Essential Properties Realty Trust (EPRT) Expected to Announce Quarterly Earnings on Wednesday

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) is expected to release its earnings data after the market closes on Wednesday, February 12th. Analysts expect Essential Properties Realty Trust to post earnings of $0.31 per share and revenue of $121.22 million for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Essential Properties Realty Trust Stock Performance

Shares of NYSE:EPRT traded down $0.18 during trading on Friday, reaching $31.55. 897,590 shares of the company's stock traded hands, compared to its average volume of 837,843. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. The company has a 50 day moving average of $31.85 and a 200-day moving average of $32.09. Essential Properties Realty Trust has a 12 month low of $23.58 and a 12 month high of $34.88. The stock has a market capitalization of $5.53 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 2.91 and a beta of 1.40.

Essential Properties Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.74%. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, December 31st. Essential Properties Realty Trust's dividend payout ratio is presently 102.61%.

Analysts Set New Price Targets

Several brokerages have weighed in on EPRT. Mizuho increased their target price on Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Scotiabank lifted their price objective on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a research report on Monday, November 25th. UBS Group upped their target price on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They set a "buy" rating and a $38.00 price objective for the company. Finally, Barclays cut their target price on Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $33.85.

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