Essex Property Trust (ESS) Earns News Impact Score of 0.09
News stories about Essex Property Trust (NYSE:ESS) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Essex Property Trust earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 45.0560960880425 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Essex Property Trust (NYSE:ESS) traded up $0.40 during trading hours on Friday, reaching $250.37. The company’s stock had a trading volume of 81,842 shares, compared to its average volume of 343,791. Essex Property Trust has a 12 month low of $211.04 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 stock has a market capitalization of $16,610.00, a P/E ratio of 21.36, a P/E/G ratio of 3.37 and a beta of 0.54.
A number of equities analysts have weighed in on the company. Robert W. Baird reissued a “buy” rating and set a $273.00 price objective on shares of Essex Property Trust in a research note on Tuesday, October 17th. SunTrust Banks, Inc. reissued a “hold” rating and set a $270.00 price objective on shares of Essex Property Trust in a research note on Friday, November 3rd. Mizuho downgraded Essex Property Trust from a “neutral” rating to an “underperform” rating and set a $250.00 target price on the stock. in a research report on Monday, November 6th. Barclays PLC restated a “buy” rating and issued a $283.00 target price on shares of Essex Property Trust in a research report on Thursday, October 19th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $276.00 target price on shares of Essex Property Trust in a research report on Friday, October 20th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $269.36.
In related news, Director Gary P. Martin sold 1,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $255.59, for a total value of $255,590.00. Following the sale, the director now owns 6,236 shares in the company, valued at approximately $1,593,859.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Craig K. Zimmerman sold 167 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $267.02, for a total value of $44,592.34. Following the completion of the sale, the insider now owns 10,450 shares in the company, valued at approximately $2,790,359. The disclosure for this sale can be found here. Insiders sold a total of 2,334 shares of company stock worth $599,759 in the last quarter. Company insiders own 3.30% of the company’s stock.
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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