Essex Property Trust (ESS) Receiving Somewhat Positive News Coverage, Analysis Shows

News articles about Essex Property Trust (NYSE:ESS) have trended somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Essex Property Trust earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.0317239788827 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Essex Property Trust (NYSE ESS) traded down $1.03 on Wednesday, reaching $241.96. 573,334 shares of the company traded hands, compared to its average volume of 346,376. Essex Property Trust has a 1-year low of $213.93 and a 1-year 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 company has a market capitalization of $16,263.60, a PE ratio of 21.05, a price-to-earnings-growth ratio of 3.32 and a beta of 0.50.

Several equities analysts recently commented on ESS shares. Raymond James Financial downgraded shares of Essex Property Trust from an “outperform” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Wednesday, August 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $276.00 price target (up from $267.00) on shares of Essex Property Trust in a research note on Sunday, August 13th. Morgan Stanley upped their price target on shares of Essex Property Trust from $260.00 to $267.00 and gave the company an “overweight” rating in a research note on Wednesday, August 16th. Barclays restated an “overweight” rating and issued a $280.00 price target (up from $269.00) on shares of Essex Property Trust in a research note on Monday, August 21st. Finally, BidaskClub upgraded shares of Essex Property Trust from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $269.50.

In other news, Director Gary P. Martin sold 1,000 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $255.59, for a total value of $255,590.00. Following the completion of the transaction, the director now owns 6,236 shares of the company’s stock, valued at $1,593,859.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael J. Schall sold 333 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $257.92, for a total transaction of $85,887.36. Following the completion of the transaction, the chief executive officer now directly owns 45,096 shares of the company’s stock, valued at approximately $11,631,160.32. The disclosure for this sale can be found here. Insiders have sold 2,334 shares of company stock valued at $599,759 in the last ninety days. 3.30% of the stock is currently owned by company insiders.

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About Essex Property Trust

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.

Insider Buying and Selling by Quarter for Essex Property Trust (NYSE:ESS)

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