Press coverage about Essex Property Trust (NYSE:ESS) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Essex Property Trust earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.9999541622796 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Connie Moore Has Been Appointed As A Member Of The Board Of Directors For Columbia Property Trust (NYSE: CXP). (Photo: Business Wire) (thestreet.com)
- Burbank Apartment Complex Sells for $59M (labusinessjournal.com)
- Essex Property Trust, Inc. (ESS) CFO Sells $21,462.00 in Stock (americanbankingnews.com)
- Insider Selling: Essex Property Trust, Inc. (ESS) Insider Sells 167 Shares of Stock (americanbankingnews.com)
- Essex Property Trust, Inc. (ESS) CEO Michael J. Schall Sells 334 Shares (americanbankingnews.com)
Essex Property Trust (NYSE:ESS) opened at $256.82 on Wednesday. The firm has a market capitalization of $17,079.16, a PE ratio of 22.10, a P/E/G ratio of 3.66 and a beta of 0.54. Essex Property Trust has a 12 month low of $208.92 and a 12 month high of $270.04. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.83 and a quick ratio of 0.83.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $1.75 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $7.00 dividend on an annualized basis and a yield of 2.73%. Essex Property Trust’s dividend payout ratio is currently 87.61%.
A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada restated a “buy” rating on shares of Essex Property Trust in a research note on Sunday. Cantor Fitzgerald restated a “buy” rating and set a $279.00 price objective on shares of Essex Property Trust in a research note on Wednesday, November 8th. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Essex Property Trust in a research note on Friday, November 3rd. Mizuho cut shares of Essex Property Trust from a “neutral” rating to an “underperform” rating and set a $250.00 price objective on the stock. in a research note on Monday, November 6th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $270.00 price objective on shares of Essex Property Trust in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $266.87.
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In other Essex Property Trust news, insider Craig K. Zimmerman sold 167 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $267.02, for a total transaction of $44,592.34. Following the completion of the sale, the insider now directly owns 10,450 shares in the company, valued at approximately $2,790,359. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela L. Kleiman sold 2,466 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $263.37, for a total value of $649,470.42. Following the sale, the insider now owns 9,643 shares of the company’s stock, valued at $2,539,676.91. The disclosure for this sale can be found here. Insiders sold a total of 11,065 shares of company stock worth $2,924,428 in the last three months. 3.30% of the stock is currently owned by company insiders.
Essex Property Trust Company Profile
Essex Property Trust, Inc is a self-administered and self-managed real estate investment trust. The Company is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of predominantly apartment communities, located along the West Coast. Its segments include Southern California, Northern California, Seattle Metro and Other real estate assets.
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