A company insider recently sold 5,494 shares of Essential Properties Realty Trust Inc [EPRT]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Essential Properties Realty Trust Inc shares valued at $143,119 were sold by Mavoides Peter M. on Jan 08. At $26.05 per share, Mavoides Peter M. sold 5,494 shares. The insider’s holdings dropped to 414,506 shares worth approximately $10.33 million following the completion of this transaction.

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Also, Mavoides Peter M. sold 17,618 shares, netting a total of over 449,259 in proceeds. Following the sale of shares at $25.50 each, the insider now holds 420,000 shares.

Before that, Mavoides Peter M. had sold 21,980 shares from its account. In a trade valued at $571,920, the President and CEO traded Essential Properties Realty Trust Inc shares for $26.02 each. Upon closing the transaction, the insider’s holdings decreased to 21,980 shares, worth approximately $10.9 million.

As published in their initiating research note from B. Riley Securities on November 30, 2023, Essential Properties Realty Trust Inc [EPRT] has been a Buy and the price target has been revised to $27.50.

Analyzing EPRT Stock Performance

During the last five days, there has been a surge of approximately 1.05%. Over the course of the year, Essential Properties Realty Trust Inc shares have dropped approximately -2.54%. Shares of the company reached a 52-week high of $26.39 on 01/10/24 and a 52-week low of $24.38 on 01/19/24. A 50-day SMA is recorded $25.01, while a 200-day SMA reached $23.92. Nevertheless, trading volume fell to 1.4 million shares from 0.84 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 24.62, which, if violated, would cause prices to drop to 24.34. In the upper region, resistance lies at 25.27. The next price resistance is at 25.64. RSI (Relative Strength Index) is 46.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 70.72%, 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 steep in short interest on Jan 11, 2024 dropping by -2.7 million shares to 4.94 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2023 was 7.64 million shares. A decline of -54.66% 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) decline to 3.49.

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