Essential Properties Realty Trust Inc (EPRT) currently boasts a market cap of $4.33 billion as of March 13, 2024. The eagerly anticipated earnings report for Essential Properties Realty Trust Inc is scheduled for April 24, 2024, just 42 days away. In the previous quarter, the company exceeded expectations by reporting earnings of $0.31 per share, surpassing the consensus estimate by $0.04. Market analysts believe that Essential Properties Realty Trust Inc is undervalued according to assessments from Wall Street. The company offers a quarterly dividend of $0.28, resulting in an annual dividend yield of 4.49%. Following the last earnings report, the stock price saw a 1.447% increase. A notable shareholder of Essential Properties Realty Trust Inc is AEW Capital Management, L.P., which holds shares valued at $41 million.
EPRT Stock Shows Positive Momentum and Strong Performance on March 13, 2024
On March 13, 2024, EPRT stock showed positive momentum as it traded near the top of its 52-week range and above its 200-day simple moving average. This indicates that the stock has been performing well over the long term and is currently in an upward trend.
The price of EPRT shares increased by $0.16 since the market last closed, representing a 0.63% rise. The stock opened at $25.45, which was $0.05 lower than its previous close. Despite the slight dip at the opening, the stock quickly rebounded and continued to climb throughout the day.
Investors may be optimistic about EPRT’s future prospects, as the stock’s strong performance on March 13th suggests that there is positive sentiment surrounding the company. The upward movement in the stock price indicates that investors are confident in EPRT’s ability to deliver strong financial results and potentially generate returns for shareholders.
EPRT Stock Analysis: Strong Financial Performance Signals Growth Potential for Investors
On March 13, 2024, EPRT stock showed strong performance based on the financial data provided by CNN Money. The company reported a total revenue of $359.95 million for the past year, which represents a 25.62% increase compared to the previous year. Similarly, the net income for the past year was $190.71 million, showing a significant increase of 42.18% compared to the previous year. The earnings per share (EPS) for the past year were $1.24, representing a 25.8% increase compared to the previous year. Overall, EPRT stock demonstrated strong financial performance with increases in total revenue, net income, and earnings per share. Investors may view these positive financial indicators as a sign of the company’s growth and profitability. Investors and analysts may closely monitor EPRT stock to assess its future performance and potential for further growth. The company’s ability to maintain and potentially increase its revenue, net income, and earnings per share will be key factors in determining its stock performance in the coming quarters.
