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, and health and fitness on a long-term basis. As of December 31, 2020, it had a portfolio of 1,181 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.
IPO Year: 2018
Exchange: NYSE
Website: essentialproperties.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/19/2024 | Outperform | Wedbush | |
| 7/17/2024 | $30.00 → $32.00 | Outperform → In-line | Evercore ISI |
| 6/28/2024 | $33.00 | Buy | Goldman |
| 5/31/2024 | $30.00 | Buy | UBS |
| 3/22/2024 | $25.00 → $28.50 | Neutral → Buy | Citigroup |
| 2/13/2024 | $29.00 | Outperform | BMO Capital Markets |
| 11/30/2023 | $27.50 | Buy | B. Riley Securities |
| 9/21/2023 | $27.00 | Overweight | Wells Fargo |
| 6/14/2023 | $29.00 | Outperform | Exane BNP Paribas |
| 9/13/2022 | $26.00 | Outperform | Evercore ISI |
Wedbush initiated coverage of Essential Properties Realty Trust with a rating of Outperform
Evercore ISI downgraded Essential Properties Realty Trust from Outperform to In-line and set a new price target of $32.00 from $30.00 previously
Goldman initiated coverage of Essential Properties Realty Trust with a rating of Buy and set a new price target of $33.00
UBS initiated coverage of Essential Properties Realty Trust with a rating of Buy and set a new price target of $30.00
Citigroup upgraded Essential Properties Realty Trust from Neutral to Buy and set a new price target of $28.50 from $25.00 previously
BMO Capital Markets initiated coverage of Essential Properties Realty Trust with a rating of Outperform and set a new price target of $29.00
B. Riley Securities initiated coverage of Essential Properties Realty Trust with a rating of Buy and set a new price target of $27.50
Wells Fargo initiated coverage of Essential Properties Realty Trust with a rating of Overweight and set a new price target of $27.00
Exane BNP Paribas initiated coverage of Essential Properties Realty Trust with a rating of Outperform and set a new price target of $29.00
Evercore ISI resumed coverage of Essential Properties Realty Trust with a rating of Outperform and set a new price target of $26.00
4 - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Issuer)
4 - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Issuer)
4 - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Issuer)
4 - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Issuer)
4 - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Issuer)
4 - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Issuer)
4 - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Issuer)
4 - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Issuer)
4 - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Issuer)
4 - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Issuer)
- Third Quarter Net Income per Share of $0.27 and AFFO per Share of $0.43 - - Closed Investments of $307.6 million at an 8.1% Weighted Average Cash Cap Rate - - Issues 2025 AFFO Guidance of $1.84 to $1.89 per Share - Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) today announced operating results for the three and nine months ended September 30, 2024. Third Quarter 2024 Financial and Operating Highlights: Operating Results (compared to Third Quarter 2023): • Investments (57 properties) $ Invested $307.6 million Weighted Avg Cash Cap Rate 8.1% • Dispositions (9 properties) Net Procee
Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) announced today that the Company will release its operating results for the third quarter ended September 30, 2024, after the market close on Wednesday, October 23, 2024. The Company will host its third quarter 2024 earnings conference call and audio webcast on Thursday, October 24, 2024, at 10:00 a.m. Eastern Time to discuss its operating results. A webcast of the conference call will be available on the Investor Relations section of the Company's website at www.essentialproperties.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order
Essential Properties Realty Trust, Inc. (NYSE:EPRT, the "Company"))) announced today that its Board of Directors declared a quarterly cash dividend of $0.29 per share of common stock for the third quarter of 2024. This represents an annualized dividend of $1.16 per share of common stock. The dividend is payable on October 11, 2024, to stockholders of record as of the close of business on September 30, 2024. About Essential Properties Realty Trust, Inc. Essential Properties Realty Trust, Inc. is an internally managed REIT that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based bus
