Essential Properties Realty Trust (NYSE:EPRT) Issues FY25 Earnings Guidance

Essential Properties Realty Trust (NYSE:EPRT) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.84-$1.89 for the period, compared to the consensus EPS estimate of $2.02. Essential Properties Realty Trust also updated its FY 2024 guidance to 1.840-1.890 EPS.

Essential Properties Realty Trust Stock Performance

Shares of NYSE EPRT traded down $0.61 during midday trading on Thursday, reaching $33.28. The company had a trading volume of 666,556 shares, compared to its average volume of 1,342,117. Essential Properties Realty Trust has a 1 year low of $20.61 and a 1 year high of $34.51. The business’s 50-day simple moving average is $32.64 and its 200 day simple moving average is $29.43. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.59. The stock has a market cap of $5.83 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.78 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.13). Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The firm had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.99 million. During the same period in the previous year, the company earned $0.41 earnings per share. Essential Properties Realty Trust’s revenue was up 26.4% on a year-over-year basis. On average, analysts forecast that Essential Properties Realty Trust will post 1.68 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The company also recently disclosed 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 3.49%. The ex-dividend date of this dividend was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 94.31%.

Analyst Ratings Changes

EPRT has been the subject of a number of research reports. Truist Financial lifted their target price on Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company restated an “overweight” rating and set a $37.00 price objective (up from $34.00) on shares of Essential Properties Realty Trust in a research note on Tuesday, October 1st. Stifel Nicolaus upped their price objective on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a report on Thursday, September 26th. Wedbush initiated coverage on shares of Essential Properties Realty Trust in a report on Monday, August 19th. They set an “outperform” rating and a $34.00 target price for the company. Finally, Scotiabank boosted their target price on shares of Essential Properties Realty Trust from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.06.

Insider Activity

In related news, CEO Peter M. Mavoides sold 27,817 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the transaction, the chief executive officer now owns 446,076 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 0.81% of the company’s stock.

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.