Essential Properties Realty Trust Inc’s filing revealed that its President and CEO Mavoides Peter M. unloaded Company’s shares for reported $0.24 million on Mar 26 ’24. In the deal valued at $26.01 per share,9,188 shares were sold. As a result of this transaction, Mavoides Peter M. now holds 554,904 shares worth roughly $14.17 million.
Then, Mavoides Peter M. sold 1,700 shares, generating $44,268 in total proceeds. Upon selling the shares at $26.04, the President and CEO now owns 564,092 shares.
Before that, Mavoides Peter M. sold 100 shares. Essential Properties Realty Trust Inc shares valued at $2,600 were divested by the President and CEO at a price of $26.00 per share. As a result of the transaction, Mavoides Peter M. now holds 565,792 shares, worth roughly $14.44 million.
Citigroup upgraded its Essential Properties Realty Trust Inc [EPRT] rating to a Buy from a a Neutral in a research note published on March 22, 2024; the price target was increased to $28.50 from $25. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in mid February with a ‘”an Outperform”‘ rating. B. Riley Securities began covering EPRT with “Buy” recommendation on November 30, 2023. Wells Fargo started covering the stock on September 21, 2023. It rated EPRT as “an Overweight”.
Price Performance Review of EPRT
On Friday, Essential Properties Realty Trust Inc [NYSE:EPRT] saw its stock jump 0.24% to $25.53. Over the last five days, the stock has lost -4.24%. Essential Properties Realty Trust Inc shares have fallen nearly -0.12% since the year began. Nevertheless, the stocks have risen 4.33% over the past one year. While a 52-week high of $26.77 was reached on 03/28/24, a 52-week low of $20.49 was recorded on 02/29/24. SMA at 50 days reached $24.99, while 200 days put it at $24.04. A total of 0.63 million shares were traded, compared to the trading of 0.96 million shares in the previous session.
Levels Of Support And Resistance For EPRT Stock
The 24-hour chart illustrates a support level at 25.30, which if violated will result in even more drops to 25.06. On the upside, there is a resistance level at 25.69. A further resistance level may holdings at 25.84. The Relative Strength Index (RSI) on the 14-day chart is 51.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.02%. Stochastics %K at 25.81% indicates the stock is a holding.
How much short interest is there in Essential Properties Realty Trust Inc?
A steep rise in short interest was recorded in Essential Properties Realty Trust Inc stocks on Mar 15, 2024, growing by 4.77 million shares to a total of 11.01 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.24 million shares. There was a rise of 43.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.49% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.98.
The most recent change occurred on June 14, 2023 when Exane BNP Paribas began covering the stock and recommended ‘”an Outperform”‘ rating along with a $29 price target.
