Wall Street analysts expect Essential Properties Realty Trust Inc (NYSE:EPRT) to post sales of $34.65 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Essential Properties Realty Trust’s earnings, with the lowest sales estimate coming in at $32.21 million and the highest estimate coming in at $36.23 million. Essential Properties Realty Trust reported sales of $25.74 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 34.6%. The firm is scheduled to issue its next earnings report on Monday, November 4th.
According to Zacks, analysts expect that Essential Properties Realty Trust will report full-year sales of $134.64 million for the current year, with estimates ranging from $127.65 million to $138.96 million. For the next year, analysts forecast that the business will post sales of $161.62 million, with estimates ranging from $130.03 million to $184.24 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Essential Properties Realty Trust.
Several brokerages have recently commented on EPRT. Evercore ISI set a $21.00 target price on Essential Properties Realty Trust and gave the stock a “hold” rating in a report on Wednesday, August 7th. Citigroup upped their price objective on Essential Properties Realty Trust from $20.50 to $22.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Zacks Investment Research downgraded Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a report on Monday. ValuEngine downgraded Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Barclays reaffirmed a “hold” rating and set a $22.00 price objective on shares of Essential Properties Realty Trust in a report on Sunday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.15.
Hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. acquired a new position in shares of Essential Properties Realty Trust during the 3rd quarter worth about $305,000. Nisa Investment Advisors LLC boosted its stake in shares of Essential Properties Realty Trust by 97.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,716 shares of the company’s stock worth $223,000 after buying an additional 4,789 shares during the last quarter. HMS Capital Management LLC acquired a new position in shares of Essential Properties Realty Trust during the 3rd quarter worth about $365,000. Pacer Advisors Inc. boosted its stake in shares of Essential Properties Realty Trust by 76.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,789 shares of the company’s stock worth $41,000 after buying an additional 777 shares during the last quarter. Finally, Carroll Financial Associates Inc. acquired a new position in shares of Essential Properties Realty Trust during the 3rd quarter worth about $252,000. 75.46% of the stock is currently owned by institutional investors.
Shares of EPRT traded up $0.63 on Monday, hitting $24.42. The company’s stock had a trading volume of 993,916 shares, compared to its average volume of 907,092. The company has a market capitalization of $1.81 billion, a PE ratio of 45.62, a PEG ratio of 2.34 and a beta of 0.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.79 and a quick ratio of 2.79. Essential Properties Realty Trust has a fifty-two week low of $13.05 and a fifty-two week high of $24.60. The company has a 50 day moving average price of $23.09 and a 200 day moving average price of $21.19.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.60%. The ex-dividend date was Friday, September 27th.
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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