Essential Properties Realty Trust (NYSE:EPRT) Posts Earnings Results, Beats Expectations By $0.14 EPS

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.14, Zacks reports. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. Essential Properties Realty Trust updated its FY 2025 guidance to 1.850-1.890 EPS.

Essential Properties Realty Trust Stock Performance

Shares of NYSE:EPRT traded up $0.14 on Friday, hitting $31.26. The company had a trading volume of 1,113,722 shares, compared to its average volume of 837,843. Essential Properties Realty Trust has a 1-year low of $23.58 and a 1-year high of $34.88. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 2.91 and a beta of 1.40. The stock has a 50 day moving average price of $31.66 and a 200 day moving average price of $32.14. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69.

Essential Properties Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.295 per share. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.18 annualized dividend and a yield of 3.77%. Essential Properties Realty Trust's dividend payout ratio (DPR) is currently 102.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Capital One Financial started coverage on Essential Properties Realty Trust in a research report on Wednesday. They set an "overweight" rating and a $35.00 price target for the company. Scotiabank increased their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a "sector perform" rating in a report on Monday, November 25th. UBS Group lifted their price target on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, December 11th. They set a "buy" rating and a $38.00 price target on the stock. Finally, Barclays decreased their price objective on Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Two equities research 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $34.25.

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.