A share price of Essential Properties Realty Trust Inc [EPRT] is currently trading at $26.55, up 1.92%. An important factor to consider is whether the stock is rising or falling in short-term value. The EPRT shares have gain 4.16% over the last week, with a monthly amount glided 6.50%, and seem to be holding up well over a long-time horizon.
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On 28, March 2024, Essential Properties Realty Trust, Inc. to Report First Quarter 2024 Results on April 24, 2024. In a post published today on Yahoo Finance, Essential Properties Realty Trust, Inc. (NYSE: EPRT; “Essential Properties” or the “Company”) announced today that the Company will release its operating results for the first quarter ended March 31, 2024, after the market close on Wednesday, April 24, 2024. The Company will host its first quarter 2024 earnings conference call and audio webcast on Thursday, April 25, 2024, at 10:00 a.m. Eastern Time to discuss its operating results.
From an analyst’s perspective:
Essential Properties Realty Trust Inc [NYSE: EPRT] stock has seen the most recent analyst activity on March 22, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $28.50 from $25. Previously, BMO Capital Markets started tracking the stock with Outperform rating on February 13, 2024, and set its price target to $29. On November 30, 2023, B. Riley Securities initiated with a Buy rating and assigned a price target of $27.50 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $27 on September 21, 2023. Exane BNP Paribas initiated its recommendation with a Outperform and recommended $29 as its price target on June 14, 2023. In a note dated August 24, 2022, BofA Securities upgraded an Buy rating on this stock but restated the target price of $27.
Essential Properties Realty Trust Inc experienced fluctuations in its stock price throughout the past year between $20.49 and $26.77. Currently, Wall Street analysts expect the stock to reach $28.25 within the next 12 months. Essential Properties Realty Trust Inc [NYSE: EPRT] shares were valued at $26.55 at the most recent close of the market. An investor can expect a potential return of 6.4% based on the average EPRT price forecast.
Analyzing the EPRT fundamentals
Trailing Twelve Months sales for Essential Properties Realty Trust Inc [NYSE:EPRT] were 359.95M which represents 30.40% growth. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.68%, Pretax Profit Margin comes in at 0.53%, and Net Profit Margin reading is 0.53%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.20 points at the first support level, and at 25.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.75, and for the 2nd resistance point, it is at 26.96.
Essential Properties Realty Trust Inc [EPRT] reported earnings per share of $0.31 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.26/share, meaning a difference of $0.05 and a surprise factor of 19.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.29 per share as compared to estimates of $0.26 per share, a difference of $0.03 representing a surprise of 11.50%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 12.92, the price to book ratio is 1.47 and price to earnings (TTM) ratio is 21.33.
Transactions by insiders
Recent insider trading involved Mavoides Peter M., President and CEO, that happened on Mar 26 ’24 when 9188.0 shares were sold. President and CEO, Mavoides Peter M. completed a deal on Mar 22 ’24 to sell 1700.0 shares. Meanwhile, President and CEO Mavoides Peter M. sold 100.0 shares on Mar 21 ’24.
