Essential Properties Realty Trust Inc (NYSE:EPRT) finished Friday with a subtraction of -$0.12 to close at $21.63, a downside of -0.55 percent. An average of 1,457,740 shares of common stock have been traded in the last five days. There was a fall of -$0.90 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 1,375,270 shares traded, while the 50-day average volume stands at 1,076,752.
EPRT stock has decreased by -10.40% in the last month. The company shares reached their 1-month lowest point of $21.32 on 09/28/23. With the stock rallying to its 52-week high on 02/28/23, shares of the company touched a low of $18.88 and a high of $26.43 in 52 weeks. It has reached a new high 12 times so far this year and lost -7.84% or -$1.84 in price. In spite of this, the price is down -18.16% from the 52-week high.
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Valuation Metrics
Essential Properties Realty Trust Inc (EPRT) has a trailing price-to-earnings (P/E) ratio of 18.79. The stock’s beta is 1.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.67, the price-to-book (PB) ratio at 1.20.
The company has a payout ratio of 108.70%. The company’s most recent quarterly dividend payment was $0.28 a share, without any change from last year. Its latest increase dividend $0.0050 reported on Monday June 12 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.51 and a total debt to equity ratio of 0.52 for the quarter ending June 29. Its gross profit as reported stood at $175.42 million compared to revenue of $286.51 million.
Earnings Surprise
For the three-month period that ended June 29, Essential Properties Realty Trust Inc had $1.03 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $52.8 million in the quarter, while revenues of $42.9 million were grew 32.48%. The analyst consensus anticipated Essential Properties Realty Trust Inc’s latest quarter earnings to come in at $0.25 per share, but it turned out to be $0.35, a 40.00% surprise. For the quarter, EBITDA amounted to $91.11 million. At the end of the quarter ending June 29, Essential Properties Realty Trust Inc’s stock balance sheet showed total debt was $1.43 billion. Shareholders own equity worth $156.01 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Essential Properties Realty Trust Inc (EPRT) price momentum. RSI 9-day as of the close on 29 September was 22.76%, suggesting the stock is oversold, with historical volatility in this time frame at 23.58%.
As of today, EPRT’s price is $21.77 -3.99% or -$0.90 from its 5-day moving average. EPRT is currently trading -9.95% lower than its 20-day SMA and -14.54% lower than its 100-day SMA. However, the stock’s current price level is -15.47% below the SMA50 and -7.25% below the SMA200.
The stochastic %K and %D were 11.75% and 8.62%, respectively, and the average true range (ATR) was 0.49. With the 14-day stochastic at 11.65% and the average true range at 0.46, the RSI (14) stands at 26.77%. The stock has reached -0.68 on the 9-day MACD Oscillator while the 14-day reading was at -1.09.
Analyst Ratings
Wells Fargo launched coverage on Essential Properties Realty Trust Inc (NYSE: EPRT) in its analyst report released on September 21, 2023. The firm assigned the stock an Overweight rating. The consensus rating for Essential Properties Realty Trust Inc (EPRT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EPRT, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.
What is EPRT’s price target for the next 12 months?
Analysts predict a range of price targets between $25.00 and $36.00, with a median target of $28.00. Taking a look at these predictions, the average price target given by analysts for Essential Properties Realty Trust Inc (EPRT) stock is $28.27.
