The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Essential Properties Realty Trust Inc. shares valued at $20,760 were purchased by Patten Mark E on Jun 15. At $20.76 per share, Patten Mark E acquired 1,000 shares. The insider’s holdings grew to 84,453 shares worth approximately $1.85 million following the completion of this transaction.
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Also, Mavoides Peter M. purchased 20,000 shares, netting a total of over 413,600 in proceeds. Following the buying of shares at $20.68 each, the insider now holds 459,170 shares.
Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late August. Earlier on May 25, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for EPRT stock which previously was a “a Buy”.
Analyzing EPRT’s Price Performance
On Wednesday, Essential Properties Realty Trust Inc. [NYSE: EPRT] plunged -1.80% to $21.88. The stock’s lowest price that day was $21.88, but it reached a high of $22.64 in the same session. During the last five days, there has been a drop of approximately -0.73%. Over the course of the year, Essential Properties Realty Trust Inc. shares have dropped approximately -24.11%. Shares of the company reached a 52-week high of $29.60 on 01/04/22 and a 52-week low of $19.73 on 06/14/22. A 50-day SMA is recorded $23.26, while a 200-day SMA reached $24.43. Nevertheless, trading volume fell to 1.25 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Essential Properties Realty Trust Inc. (EPRT)
According to the 24-hour chart, there is a support level at 21.63, which, if violated, would cause prices to drop to 21.37. In the upper region, resistance lies at 22.39. The next price resistance is at 22.89. RSI (Relative Strength Index) is 40.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 72.99%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Essential Properties Realty Trust Inc. subject to short interest?
Stocks of Essential Properties Realty Trust Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.32 million shares to 3.41 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.09 million shares. A jump of 9.38% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.49 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.49.
Which companies own the most shares of Essential Properties Realty Trust Inc. (EPRT)?
According to The Vanguard Group, Inc. filings, the company currently owns 21,088,886 shares, which is about 14.93% of the total EPRT shares outstanding. The investor’s shares have appreciated by 1,451,065 from its previous 13-F filing of 19637821.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $475,557,275. Wellington Management Co. LLP reduced a -0.58% interest valued at $250.27 million while SSgA Funds Management, Inc. purchased a 496,224 stake. A total of 0 shares of Essential Properties Realty Trust Inc. were bought by PGGM Vermogensbeheer BV during the quarter, and -301,841 were sold by RREEF America LLC. In its current portfolio, T. Rowe Price Associates, Inc. holds 3,389,904 shares valued at $76.75 million.
In terms of Essential Properties Realty Trust Inc. share price expectations, FactSet research, analysts set an average price target of $27.00 in the next 12 months, up nearly 21.18% from the previous closing price of $22.28. Analysts anticipate Essential Properties Realty Trust Inc. stock to reach $36.00 by 2022, with the lowest price target being $22.00. In spite of this, 13 analysts ranked Essential Properties Realty Trust Inc. stock as an Overweight at the end of 2022. On January 20, 2022, Mizuho assigned a price target of “a Neutral” to the stock and downgraded coverage with a $28.