Street Calls of the Week
Essential Properties Realty Trust, Inc. (NYSE:EPRT) announced Wednesday that it has published its 2024 Corporate Responsibility Report. According to a statement released through a Securities and Exchange Commission filing, the report is now available on the company’s website and has been furnished as an exhibit to the filing.
No additional financial results or operational updates were disclosed in the filing. The company stated that the information provided in the report and accompanying exhibit is being furnished and not filed, and therefore is not subject to certain liabilities under the Securities Exchange Act of 1934. InvestingPro analysis reveals the company maintains robust profitability with a 98.6% gross margin and healthy revenue growth of 25.1% over the last twelve months.
Essential Properties Realty Trust is a real estate investment trust incorporated in Maryland and based in Princeton, New Jersey. The company’s common stock trades on the New York Stock Exchange under the symbol EPRT.
This information is based on a press release statement included in the company’s SEC filing.
In other recent news, Essential Properties Realty Trust has announced several key developments. The company declared a quarterly cash dividend of $0.30 per share for the third quarter of 2025, translating to an annualized dividend of $1.20 per share. Essential Properties Realty Trust also closed a $400 million senior notes offering with a 5.400% interest rate due in 2035, marking their first unsecured bond offering since June 2021. The notes were issued by Essential Properties, L.P., a subsidiary of the company, and are guaranteed by Essential Properties Realty Trust, Inc.
In analyst updates, Evercore ISI upgraded the company’s stock rating from In Line to Outperform, citing a strong balance sheet and above-average funds from operations growth. The firm also raised its price target to $36.00 from $34.00. Meanwhile, Stifel maintained a Buy rating on the stock but lowered its price target slightly to $35.00 from $36.00. Despite the price target reduction, Stifel remains positive on the company’s prospects after meetings with its management team.
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