Essential Properties Realty Trust files automatic mixed securities shelf 08:1706/2106/21/21
|Over a week ago|
Essential Properties Realty initiated with an Outperform at Wolfe Research » 16:2306/1406/14/21
Wolfe Research analyst…
Wolfe Research analyst Andrew Rosivach initiated coverage of Essential Properties Realty Trust with an Outperform rating and $36 price target. A combination of "pre-funded" growth, potential upside from rent collection, and what should be a favorable credit environment allows the company to produce growth, Rosivach As previously reported,
Essential Properties Realty Trust increases dividend 4.2% to 25c per share » 06:5006/0306/03/21
Essential Properties Realty Trust declared a quarterly cash dividend of 25c per share of common stock for Q2. The Q2 dividend represents an annualized dividend of $1.00 per share of common stock and a 4.2% increase over the Q1 dividend. The dividend is payable on July 15 to stockholders of record as of the close of business on June 30.
Essential Properties Realty Trust raises FY21 AFFO view to $1.24-$1.28 » 06:4806/0306/03/21
Previous guidance was…
Previous guidance was $1.22-$1.26. Consensus for FY21 AFFO is $1.25.
|Over a month ago|
Essential Properties Realty Trust reports Q1 FFO 30c, consensus 28c » 16:1505/0305/03/21
Reports Q1 revenue…
Reports Q1 revenue $48.6M, consensus $46.49M. Commenting on the first quarter 2021 results, Essential Properties' President and Chief Executive Officer, Pete Mavoides, said, "We are pleased with our first quarter results, particularly the continuation of the key trends that drove our robust fourth quarter results, including the increased stability of our portfolio, strong investment activity, and attractively priced capital raising." Mr. Mavoides added, "With regards to our $198 million quarterly investment activity, 81% were prior relationship transactions and 85% were direct sale-leasebacks, which speaks to the consistency of our team and our disciplined investment approach. We remain optimistic that these favorable dynamics can continue through 2021 and beyond."
Essential Properties Realty Trust price target raised to $28 from $26 at Mizuho » 06:4304/1904/19/21
Mizuho analyst Haendel…
Mizuho analyst Haendel St. Juste raised the firm's price target on Essential Properties Realty Trust to $28 from $26 and keeps a Buy rating on the shares. A higher probability of movie theater rent collection and reversing existing bad debt allowances that were not part of original 2021 guidance warrant higher estimates, St. Juste tells investors in a research note. He believes the triple net real estate investment trust sector "deserves another look here."
Essential Properties Realty Trust 7.15M share Spot Secondary priced at $23.50 » 06:3904/1304/13/21
The deal size was…
The deal size was increased to 7.15M shares from 6.5M shares and priced within the $23.45-$24.10 range. Citi, BofA and Barclays acted as joint book running managers for the offering.
Essential Properties announces offering of 6.5M shares of common stock » 16:0804/1204/12/21
Essential Properties Realty Trust announced that it has commenced an underwritten public offering of 6.5M shares of its common stock. The company expects to use the net proceeds from the offering to repay amounts outstanding on its revolving credit facility and for general corporate purposes, including potential future investments. Citigroup, BofA Securities and Barclays are acting as the joint book-running managers of the offering.
Essential Properties Realty Trust upgraded to Buy from Underperform at BofA » 06:1504/0704/07/21
BofA analyst Joshua…
BofA analyst Joshua Dennerlein upgraded Essential Properties Realty Trust to Buy from Underperform as part of a broader research note, stating that the rating adjustments reflect repositioning within net lease with "new focus" that growth will be key to performance in 2021. The analyst states that the prior focus was on portfolio quality vis-a-vis investment grade tenancy and exposure to essential industries.
Essential Properties Realty Trust upgraded to Buy from Underperform at BofA » 06:0404/0704/07/21
BofA upgraded Essential…
BofA upgraded Essential Properties Realty Trust to Buy from Underperform.