Brokerages expect Essential Properties Realty Trust Inc (NYSE:EPRT) to announce $34.66 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Essential Properties Realty Trust’s earnings, with estimates ranging from $32.61 million to $36.08 million. Essential Properties Realty Trust reported sales of $25.74 million in the same quarter last year, which indicates a positive year over year growth rate of 34.7%. The business is scheduled to issue its next earnings results on Monday, November 4th.

On average, analysts expect that Essential Properties Realty Trust will report full-year sales of $134.95 million for the current fiscal year, with estimates ranging from $129.18 million to $138.67 million. For the next year, analysts expect that the business will post sales of $162.32 million, with estimates ranging from $131.80 million to $184.66 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Essential Properties Realty Trust.

Several research firms have recently issued reports on EPRT. Royal Bank of Canada began coverage on Essential Properties Realty Trust in a research note on Friday, July 12th. They set a “sector perform” rating and a $21.00 price target for the company. Barclays reaffirmed a “hold” rating and set a $18.00 price target on shares of Essential Properties Realty Trust in a research note on Tuesday, April 16th. Boenning Scattergood set a $21.00 price target on Essential Properties Realty Trust and gave the stock a “buy” rating in a research note on Friday, May 10th. Berenberg Bank began coverage on Essential Properties Realty Trust in a research note on Tuesday, April 23rd. They set a “buy” rating for the company. Finally, Zacks Investment Research downgraded Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $20.32.

In other Essential Properties Realty Trust news, major shareholder Eldridge Industries, Llc sold 26,288,316 shares of Essential Properties Realty Trust stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $19.55, for a total value of $513,936,577.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter M. Mavoides sold 43,891 shares of Essential Properties Realty Trust stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $19.82, for a total value of $869,919.62. The disclosure for this sale can be found here. Insiders sold a total of 26,356,559 shares of company stock valued at $515,289,154 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of EPRT. D. E. Shaw & Co. Inc. raised its position in shares of Essential Properties Realty Trust by 77.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 660,317 shares of the company’s stock valued at $13,233,000 after purchasing an additional 288,585 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Essential Properties Realty Trust by 371.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 54,700 shares of the company’s stock valued at $1,096,000 after purchasing an additional 43,092 shares in the last quarter. Morgan Stanley raised its position in shares of Essential Properties Realty Trust by 354.3% in the 2nd quarter. Morgan Stanley now owns 138,205 shares of the company’s stock valued at $2,770,000 after purchasing an additional 107,782 shares in the last quarter. Bank of America Corp DE raised its position in shares of Essential Properties Realty Trust by 90.3% in the 2nd quarter. Bank of America Corp DE now owns 122,538 shares of the company’s stock valued at $2,456,000 after purchasing an additional 58,159 shares in the last quarter. Finally, Marshall Wace North America L.P. raised its position in shares of Essential Properties Realty Trust by 121.2% in the 2nd quarter. Marshall Wace North America L.P. now owns 85,201 shares of the company’s stock valued at $1,708,000 after purchasing an additional 46,688 shares in the last quarter. Institutional investors own 74.39% of the company’s stock.

Shares of NYSE:EPRT traded down $0.07 during midday trading on Wednesday, hitting $21.78. 787,100 shares of the stock were exchanged, compared to its average volume of 719,647. The company has a market capitalization of $1.64 billion, a PE ratio of 40.75, a P/E/G ratio of 1.88 and a beta of 0.49. The company has a current ratio of 12.94, a quick ratio of 12.94 and a debt-to-equity ratio of 0.49. Essential Properties Realty Trust has a twelve month low of $13.05 and a twelve month high of $21.93. The firm has a 50 day simple moving average of $20.47.

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.22 dividend. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.88 annualized dividend and a yield of 4.04%.

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

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Earnings History and Estimates for Essential Properties Realty Trust (NYSE:EPRT)

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