Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Essex Property Trust (ESS) Share Price

Media coverage about Essex Property Trust (NYSE:ESS) has been trending somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Essex Property Trust earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 47.7333874750745 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have effected Accern’s rankings:

ESS has been the topic of a number of research analyst reports. Zacks Investment Research raised Essex Property Trust from a “hold” rating to a “buy” rating and set a $289.00 target price on the stock in a report on Tuesday, October 10th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $280.00 target price on shares of Essex Property Trust in a report on Wednesday, September 13th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $276.00 target price on shares of Essex Property Trust in a report on Friday, October 20th. Barclays reaffirmed a “buy” rating and issued a $283.00 target price on shares of Essex Property Trust in a report on Thursday, October 19th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $273.00 target price on shares of Essex Property Trust in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $270.63.

Shares of Essex Property Trust (ESS) traded up $0.22 during trading hours on Thursday, hitting $232.44. The stock had a trading volume of 359,000 shares, compared to its average volume of 393,560. Essex Property Trust has a one year low of $218.41 and a one year high of $270.04. The firm has a market cap of $15,340.00, a price-to-earnings ratio of 29.13, a PEG ratio of 3.09 and a beta of 0.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.83 and a quick ratio of 0.83.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, December 28th. Essex Property Trust’s payout ratio is presently 87.72%.

In other news, CEO Michael J. Schall sold 334 shares of Essex Property Trust stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $255.50, for a total transaction of $85,337.00. Following the sale, the chief executive officer now owns 45,097 shares of the company’s stock, valued at approximately $11,522,283.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig K. Zimmerman sold 167 shares of Essex Property Trust stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $255.50, for a total value of $42,668.50. Following the sale, the insider now directly owns 10,450 shares in the company, valued at approximately $2,669,975. The disclosure for this sale can be found here. Insiders have sold a total of 9,687 shares of company stock worth $2,408,772 in the last three months. 3.30% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Essex Property Trust (NYSE:ESS)

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