Essential Properties Realty Trust (NYSE:EPRT) Posts Earnings Results, Misses Expectations By $0.15 EPS
Essential Properties Realty Trust (NYSE:EPRT) announced its quarterly earnings results on Monday. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.15), MarketWatch Earnings reports. Essential Properties Realty Trust had a return on equity of 3.73% and a net margin of 31.54%. Essential Properties Realty Trust updated its FY 2021 guidance to 1.220-1.260 EPS.
EPRT opened at $26.41 on Tuesday. Essential Properties Realty Trust has a one year low of $10.46 and a one year high of $26.70. The stock has a market capitalization of $3.10 billion, a PE ratio of 46.33 and a beta of 1.32. The business’s 50 day moving average price is $24.46 and its 200 day moving average price is $21.72. The company has a debt-to-equity ratio of 0.51, a quick ratio of 14.29 and a current ratio of 14.29.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Investors of record on Wednesday, March 31st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Tuesday, March 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 152.38%.
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, and health and fitness on a long-term basis.
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