Essential Properties Realty Trust (NYSE:EPRT) Announces FY 2027 Earnings Guidance

Essential Properties Realty Trust (NYSE:EPRT) updated its FY 2027 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.100-2.180 for the period, compared to the consensus estimate of 2.090.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Truist Financial started coverage on Essential Properties Realty Trust in a research report on Thursday, October 1st. They issued a “buy” rating and a $31.00 target price for the company. Wells Fargo & Company reduced their price target on shares of Essential Properties Realty Trust from $36.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Barclays reduced their price target on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday. Mizuho decreased their price target on shares of Essential Properties Realty Trust from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Monday, October 19th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from $38.00 to $28.00 in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.23.

Essential Properties Realty Trust Trading Up 1.5%

Shares of NYSE:EPRT traded up $0.38 on Friday, reaching $26.64. 3,142,296 shares of the company traded hands, compared to its average volume of 2,602,250. The stock has a market capitalization of $5.76 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 2.47 and a beta of 0.82. The business’s 50-day simple moving average is $27.82 and its 200 day simple moving average is $30.01. The company has a current ratio of 4.94, a quick ratio of 8.17 and a debt-to-equity ratio of 0.65. Essential Properties Realty Trust has a 52 week low of $24.62 and a 52 week high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, October 21st. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). The company had revenue of $168.67 million during the quarter, compared to the consensus estimate of $158.17 million. Essential Properties Realty Trust had a net margin of 41.03% and a return on equity of 5.95%. The company’s revenue was up 15.5% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. As a group, equities analysts anticipate that Essential Properties Realty Trust will post 1.96 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Essential Properties Realty Trust’s payout ratio is 104.07%.

About Essential Properties Realty Trust

Essential Properties Realty Trust, Inc (NYSE:EPRT) is an internally managed real estate investment trust that acquires, owns and manages single-tenant commercial properties. The company primarily leases these properties to middle-market businesses under long-term, net lease agreements, which generally require tenants to pay a substantial portion of the property’s operating expenses, including taxes, insurance and maintenance.

EPRT’s portfolio is diversified across businesses such as automotive services, medical services, restaurants, retail, early childhood education and other service-oriented industries.