Essential Properties Realty Trust Inc (EPRT) Expected to Post Earnings of $0.28 Per Share

Wall Street analysts predict that Essential Properties Realty Trust Inc (NYSE:EPRT) will report earnings per share of $0.28 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Essential Properties Realty Trust’s earnings, with estimates ranging from $0.27 to $0.29. The company is scheduled to issue its next earnings report on Wednesday, August 14th.

According to Zacks, analysts expect that Essential Properties Realty Trust will report full-year earnings of $1.16 per share for the current fiscal year, with EPS estimates ranging from $1.14 to $1.18. For the next fiscal year, analysts forecast that the business will post earnings of $1.32 per share, with EPS estimates ranging from $1.27 to $1.37. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Essential Properties Realty Trust.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.14). The company had revenue of $31.11 million for the quarter, compared to analysts’ expectations of $29.27 million. Essential Properties Realty Trust had a return on equity of 2.40% and a net margin of 19.25%.

A number of equities analysts have recently commented on EPRT shares. Zacks Investment Research cut shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Boenning Scattergood reaffirmed a “buy” rating on shares of Essential Properties Realty Trust in a report on Friday, March 1st. Bank of America lifted their target price on shares of Essential Properties Realty Trust from $14.00 to $16.50 and gave the company an “underperform” rating in a report on Tuesday, March 5th. SunTrust Banks lifted their target price on shares of Essential Properties Realty Trust from $17.50 to $20.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Raymond James started coverage on shares of Essential Properties Realty Trust in a report on Monday, February 25th. They issued a “market perform” rating and a $16.70 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Essential Properties Realty Trust has a consensus rating of “Buy” and an average price target of $18.57.

Institutional investors and hedge funds have recently made changes to their positions in the business. EAM Global Investors LLC acquired a new position in Essential Properties Realty Trust in the 1st quarter valued at $1,559,000. Brown Advisory Inc. acquired a new position in Essential Properties Realty Trust in the 4th quarter valued at $30,751,000. Geode Capital Management LLC increased its stake in Essential Properties Realty Trust by 55.3% in the 4th quarter. Geode Capital Management LLC now owns 380,292 shares of the company’s stock valued at $5,263,000 after buying an additional 135,474 shares during the period. Vanguard Group Inc. increased its stake in Essential Properties Realty Trust by 248.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,046,426 shares of the company’s stock valued at $14,849,000 after buying an additional 746,426 shares during the period. Finally, Penserra Capital Management LLC acquired a new position in Essential Properties Realty Trust in the 1st quarter valued at $37,000. 76.03% of the stock is currently owned by institutional investors.

Shares of NYSE:EPRT traded down $0.63 during trading on Tuesday, hitting $20.42. 823,676 shares of the company were exchanged, compared to its average volume of 546,267. The company has a debt-to-equity ratio of 0.49, a quick ratio of 12.94 and a current ratio of 12.94. Essential Properties Realty Trust has a 12-month low of $13.05 and a 12-month high of $21.68.

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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