Essex Property Trust Inc (ESS) Announces Quarterly Dividend of $1.30
Essex Property Trust (NYSE:ESS) declared a quarterly dividend on Wednesday, June 11th, American Banking & Market News reports. Investors of record on Monday, June 30th will be given a dividend of 1.30 per share on Tuesday, July 15th. This represents a $5.20 dividend on an annualized basis and a yield of 2.90%.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Essex Property Trust from $175.00 to $200.00 in a research note on Monday. They now have an “outperform” rating on the stock. On the ratings front, 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. Finally, 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. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $161.78.
Essex Property Trust (NYSE:ESS) traded down 0.18% on Wednesday, hitting $179.16. The stock had a trading volume of 329,344 shares. Essex Property Trust has a 52 week low of $137.53 and a 52 week high of $185.99. The stock’s 50-day moving average is $178.0 and its 200-day moving average is $164.0. The company has a market cap of $11.200 billion and a price-to-earnings ratio of 45.70.
Essex Property Trust (NYSE:ESS) last released its earnings data 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. Analysts expect that Essex Property Trust will post $7.30 EPS for the current fiscal year.
In other Essex Property Trust news, CFO Michael T. Dance unloaded 2,000 shares of the company’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $185.23, for a total transaction of $370,460.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Essex Property Trust, Inc (NYSE:ESS) operates as a self-administered and self-managed real estate investment trust (REIT).
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