Essential Properties Realty Trust CEO Sells Shares Worth $356,000 - What Does This Mean for Investors?
In a recent transaction, Peter M. Mavoides, President and CEO of Essential Properties Realty Trust Inc. (NYSE: EPRT), sold 12,712 shares of the company's common stock, raking in over $356,000. The sale was part of a Rule 10b5-1 trading plan that Mavoides adopted in March 2024 to avoid concerns about insider trading.
Despite the sale, Mavoides still holds 500,552 shares of Essential Properties stock. Investors can request more detailed information about the sale prices from Mavoides or the company itself.
Recently, Essential Properties has garnered attention from analysts, with Goldman Sachs, UBS, Scotiabank, and B.Riley all providing positive outlooks on the company's growth potential.
InvestingPro Insights reveal that Essential Properties has a market capitalization of $4.89 billion and a Price-to-Earnings (P/E) ratio of 22.64. The company has consistently raised its dividend and analysts have revised earnings upwards, indicating strong financial performance.
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In conclusion, Essential Properties Realty Trust's recent CEO share sale, positive analyst outlook, and strong financial performance make it an attractive investment opportunity for investors looking to capitalize on the company's growth potential.