Essential Properties Realty Trust price target raised to $15 from $10 at Citi » 07:0407/0207/02/20
Citi analyst Michael…
Citi analyst Michael Bilerman raised the firm's price target on Essential Properties Realty Trust to $15 from $10 and keeps a Neutral rating on the shares. While remaining underweight the retail and net lease real estate investment trusts, Citi raised 12-month target prices across most of the coverage universe to reflect a lower level of risk priced into the shares in conjunction with stores re-opening.
|Over a week ago|
Essential Properties upgraded to Outperform from In Line at Evercore ISI » 05:4006/0806/08/20
Evercore ISI analyst…
Evercore ISI analyst Sheila McGrath upgraded Essential Properties Realty Trust to Outperform from In Line with a $20 price target.
|Over a month ago|
Essential Properties Realty Trust CEO sells 45K shares of common stock » 17:4705/1805/18/20
In a regulatory filing,…
In a regulatory filing, Essential Properties Realty Trust disclosed that its CEO Peter Mavoides sold 45K shares of common stock on May 14th-15th in a transaction valued at over $510K.
Essential Properties Realty Trust withdraws 2020 guidance » 06:1105/1105/11/20
The company has withdrawn…
The company has withdrawn its previously issued 2020 AFFO guidance due to the significant volatility in the capital markets and the unprecedented economic uncertainty related to the impact of COVID-19.
Essential Properties Realty Trust reports Q1 core FFO 30c, consensus 31c » 06:1105/1105/11/20
Reports Q1 revenue…
Reports Q1 revenue $41.5M, consensus $41.38M. Commenting on the first quarter 2020 results, Essential Properties' President and CEO, Pete Mavoides, said, "Our first quarter results were consistent with past quarters as our reliable execution resulted in a high percentage of our first quarter investment activity being relationship-based sale-leaseback transactions with operators of service-oriented and experience-based businesses. However, with the COVID-19 pandemic and wide-spread stay-at-home orders having a significant impact on the vast majority of our tenants, our focus has shifted away from external growth in order to stabilize our portfolio by proactively collaborating with our tenants to manage through the current crisis. While much uncertainty remains, we are confident in our portfolio's ability to produce an attractive and predictable stream of cash flow over the long-term. Our balance sheet remains in excellent shape with nearly $550 million in available liquidity at quarter-end. Coupled with our experienced team of professionals, we are well positioned to manage the current situation and position this Company for growth as we emerge."
Essential Properties downgraded to Sector Perform from Outperform at Scotiabank » 05:2304/1604/16/20
Scotiabank analyst Greg…
Scotiabank analyst Greg McGinniss downgraded Essential Properties Realty Trust to Sector Perform from Outperform with a $13 price target.
Essential Properties Realty Trust price target lowered to $10 from $26 at Citi » 05:4904/0704/07/20
Citi analyst Michael…
Citi analyst Michael Bilerman lowered the firm's price target on Essential Properties Realty Trust to $10 from $26 and keeps a Neutral rating on the shares.
|Over a quarter ago|
Essential Properties appoints Anthony Dobkin as interim CFO » 06:3103/1703/17/20
Essential Properties Realty Trust announced the election of Anthony K. Dobkin, a member of the Company's Board of Directors, as Interim CFO, effective March 17. Hillary P. Hai, the Company's former Executive Vice President, CFO and Treasurer, will leave the Company on April 30, 2020 and will facilitate the transition of the Chief Financial Officer's responsibilities to Dobkin. The Company has begun to conduct a search for a permanent CFO, and Dobkin is expected to serve as the Company's Interim CFO until such time as the Company elects a permanent CFO.
Essential Properties Realty Trust backs FY20 AFFO $1.27-$1.30, consensus $1.32 06:1703/0203/02/20
Essential Properties Realty Trust reports Q4 AFFO 30c, consensus 31c » 06:1603/0203/02/20
Reports Q4 revenue…
Reports Q4 revenue $39.21M, consensus $38.32M. Reports Q4 core FFO 32c.