Essential Properties Realty Trust Inc (NYSE:EPRT) announced a quarterly dividend on Monday, September 9th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.22 per share on Tuesday, October 15th. This represents a $0.88 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Friday, September 27th.

Essential Properties Realty Trust has a dividend payout ratio of 103.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Essential Properties Realty Trust to earn $1.32 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 66.7%.

Shares of NYSE:EPRT traded up $0.33 on Wednesday, reaching $22.42. The company’s stock had a trading volume of 36,337 shares, compared to its average volume of 808,576. Essential Properties Realty Trust has a 52-week low of $13.05 and a 52-week high of $23.23. The company has a market cap of $1.69 billion, a P/E ratio of 43.35, a PEG ratio of 2.23 and a beta of 0.46. The company has a 50-day simple moving average of $21.67 and a 200 day simple moving average of $20.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.79 and a current ratio of 2.79.

Several analysts have recently issued reports on the stock. Royal Bank of Canada began 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 target price on the stock. Citigroup lifted their price target on Essential Properties Realty Trust from $20.50 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Evercore ISI set a $21.00 price objective on Essential Properties Realty Trust and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Zacks Investment Research downgraded Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Finally, ValuEngine lowered Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Essential Properties Realty Trust has an average rating of “Hold” and a consensus price target of $20.47.

In related news, VP Gregg A. Seibert sold 24,352 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Eldridge Industries, Llc sold 26,288,316 shares of Essential Properties Realty Trust stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $19.55, for a total transaction of $513,936,577.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,356,559 shares of company stock valued at $515,289,154. 2.10% of the stock is owned by company insiders.

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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Dividend History for Essential Properties Realty Trust (NYSE:EPRT)

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