Director Stephen D. Sautel of Essential Properties Realty Trust , Inc. (NYSE:EPRT) has sold a significant portion of his holdings in the company, according to recent filings. On May 6 and May 7, Sautel sold a total of 35,000 shares of common stock, generating over $951,150 in proceeds.
The transactions were executed in multiple parts, with prices for the shares ranging from $27.04 to $27.15 on May 6, and from $27.30 to $27.47 on May 7. These sales resulted in Sautel's direct ownership in the company being reduced to 237,492 shares following the transactions.
The weighted average selling price on May 6 was reported at $27.09, with the total number of shares sold that day reaching 25,000. The following day, Sautel disposed of an additional 10,000 shares at a weighted average price of $27.39. These sales reflect a slight price increase from the previous day's transactions.
Investors often monitor insider trading activities, such as the buying and selling of shares by company directors, for insights into the company's performance and the confidence that executives have in the firm's prospects. The recent sales by Sautel may draw particular interest from the market as they represent a notable change in his investment in Essential Properties Realty Trust.
The company, which operates in the real estate investment trusts industry, has not issued any official statement regarding these transactions. Meanwhile, shareholders and potential investors in Essential Properties Realty Trust can access full details of the sales, including the number of shares sold at each price point, upon request.
The stock of Essential Properties Realty Trust, Inc. continues to be actively traded on the New York Stock Exchange under the ticker symbol "EPRT."
InvestingPro Insights
As investors digest the news of Director Stephen D. Sautel's recent stock sale of Essential Properties Realty Trust (NYSE:EPRT), it's crucial to consider the company's financial health and market performance. Here are some key metrics and insights from InvestingPro that provide a broader context.
Essential Properties Realty Trust currently holds a market capitalization of approximately $4.75 billion USD. The company's revenue has shown robust growth over the last twelve months as of Q1 2024, with a notable increase of 26.44%. This growth trajectory is underscored by the company's gross profit margin, which stands at an impressive 98.75% for the same period.
InvestingPro Tips highlight that EPRT has consistently raised its dividend for six consecutive years, signaling a commitment to returning value to shareholders. Additionally, analysts predict that the company will maintain profitability this year, which aligns with the company's strong operating income margin of 62.28%.
While the company's P/E ratio is currently at 21.86, indicating a premium valuation relative to near-term earnings growth, the company's liquid assets exceed its short-term obligations, suggesting financial stability. Moreover, EPRT is trading near its 52-week high, with the price at a close proximity of 98.22% to the high, reflecting investor confidence in the stock.
For investors seeking more in-depth analysis and additional InvestingPro Tips, such as the company's anticipated sales growth in the current year or its high P/E ratio in relation to earnings growth, further details can be found at InvestingPro. In total, there are seven additional InvestingPro Tips available for Essential Properties Realty Trust. And for those interested in a yearly or biyearly Pro and Pro+ subscription, use the coupon code PRONEWS24 to get an additional 10% off.
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