Essential Properties Realty Trust Inc [EPRT] President and CEO makes an insider sale of 17,618 shares worth 438,688.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Essential Properties Realty Trust Inc shares valued at $438,688 were sold by Mavoides Peter M. on Feb 01. At $24.90 per share, Mavoides Peter M. sold 17,618 shares. The insider’s holdings dropped to 353,303 shares worth approximately $8.55 million following the completion of this transaction.

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Also, Mavoides Peter M. sold 5,494 shares, netting a total of over 143,119 in proceeds. Following the sale of shares at $26.05 each, the insider now holds 414,506 shares.

Before that, Mavoides Peter M. had sold 17,618 shares from its account. In a trade valued at $449,259, the President and CEO traded Essential Properties Realty Trust Inc shares for $25.50 each. Upon closing the transaction, the insider’s holdings decreased to 17,618 shares, worth approximately $10.16 million.

As published in their initiating research note from BMO Capital Markets on February 13, 2024, Essential Properties Realty Trust Inc [EPRT] has been an Outperform and the price target has been revised to $29.

Analyzing EPRT Stock Performance

During the last five days, there has been a drop of approximately -0.74%. Over the course of the year, Essential Properties Realty Trust Inc shares have dropped approximately -5.36%. Shares of the company reached a 52-week high of $26.39 on 01/10/24 and a 52-week low of $23.82 on 02/13/24. A 50-day SMA is recorded $25.19, while a 200-day SMA reached $23.94. Nevertheless, trading volume fell to 1.38 million shares from 1.09 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 24.00, which, if violated, would cause prices to drop to 23.80. In the upper region, resistance lies at 24.36. The next price resistance is at 24.52. RSI (Relative Strength Index) is 40.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 75.82%, 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 Jan 31, 2024 jumping by 0.28 million shares to 6.24 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2023 was 5.96 million shares. A jump of 4.49% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.51 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.51.

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