Capital One Financial Comments on EPRT FY2024 Earnings

Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) - Stock analysts at Capital One Financial issued their FY2024 earnings per share (EPS) estimates for shares of Essential Properties Realty Trust in a research report issued on Wednesday, February 12th. Capital One Financial analyst D. Guglielmo forecasts that the company will post earnings of $1.69 per share for the year. Capital One Financial currently has a "Overweight" rating and a $35.00 price target on the stock. The consensus estimate for Essential Properties Realty Trust's current full-year earnings is $1.68 per share. Capital One Financial also issued estimates for Essential Properties Realty Trust's Q4 2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.49 EPS and FY2025 earnings at $1.86 EPS.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%.

Several other research firms have also commented on EPRT. Scotiabank boosted their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research note on Monday, November 25th. Wells Fargo & Company cut their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, November 4th. Barclays lowered their target price on Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. UBS Group boosted their target price on Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, Mizuho boosted their target price on Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.25.

Essential Properties Realty Trust Price Performance

NYSE:EPRT traded up $0.39 during trading hours on Friday, hitting $31.66. 1,406,116 shares of the stock were exchanged, compared to its average volume of 1,054,217. Essential Properties Realty Trust has a 52-week low of $23.58 and a 52-week high of $34.88. The firm's fifty day moving average price is $31.61 and its 200 day moving average price is $32.16. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. The company has a market cap of $5.55 billion, a P/E ratio of 27.53, a P/E/G ratio of 2.91 and a beta of 1.40.

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.295 dividend. The ex-dividend date was Tuesday, December 31st. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a yield of 3.73%. Essential Properties Realty Trust's dividend payout ratio is currently 102.61%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EPRT. Norges Bank acquired a new position in Essential Properties Realty Trust in the fourth quarter valued at approximately $83,341,000. Duff & Phelps Investment Management Co. acquired a new position in Essential Properties Realty Trust during the third quarter worth $69,473,000. Bank of Montreal Can lifted its stake in Essential Properties Realty Trust by 237.7% during the fourth quarter. Bank of Montreal Can now owns 2,100,485 shares of the company's stock worth $65,703,000 after purchasing an additional 1,478,451 shares in the last quarter. Invesco Ltd. lifted its stake in Essential Properties Realty Trust by 33.9% during the fourth quarter. Invesco Ltd. now owns 4,651,728 shares of the company's stock worth $145,506,000 after purchasing an additional 1,178,284 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Essential Properties Realty Trust during the fourth quarter worth $35,085,000. 96.98% of the stock is currently owned by institutional investors and hedge funds.

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, grocery, and health and fitness on a long-term basis.