Long Position on EPRT @ $25.75 on 12/3/2019 (Momentum)

Essential Properties Realty Trust, Inc. (EPRT) acquires, owns, and manages single-tenant properties in the United States.

The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.

As of December 31, 2018, it had a portfolio of 677 properties.

The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Shares are heading higher in an upward trading channel. Currently, shares are at the lower boundary of the said channel. The lower boundary of the trading channel coincides with the stock's 30-day moving average.

Higher share prices are expected for this stock.

Entry Point: $25.75

Stop Loss: $24.40

Trading Range: $13.06 - $27.10

Target Price: $28.35

Updates

12/31/2019 3:40:35 PM

Closed at $25.75

Position closed on 12/31/2019 at price of $25.75 with a 0.00% gain in 28 days.

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