Essential Properties Realty Trust (EPRT) Stock Price, News & Analysis

Company Overview

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. As of December 31, 2021, it had a portfolio of 1, 451 properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2016 and is headquartered in Princeton, New Jersey.

Key Stats

• Today's Range: $33.54 to $33.83
• 50-Day Range: $31.63 to $34.49
• 52-Week Range: $23.42 to $34.51
• Volume: 52,848 shs
• Average Volume: 1.33 million shs
• Market Capitalization: $5.90 billion
• P/E Ratio: 29.28
• Dividend Yield: 3.45%
• Price Target: $33.37
• Consensus Rating: Moderate Buy

Essential Properties Realty Trust Stock Analysis - MarketRank™

Essential Properties Realty Trust scored higher than 68% of companies evaluated by MarketBeat, and ranked 376th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Essential Properties Realty Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.85, and is based on 11 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Essential Properties Realty Trust has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.33%

Earnings Growth

Earnings for Essential Properties Realty Trust are expected to grow by 8.33% in the coming year, from $1.68 to $1.82 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Essential Properties Realty Trust is 29.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Essential Properties Realty Trust is 29.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.86.

Price to Earnings Growth Ratio

Essential Properties Realty Trust has a PEG Ratio of 2.84. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Essential Properties Realty Trust has a P/B Ratio of 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.45% of the outstanding shares of Essential Properties Realty Trust have been sold short.

Short Interest Ratio / Days to Cover

Essential Properties Realty Trust has a short interest ratio ("days to cover") of 14.7, which indicates bearish sentiment.

Change versus previous month

Short interest in Essential Properties Realty Trust has recently decreased by 4.68%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Essential Properties Realty Trust pays a meaningful dividend of 3.40%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Essential Properties Realty Trust does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Essential Properties Realty Trust is 100.87%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Essential Properties Realty Trust will have a dividend payout ratio of 63.74% next year. This indicates that Essential Properties Realty Trust will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

10.45% of the outstanding shares of Essential Properties Realty Trust have been sold short.

Short Interest Ratio / Days to Cover

Essential Properties Realty Trust has a short interest ratio ("days to cover") of 14.7, which indicates bearish sentiment.

Change versus previous month

Short interest in Essential Properties Realty Trust has recently decreased by 4.68%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 1.63

News Sentiment

Essential Properties Realty Trust has a news sentiment score of 1.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Essential Properties Realty Trust this week, compared to 5 articles on an average week.

MarketBeat Follows

6 people have added Essential Properties Realty Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Essential Properties Realty Trust insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $899,324.00 in company stock.

Percentage Held by Insiders

Only 0.81% of the stock of Essential Properties Realty Trust is held by insiders.

Percentage Held by Institutions

96.98% of the stock of Essential Properties Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EPRT Stock Analysis - Frequently Asked Questions

How have EPRT shares performed this year?

Essential Properties Realty Trust's stock was trading at $25.56 at the beginning of the year. Since then, EPRT shares have increased by 31.3% and is now trading at $33.56.
View the best growth stocks for 2024 here.

How were Essential Properties Realty Trust's earnings last quarter?

Essential Properties Realty Trust, Inc. (NYSE:EPRT) released its earnings results on Wednesday, October, 23rd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.16. The business's revenue was up 27.8% on a year-over-year basis.

When did Essential Properties Realty Trust IPO?

Essential Properties Realty Trust (EPRT) raised $499 million in an initial public offering (IPO) on Thursday, June 21st 2018. The company issued 32,200,000 shares at a price of $14.00-$17.00 per share. Goldman Sachs, Citigroup, Barclays, BofA Merrill Lynch and Credit Suisse acted as the underwriters for the IPO and RBC Capital Markets, SunTrust Robinson Humphrey, Evercore ISI and Ladenburg Thalmann were co-managers.

Who are Essential Properties Realty Trust's major shareholders?

Essential Properties Realty Trust's top institutional shareholders include State Street Corp (5.72%), Wellington Management Group LLP (5.55%), Geode Capital Management LLC (2.55%) and FMR LLC (2.36%). Insiders that own company stock include Peter M Mavoides, Stephen D Sautel and Mark E Patten.
View institutional ownership trends.

How do I buy shares of Essential Properties Realty Trust?

Shares of EPRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Essential Properties Realty Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Essential Properties Realty Trust investors own include Medical Properties Trust (MPW), Cenovus Energy (CVE), Cleveland-Cliffs (CLF), Enterprise Products Partners (EPD), Realty Income (O), Pfizer (PFE) and VICI Properties (VICI).

Company Calendar

• Ex-Dividend for 10/11 Dividend: 9/30/2024
• Dividend Payable: 10/11/2024
• Last Earnings: 10/23/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NYSE:EPRT
• CUSIP: N/A
• CIK: 1728951
• Web: www.essentialproperties.com
• Phone: (609) 436-0619
• Fax: N/A
• Employees: 40
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $33.37
• High Stock Price Target: $40.00
• Low Stock Price Target: $28.50
• Potential Upside/Downside: -0.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.85
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.15
• Trailing P/E Ratio: 29.18
• Forward P/E Ratio: 19.98
• P/E Growth: 2.73
• Net Income: $190.71 million
• Net Margins: 46.00%
• Pretax Margin: 46.30%
• Return on Equity: 6.20%
• Return on Assets: 3.82%

Debt

• Debt-to-Equity Ratio: 0.69
• Current Ratio: 5.59
• Quick Ratio: 5.59

Sales & Book Value

• Annual Sales: $359.60 million
• Price / Sales: 16.36
• Cash Flow: $1.83 per share
• Price / Cash Flow: 18.34
• Book Value: $17.94 per share
• Price / Book: 1.87

Miscellaneous

• Outstanding Shares: 175,330,000
• Free Float: 173,912,000
• Market Cap: $5.88 billion
• Optionable: Optionable
• Beta: 1.37