Essex Property Trust Inc (ESS) CFO Angela L. Kleiman Sells 600 Shares
Essex Property Trust Inc (NYSE:ESS) CFO Angela L. Kleiman sold 600 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $247.16, for a total value of $148,296.00. Following the completion of the sale, the chief financial officer now owns 7,777 shares in the company, valued at approximately $1,922,163.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Essex Property Trust Inc (ESS) traded down $0.01 during trading on Tuesday, reaching $249.15. The company’s stock had a trading volume of 368,687 shares, compared to its average volume of 347,594. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.88. Essex Property Trust Inc has a 1-year low of $216.71 and a 1-year high of $270.04. The stock has a market cap of $16,133.51, a price-to-earnings ratio of 20.88, a PEG ratio of 3.30 and a beta of 0.50.
A number of equities research analysts recently commented on the company. Stifel Nicolaus assumed coverage on Essex Property Trust in a research report on Friday, September 1st. They issued a “buy” rating and a $294.00 target price on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $280.00 target price on shares of Essex Property Trust in a research report on Wednesday, September 13th. Robert W. Baird reiterated a “buy” rating and issued a $273.00 target price on shares of Essex Property Trust in a research report on Tuesday, September 12th. BidaskClub upgraded Essex Property Trust from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. Finally, Morgan Stanley upped their target price on Essex Property Trust from $260.00 to $267.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $270.43.
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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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