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%.

Several research firms have issued reports on EPRT. Raymond James increased their price objective on shares of Essential Properties Realty Trust from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 16th. The Goldman Sachs Group assumed coverage on shares of Essential Properties Realty Trust in a report on Friday, January 22nd. They set a “buy” rating on the stock. Mizuho upped their price objective on shares of Essential Properties Realty Trust from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, April 19th. Bank of America raised shares of Essential Properties Realty Trust from an “underperform” rating to a “buy” rating in a research note on Tuesday, April 13th. Finally, Truist upped their price target on Essential Properties Realty Trust from $23.00 to $26.00 in a research report on Tuesday, March 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.95.

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

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