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.
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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.
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