Essential Properties Realty Trust Inc. (NYSE: EPRT) stock fell -1.46% on Thursday to $23.58 against a previous-day closing price of $23.93. With 0.55 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.8 million shares. During the session, the REIT – Diversified company that operates in wider Real Estate sector, reached to the highest price of $23.98 whereas the lowest price it dropped to was $23.38. The 52-week range on EPRT shows that it touched its highest point at $26.43 and its lowest point at $18.88 during that stretch. It currently has a 1-year price target of $27.66. With its current market cap of 3.51 billion, EPRT has annualized dividend of $1.10 while the current yield stands at 4.66%. Beta for the stock currently stands at 1.29.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EPRT was down-trending over the past week, with a drop of -3.64%, but this was down by -1.30% over a month. Three-month performance dropped to -8.71% while six-month performance rose 1.86%. The stock gained 6.46% in the past year, while it has gained 0.47% so far this year. A look at the trailing 12-month EPS for EPRT yields 1.07 with Next year EPS estimates of 1.02. For the next quarter, that number is 0.25. This implies an EPS growth rate of 21.10% for this year and -2.39% for next year. EPS is expected to grow by 26.82% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 56.20%.
Float and Shares Shorts:
At present, 144.41 million EPRT shares are outstanding with a float of 140.63 million shares on hand for trading. On May 14, 2023, short shares totaled 5.69 million, which was 3.82% higher than short shares on Apr 13, 2023. In addition to Mr. Peter M. Mavoides as the firm’s Pres, CEO & Director, Mr. Mark E. Patten serves as its Exec. VP, CFO, Treasurer & Sec.
Institutional Ownership:
Through their ownership of 98.67% of EPRT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 65.11% of EPRT, in contrast to 42.38% held by mutual funds. Shares owned by individuals account for 1.44%. As the largest shareholder in EPRT with 17.50% of the stake, The Vanguard Group, Inc. holds 25,255,042 shares worth 25,255,042. A second-largest stockholder of EPRT, BlackRock Fund Advisors, holds 23,089,694 shares, controlling over 16.00% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in EPRT, holding 9,167,053 shares or 6.35% stake. With a 7.17% stake in EPRT, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 10,344,141 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.34% of EPRT stock, is the second-largest Mutual Fund holder. It holds 6,257,088 shares valued at 154.86 million. Vanguard Total Stock Market ETF holds 3.30% of the stake in EPRT, owning 4,767,185 shares worth 117.99 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, EPRT reported revenue of $71.45M and operating income of $41.41M. The EBITDA in the recently reported quarter was $63.70M and diluted EPS was $0.27.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EPRT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EPRT analysts setting a high price target of $36.00 and a low target of $24.00, the average target price over the next 12 months is $27.66. Based on these targets, EPRT could surge 52.67% to reach the target high and rise by 1.78% to reach the target low. Reaching the average price target will result in a growth of 17.3% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded EPRT stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 553 shares were bought while 0 shares were sold. The number of buy transactions has increased to 10 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 194,999 while 100,557 shares were sold.