- Second Quarter Net Income per Share of $0.29 and AFFO per Share of $0.43 - - Closed Investments of $333.9 million at an 8.0% Weighted Average Cash Cap Rate - - Reiterates 2024 AFFO Guidance range of $1.72 to $1.75 per Share - Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) today announced operating results for the three and six months ended June 30, 2024. Second Quarter 2024 Financial and Operating Highlights: Operating Results (compared to Second Quarter 2023): ·Investments (83 properties) $ Invested $333.9 million Weighted Avg Cash Cap Rate 8.0% ·Dispositions (6 properties)
Today, Essential Properties Realty Trust, Inc. (NYSE:EPRT) (the "Company" or "EPRT") announced the closing of an amendment of the Company's Amended and Restated Credit Agreement, which added a new unsecured $450 million up to 5.5-year term loan facility with a delayed draw feature (the "2030 Term Loan"). The 2030 Term Loan initially bears interest at an annual rate of term SOFR plus an applicable margin. If the extension options are fully exercised by the Company, the 2030 Term Loan will mature in January 2030. At closing, the Company drew an initial funding amount of $320 million, a portion of which was used to pay off the outstanding balance on the Company's revolving credit facility. T
Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) announced today that the Company will release its operating results for the second quarter ended June 30, 2024, after the market close on Wednesday, July 24, 2024. The Company will host its second quarter 2024 earnings conference call and audio webcast on Thursday, July 25, 2024, at 10:00 a.m. Eastern Time to discuss its operating results. A webcast of the conference call will be available on the Investor Relations section of the Company's website at www.essentialproperties.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to regi
Essential Properties Realty Trust, Inc. (NYSE:EPRT, the "Company"))) announced today that its Board of Directors declared a quarterly cash dividend of $0.29 per share of common stock for the second quarter of 2024. On an annualized basis the second quarter 2024 dividend of $0.29 equals $1.16 per share, an increase of $0.02 per share compared to the previous annualized dividend. The dividend is payable on July 12, 2024, to stockholders of record as of the close of business on June 28, 2024. About Essential Properties Realty Trust, Inc. Essential Properties Realty Trust, Inc. is an internally managed REIT that acquires, owns and manages primarily single-tenant properties that are net leas
Delivered positive comparable restaurant revenue in the first five weeks of the second quarterLaunched new loyalty program on May 22ndRepaid approximately $21.2 million of debt ENGLEWOOD, Colo., May 29, 2024 /PRNewswire/ -- Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) ("Red Robin" or the "Company"), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal first quarter ended April 21, 2024. Highlights for the First Quarter of Fiscal 2024, Compared to the First Quarter of Fiscal 2023: Total revenues are $388.5 million, a decrease of $29.3 million.Comparable restaurant rev
- First Quarter Net Income per Share of $0.28 and AFFO per Share of $0.42 - - Closed Investments of $248.8 million at an 8.1% Weighted Average Cash Cap Rate - - Updates 2024 AFFO Guidance to $1.72 to $1.75 per Share - Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) today announced operating results for the three months ended March 31, 2024. First Quarter 2024 Financial and Operating Highlights: Operating Results (compared to First Quarter 2023): • Investments (79 properties) $ Invested $248.8 million Weighted Avg Cash Cap Rate 8.1% • Dispositions (7 properties) Net
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. A webcast of the conference call will be available on the Investor Relations section of the Company's website at www.essentialproperties.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to reg
8-K - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Filer)
8-K - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Filer)
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10-Q - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Filer)
8-K - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Filer)
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8-K - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Filer)
8-K - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Filer)
10-Q - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Filer)
8-K - ESSENTIAL PROPERTIES REALTY TRUST, INC. (0001728951) (Filer)
