Essex Property Trust (ESS) Receives Daily Media Impact Rating of 0.13
News headlines about Essex Property Trust (NYSE:ESS) have been trending somewhat positive on Tuesday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Essex Property Trust earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.699282681243 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
- Brokers Offer Predictions for Essex Property Trust, Inc.’s FY2017 Earnings (ESS) (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Essex Property Trust Inc. (finance.yahoo.com)
- Essex Property Trust, Inc. to Post Q3 2017 Earnings of $2.94 Per Share, SunTrust Banks Forecasts (ESS) (americanbankingnews.com)
- Colony Capital (CLNY) vs. Essex Property Trust (NYSE:ESS) Head to Head Review (americanbankingnews.com)
- Royal Bank Of Canada Reaffirms “Buy” Rating for Essex Property Trust, Inc. (ESS) (americanbankingnews.com)
Shares of Essex Property Trust (NYSE:ESS) traded up 0.61% on Tuesday, hitting $265.08. 444,893 shares of the stock traded hands. Essex Property Trust has a 52-week low of $200.01 and a 52-week high of $268.97. The firm has a market cap of $17.49 billion, a PE ratio of 34.09 and a beta of 0.52. The firm has a 50 day moving average price of $260.44 and a 200 day moving average price of $246.50.
Essex Property Trust (NYSE:ESS) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $2.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.92 by $0.05. The firm had revenue of $339.06 million for the quarter, compared to the consensus estimate of $336.17 million. Essex Property Trust had a return on equity of 8.03% and a net margin of 38.33%. During the same quarter in the previous year, the company posted $2.74 EPS. On average, equities analysts forecast that Essex Property Trust will post $5.95 EPS for the current year.
ESS has been the topic of a number of recent analyst reports. Canaccord Genuity set a $255.00 target price on shares of Essex Property Trust and gave the company a “hold” rating in a research note on Monday, May 1st. Cantor Fitzgerald reiterated a “buy” rating and set a $278.00 price target on shares of Essex Property Trust in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Essex Property Trust from a “sell” rating to a “hold” rating in a research report on Monday, April 24th. Barclays PLC increased their price target on shares of Essex Property Trust from $267.00 to $269.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Finally, BTIG Research cut shares of Essex Property Trust from a “buy” rating to a “neutral” rating in a research report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $264.15.
In other news, insider John D. Eudy sold 166 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $253.79, for a total transaction of $42,129.14. Following the transaction, the insider now owns 8,596 shares of the company’s stock, valued at approximately $2,181,578.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John D. Eudy sold 167 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $263.97, for a total value of $44,082.99. Following the transaction, the insider now directly owns 8,597 shares in the company, valued at approximately $2,269,350.09. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,690 shares of company stock worth $1,717,142. Corporate insiders own 3.30% of the company’s stock.
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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