Essex Property Trust CFO Unloads $370,460 in Stock (ESS)
Essex Property Trust (NYSE:ESS) CFO Michael T. Dance unloaded 2,000 shares of Essex Property Trust stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $185.23, for a total value of $370,460.00. Following the completion of the sale, the chief financial officer now directly owns 4,518 shares of the company’s stock, valued at approximately $836,869. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Essex Property Trust (NYSE:ESS) traded down 0.39% on Friday, hitting $184.53. The stock had a trading volume of 309,743 shares. Essex Property Trust has a one year low of $137.53 and a one year high of $185.40. The stock has a 50-day moving average of $177. and a 200-day moving average of $163.2. The company has a market cap of $11.536 billion and a price-to-earnings ratio of 47.17.
Essex Property Trust (NYSE:ESS) last announced its earnings results on Wednesday, May 7th. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.23. During the same quarter in the previous year, the company posted $1.87 earnings per share. On average, analysts predict that Essex Property Trust will post $7.32 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Essex Property Trust from $179.00 to $184.00 in a research note on Friday, May 30th. They now have an “overweight” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Essex Property Trust from $168.00 to $188.00 in a research note on Wednesday, May 14th. They now have a “sector perform” rating on the stock. Finally, analysts at MLV & Co
raised their price target on shares of Essex Property Trust to $191.00 in a research note on Friday, May 9th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $159.00.
Essex Property Trust, Inc (NYSE:ESS) operates as a self-administered and self-managed real estate investment trust (REIT).
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