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CHEYENNE, Wyo., March 20, 2024 (GLOBE NEWSWIRE) -- Mexican quick-service restaurant staple Taco John's® proudly welcomes industry veteran Heather Neary to the executive leadership team as President and Chief Executive Officer. Neary brings more than two decades of relevant restaurant, brand, and franchise leadership experience to her new role, most recently as the Brand President at KBP Brands, a large QSR Franchisee. She joins Taco John's as the company accelerates its expansion throughout the Midwest and beyond, with new locations planned in existing and new territories in coming years. "Heather's strategic vision, energy, and proven track record of driving growth, customer experience
Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) announced today that Paul T. Bossidy has notified the Company of his intent to retire as Chairman ("Chairman") of the Company's Board of Directors (the "Board"), effective as of December 31, 2023, after nearly 7 years as Chairman. Mr. Bossidy's retirement decision was not the result of any disagreement with the Company on any matter relating to the Company's operations, disclosures, policies or practices. In connection with Mr. Bossidy's retirement, the size of the Board will be reduced from eight members to seven members, and the Board has appointed current Board member, Mr. Scott A. Estes, to be
NETSTREIT Corp. (NYSE:NTST) (the "Company"), today announced the appointment of Daniel P. Donlan as its new Chief Financial Officer and Treasurer ("CFO") effective April 10, 2023. Mr. Donlan will be based at the Company's headquarters in Dallas, TX. "We are pleased to welcome Dan to the NETSTREIT team," said Mark Manheimer, Chief Executive Officer of NETSTREIT. "Dan's extensive capital markets, investor relations, and net lease industry experience will be invaluable as we continue to opportunistically raise growth capital and source high quality investments to produce strong risk adjusted returns. I would also like to thank Lori Wittman for stepping in as Interim Chief Financial Officer w
- Third Quarter Net Income per Share of $0.27 and AFFO per Share of $0.43 - - Closed Investments of $307.6 million at an 8.1% Weighted Average Cash Cap Rate - - Issues 2025 AFFO Guidance of $1.84 to $1.89 per Share - Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) today announced operating results for the three and nine months ended September 30, 2024. Third Quarter 2024 Financial and Operating Highlights: Operating Results (compared to Third Quarter 2023): • Investments (57 properties) $ Invested $307.6 million Weighted Avg Cash Cap Rate 8.1% • Dispositions (9 properties) Net Procee
Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) announced today that the Company will release its operating results for the third quarter ended September 30, 2024, after the market close on Wednesday, October 23, 2024. The Company will host its third quarter 2024 earnings conference call and audio webcast on Thursday, October 24, 2024, at 10:00 a.m. Eastern Time to discuss its operating results. A webcast of the conference call will be available on the Investor Relations section of the Company's website at www.essentialproperties.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order
Essential Properties Realty Trust, Inc. (NYSE:EPRT, the "Company"))) announced today that its Board of Directors declared a quarterly cash dividend of $0.29 per share of common stock for the third quarter of 2024. This represents an annualized dividend of $1.16 per share of common stock. The dividend is payable on October 11, 2024, to stockholders of record as of the close of business on September 30, 2024. About Essential Properties Realty Trust, Inc. Essential Properties Realty Trust, Inc. is an internally managed REIT that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based bus
- Second Quarter Net Income per Share of $0.29 and AFFO per Share of $0.43 - - Closed Investments of $333.9 million at an 8.0% Weighted Average Cash Cap Rate - - Reiterates 2024 AFFO Guidance range of $1.72 to $1.75 per Share - Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) today announced operating results for the three and six months ended June 30, 2024. Second Quarter 2024 Financial and Operating Highlights: Operating Results (compared to Second Quarter 2023): ·Investments (83 properties) $ Invested $333.9 million Weighted Avg Cash Cap Rate 8.0% ·Dispositions (6 properties)
Today, Essential Properties Realty Trust, Inc. (NYSE:EPRT) (the "Company" or "EPRT") announced the closing of an amendment of the Company's Amended and Restated Credit Agreement, which added a new unsecured $450 million up to 5.5-year term loan facility with a delayed draw feature (the "2030 Term Loan"). The 2030 Term Loan initially bears interest at an annual rate of term SOFR plus an applicable margin. If the extension options are fully exercised by the Company, the 2030 Term Loan will mature in January 2030. At closing, the Company drew an initial funding amount of $320 million, a portion of which was used to pay off the outstanding balance on the Company's revolving credit facility. T
Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) announced today that the Company will release its operating results for the second quarter ended June 30, 2024, after the market close on Wednesday, July 24, 2024. The Company will host its second quarter 2024 earnings conference call and audio webcast on Thursday, July 25, 2024, at 10:00 a.m. Eastern Time to discuss its operating results. A webcast of the conference call will be available on the Investor Relations section of the Company's website at www.essentialproperties.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to regi
Essential Properties Realty Trust, Inc. (NYSE:EPRT, the "Company"))) announced today that its Board of Directors declared a quarterly cash dividend of $0.29 per share of common stock for the second quarter of 2024. On an annualized basis the second quarter 2024 dividend of $0.29 equals $1.16 per share, an increase of $0.02 per share compared to the previous annualized dividend. The dividend is payable on July 12, 2024, to stockholders of record as of the close of business on June 28, 2024. About Essential Properties Realty Trust, Inc. Essential Properties Realty Trust, Inc. is an internally managed REIT that acquires, owns and manages primarily single-tenant properties that are net leas
Delivered positive comparable restaurant revenue in the first five weeks of the second quarterLaunched new loyalty program on May 22ndRepaid approximately $21.2 million of debt ENGLEWOOD, Colo., May 29, 2024 /PRNewswire/ -- Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) ("Red Robin" or the "Company"), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal first quarter ended April 21, 2024. Highlights for the First Quarter of Fiscal 2024, Compared to the First Quarter of Fiscal 2023: Total revenues are $388.5 million, a decrease of $29.3 million.Comparable restaurant rev
- First Quarter Net Income per Share of $0.28 and AFFO per Share of $0.42 - - Closed Investments of $248.8 million at an 8.1% Weighted Average Cash Cap Rate - - Updates 2024 AFFO Guidance to $1.72 to $1.75 per Share - Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) today announced operating results for the three months ended March 31, 2024. First Quarter 2024 Financial and Operating Highlights: Operating Results (compared to First Quarter 2023): • Investments (79 properties) $ Invested $248.8 million Weighted Avg Cash Cap Rate 8.1% • Dispositions (7 properties) Net
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. A webcast of the conference call will be available on the Investor Relations section of the Company's website at www.essentialproperties.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to reg
Stifel analyst Simon Yarmak maintains Essential Props Realty (NYSE:EPRT) with a Buy and raises the price target from $31.25 to $32.
Essential Props Realty (NYSE:EPRT) reported quarterly AFFO of $0.43 per share which missed the analyst consensus estimate of $0.47 by 8.51 percent. This is a 4.88 percent increase over earnings of $0.41 per share from the same period last year. The company reported quarterly sales of $109.268 million which beat the analyst consensus estimate of $106.411 million by 2.69 percent. This is a 26.30 percent increase over sales of $86.516 million the same period last year.
As of July 22, 2024, four stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. InvenTrust Properties Corp (NYSE:IVT) InvenTrust Properties will report its second quarter e
Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Essential Props Realty (NYSE:EPRT) in the last three months. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 1 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 1 0 1 0 0 3M Ago 1 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $31.0, along with a high estimate of $35.00 and a low estimate of $28.00. Witnessing a
UBS analyst Michael Goldsmith maintains Essential Props Realty (NYSE:EPRT) with a Buy and raises the price target from $30 to $35.
Throughout the last three months, 4 analysts have evaluated Essential Props Realty (NYSE:EPRT), offering a diverse set of opinions from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 1 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 1 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 0 0 0 Analysts have set 12-month price targets for Essential Props Realty, revealing an average target of $30.0, a high estimate of $33.00, and a low es
Goldman Sachs analyst Caitlin Burrows initiates coverage on Essential Props Realty (NYSE:EPRT) with a Buy rating and announces Price Target of $33.
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