $0.42 earnings per share. The business’s revenue was up 27.8% compared to the same quarter last year.
Essential Properties Realty Trust Trading Down 1.7 %
NYSE:EPRT traded down $0.57 during midday trading on Friday, hitting $32.79. 590,638 shares of the company traded hands, compared to its average volume of 1,340,878. The firm has a market capitalization of $5.75 billion, a P/E ratio of 26.71, a P/E/G ratio of 2.78 and a beta of 1.37. The firm’s fifty day moving average is $32.71 and its 200-day moving average is $29.45. Essential Properties Realty Trust has a 12-month low of $20.61 and a 12-month high of $34.51. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.59.
Essential Properties Realty Trust Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 94.31%.
Analyst Ratings Changes
View Our Latest Research Report on Essential Properties Realty Trust
Insiders Place Their Bets
In related news, CEO Peter M. Mavoides sold 27,817 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the sale, the chief executive officer now directly owns 446,076 shares of the company’s stock, valued at $14,421,637.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by insiders.
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 and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.
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