Essential Properties Realty Trust, Inc. (NYSE:EPRT) Plans Quarterly Dividend of $0.32

Essential Properties Realty Trust, Inc. (NYSE:EPRT) announced a quarterly dividend on Tuesday, September 8th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.32 per share on Wednesday, October 14th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Wednesday, September 30th.

Essential Properties Realty Trust has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Essential Properties Realty Trust has a dividend payout ratio of 95.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Essential Properties Realty Trust to earn $2.10 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 61.0%.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $29.88 on Wednesday. The firm’s 50-day moving average is $31.10 and its 200-day moving average is $31.42. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.40 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 8.17 and a current ratio of 8.17. Essential Properties Realty Trust has a 52-week low of $28.95 and a 52-week high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $161.89 million for the quarter, compared to analyst estimates of $156.65 million. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Equities research analysts anticipate that Essential Properties Realty Trust will post 1.97 earnings per share for the current year.

About Essential Properties Realty Trust

Essential Properties Realty Trust, Inc (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.