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Wedbush’s latest rating for EPRT stock

Essential Properties Realty Trust Inc’s recently made public that its President and CEO Mavoides Peter M. unloaded Company’s shares for reported $0.9 million on Sep 05 ’24. In the deal valued at $32.33 per share,27,817 shares were sold. As a result of this transaction, Mavoides Peter M. now holds 446,076 shares worth roughly $14.76 million.

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Then, Jenkins Robert M sold 6,372 shares, generating $185,298 in total proceeds. Upon selling the shares at $29.08, the EVP & Head of Investments now owns 23,395 shares.

Before that, Mavoides Peter M. sold 27,817 shares. Essential Properties Realty Trust Inc shares valued at $779,711 were divested by the President and CEO at a price of $28.03 per share. As a result of the transaction, Mavoides Peter M. now holds 473,893 shares, worth roughly $15.68 million.

Wedbush initiated its Essential Properties Realty Trust Inc [EPRT] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “an In-line”. Goldman began covering EPRT with “Buy” recommendation on June 28, 2024. UBS started covering the stock on May 31, 2024. It rated EPRT as “a Buy”.

Price Performance Review of EPRT

On Monday, Essential Properties Realty Trust Inc [NYSE:EPRT] saw its stock jump 0.82% to $33.08. Over the last five days, the stock has gained 2.41%. Essential Properties Realty Trust Inc shares have risen nearly 29.42% since the year began. Nevertheless, the stocks have risen 39.46% over the past one year. While a 52-week high of $32.96 was reached on 09/16/24, a 52-week low of $20.49 was recorded on 02/29/24. SMA at 50 days reached $30.54, while 200 days put it at $27.00.

Levels Of Support And Resistance For EPRT Stock

The 24-hour chart illustrates a support level at 32.82, which if violated will result in even more drops to 32.55. On the upside, there is a resistance level at 33.27. A further resistance level may holdings at 33.46. The Relative Strength Index (RSI) on the 14-day chart is 75.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.65%. Stochastics %K at 89.71% indicates the stock is a selling.

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 2024-08-30, growing by 3.26 million shares to a total of 15.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 11.85 million shares. There was a rise of 21.55%, which implies that there is a positive sentiment for the stock.

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