Zacks: Analysts Anticipate Essential Properties Realty Trust Inc (EPRT) to Announce $0.27 EPS

Equities research analysts predict that Essential Properties Realty Trust Inc (NYSE:EPRT) will report earnings of $0.27 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Essential Properties Realty Trust’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.26. The business is expected to announce its next earnings results on Monday, February 4th.

According to Zacks, analysts expect that Essential Properties Realty Trust will report full-year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.53 to $1.00. For the next financial year, analysts expect that the business will report earnings of $1.18 per share, with EPS estimates ranging from $1.15 to $1.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Essential Properties Realty Trust.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Monday, November 5th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $25.74 million during the quarter, compared to the consensus estimate of $25.60 million.

A number of analysts have commented on the company. Boenning Scattergood assumed coverage on Essential Properties Realty Trust in a report on Wednesday, December 12th. They set an “outperform” rating and a $17.00 price objective for the company. Zacks Investment Research lowered Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, September 17th. Finally, Bank of America lowered Essential Properties Realty Trust from a “neutral” rating to an “underperform” rating in a report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $15.35.

Shares of Essential Properties Realty Trust stock opened at $14.27 on Friday. Essential Properties Realty Trust has a one year low of $13.05 and a one year high of $14.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 12.86 and a quick ratio of 12.86.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 14th. Shareholders of record on Monday, December 31st will be given a dividend of $0.21 per share. The ex-dividend date is Friday, December 28th. This represents a $0.84 annualized dividend and a dividend yield of 5.89%.

In related news, VP Daniel P. Donlan bought 2,100 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were purchased at an average price of $13.76 per share, for a total transaction of $28,896.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Gregg A. Seibert bought 6,000 shares of the company’s stock in a transaction on Tuesday, November 6th. The shares were bought at an average price of $14.12 per share, for a total transaction of $84,720.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 23,600 shares of company stock worth $333,991.

Several large investors have recently bought and sold shares of the business. Legal & General Group Plc increased its stake in Essential Properties Realty Trust by 35.0% in the third quarter. Legal & General Group Plc now owns 5,399 shares of the company’s stock valued at $77,000 after acquiring an additional 1,399 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Essential Properties Realty Trust by 114.5% in the fourth quarter. State of Alaska Department of Revenue now owns 10,709 shares of the company’s stock valued at $148,000 after acquiring an additional 5,717 shares during the last quarter. Claybrook Capital LLC bought a new position in Essential Properties Realty Trust in the third quarter valued at $142,000. American International Group Inc. bought a new position in Essential Properties Realty Trust in the third quarter valued at $335,000. Finally, American Century Companies Inc. bought a new position in Essential Properties Realty Trust in the second quarter valued at $423,000. Hedge funds and other institutional investors own 78.81% of the company’s stock.

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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