Essential Properties Realty Trust Inc (NYSE:EPRT) Expected to Post Q4 2019 Earnings of $0.30 Per Share

Essential Properties Realty Trust Inc (NYSE:EPRT) – Research analysts at SunTrust Banks reduced their Q4 2019 earnings estimates for shares of Essential Properties Realty Trust in a research note issued to investors on Monday, June 10th. SunTrust Banks analyst K. Kim now expects that the company will post earnings per share of $0.30 for the quarter, down from their prior forecast of $0.32. SunTrust Banks has a “Buy” rating and a $20.00 price target on the stock. SunTrust Banks also issued estimates for Essential Properties Realty Trust’s FY2020 earnings at $1.26 EPS, FY2021 earnings at $1.37 EPS, FY2022 earnings at $1.50 EPS and FY2023 earnings at $1.66 EPS.

Several other equities analysts also recently commented on the company. Zacks Investment Research downgraded Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday. Bank of America upgraded Essential Properties Realty Trust from an “underperform” rating to a “buy” rating and raised their target price for the stock from $20.00 to $23.00 in a research report on Tuesday. Boenning Scattergood set a $21.00 target price on Essential Properties Realty Trust and gave the stock a “buy” rating in a research report on Friday, May 10th. Berenberg Bank began coverage on Essential Properties Realty Trust in a research report on Tuesday, April 23rd. They set a “buy” rating for the company. Finally, Barclays restated a “hold” rating and set a $18.00 target price on shares of Essential Properties Realty Trust in a research report on Tuesday, April 16th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $19.22.

Essential Properties Realty Trust stock opened at $21.32 on Thursday. The company has a current ratio of 12.94, a quick ratio of 12.94 and a debt-to-equity ratio of 0.49. Essential Properties Realty Trust has a one year low of $13.05 and a one year high of $21.68.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.14). The company had revenue of $31.11 million for the quarter, compared to the consensus estimate of $29.27 million. Essential Properties Realty Trust had a return on equity of 2.40% and a net margin of 19.25%.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.13%. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, June 27th.

A number of hedge funds have recently added to or reduced their stakes in EPRT. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Essential Properties Realty Trust during the 4th quarter valued at $37,000. Penserra Capital Management LLC acquired a new stake in Essential Properties Realty Trust during the 1st quarter valued at $37,000. Nisa Investment Advisors LLC acquired a new stake in Essential Properties Realty Trust during the 1st quarter valued at $40,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Essential Properties Realty Trust during the 4th quarter valued at $82,000. Finally, PNC Financial Services Group Inc. increased its holdings in Essential Properties Realty Trust by 49,292.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,421 shares of the company’s stock valued at $89,000 after purchasing an additional 6,408 shares in the last quarter. 76.03% of the stock is owned by hedge funds and other institutional investors.

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 services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.

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

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