Weekly Research Analysts’ Ratings Changes for Essex Property Trust (ESS)

Essex Property Trust (NYSE: ESS) has recently received a number of price target changes and ratings updates:

  • 2/9/2018 – Essex Property Trust was given a new $235.00 price target on by analysts at Sandler O’Neill. They now have a “hold” rating on the stock.
  • 2/9/2018 – Essex Property Trust was upgraded by analysts at Mizuho from an “underperform” rating to a “neutral” rating. They now have a $223.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/8/2018 – Essex Property Trust was given a new $279.00 price target on by analysts at Cantor Fitzgerald. They now have a “buy” rating on the stock.
  • 1/30/2018 – Essex Property Trust had its price target lowered by analysts at Barclays PLC from $277.00 to $271.00. They now have an “overweight” rating on the stock.
  • 1/22/2018 – Essex Property Trust was upgraded by analysts at SunTrust Banks, Inc. from a “hold” rating to a “buy” rating.
  • 1/19/2018 – Essex Property Trust was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $235.00 price target on the stock, down previously from $280.00.
  • 1/12/2018 – Essex Property Trust was given a new $250.00 price target on by analysts at Sandler O’Neill. They now have a “hold” rating on the stock.
  • 1/9/2018 – Essex Property Trust had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $250.00 price target on the stock.
  • 1/8/2018 – Essex Property Trust had its “underperform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 1/3/2018 – Essex Property Trust was upgraded by analysts at Mitsubishi UFJ Financial Group from a “neutral” rating to an “overweight” rating.
  • 1/3/2018 – Essex Property Trust was upgraded by analysts at Citigroup Inc to an “overweight” rating. They now have a $278.00 price target on the stock, up previously from $253.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 12/27/2017 – Essex Property Trust had its “hold” rating reaffirmed by analysts at JMP Securities.
  • 12/14/2017 – Essex Property Trust was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a $280.00 price target on the stock.

Shares of Essex Property Trust Inc (NYSE ESS) traded down $5.57 during midday trading on Monday, hitting $222.37. The stock had a trading volume of 247,127 shares, compared to its average volume of 441,165. Essex Property Trust Inc has a twelve month low of $214.03 and a twelve month high of $270.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $15,056.35, a PE ratio of 33.79, a PEG ratio of 2.93 and a beta of 0.42.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $3.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.00 by $0.01. The business had revenue of $345.06 million during the quarter, compared to analysts’ expectations of $346.50 million. Essex Property Trust had a return on equity of 6.76% and a net margin of 31.75%. During the same period in the previous year, the firm posted $2.85 earnings per share. analysts expect that Essex Property Trust Inc will post 12.45 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a $1.75 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $7.00 dividend on an annualized basis and a yield of 3.15%. Essex Property Trust’s dividend payout ratio (DPR) is presently 106.38%.

In related news, EVP John D. Eudy sold 1,700 shares of Essex Property Trust stock in a transaction on Monday, December 11th. The stock was sold at an average price of $247.24, for a total value of $420,308.00. Following the completion of the transaction, the executive vice president now directly owns 10,130 shares in the company, valued at $2,504,541.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael J. Schall sold 4,801 shares of Essex Property Trust stock in a transaction on Monday, December 11th. The shares were sold at an average price of $247.37, for a total value of $1,187,623.37. Following the completion of the transaction, the chief executive officer now owns 49,564 shares of the company’s stock, valued at $12,260,646.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,102 shares of company stock valued at $2,003,715. 3.30% of the stock is currently owned by company insiders.

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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