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

A number of research firms have changed their ratings and price targets for Essex Property Trust (NYSE: ESS):

  • 2/21/2018 – Essex Property Trust was given a new $264.00 price target on by analysts at Cantor Fitzgerald. They now have a “buy” rating on the stock.
  • 2/20/2018 – Essex Property Trust had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $251.00 price target on the stock, down previously from $263.00.
  • 2/13/2018 – Essex Property Trust had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $252.00 price target on the stock.
  • 2/13/2018 – Essex Property Trust was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating. They now have a $284.00 price target on the stock, up previously from $227.85.
  • 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.
  • 2/9/2018 – 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.
  • 2/8/2018 – 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.

Essex Property Trust Inc (ESS) opened at $221.59 on Friday. Essex Property Trust Inc has a fifty-two week low of $214.03 and a fifty-two week 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 company has a market cap of $14,630.00, a PE ratio of 33.73, a PEG ratio of 3.06 and a beta of 0.42.

How to Become a New Pot Stock Millionaire

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 Thomson Reuters’ consensus estimate of $3.00 by $0.01. The firm had revenue of $345.06 million for the quarter, compared to the consensus estimate of $346.50 million. Essex Property Trust had a net margin of 31.75% and a return on equity of 6.76%. During the same period last year, the firm posted $2.85 EPS. analysts anticipate that Essex Property Trust Inc will post 12.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be given a $1.86 dividend. The ex-dividend date is Wednesday, March 28th. This is an increase from Essex Property Trust’s previous quarterly dividend of $1.75. This represents a $7.44 annualized dividend and a yield of 3.36%. Essex Property Trust’s dividend payout ratio (DPR) is currently 106.54%.

In related news, Director Gary P. Martin sold 500 shares of Essex Property Trust stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $223.43, for a total value of $111,715.00. Following the sale, the director now directly owns 5,736 shares in the company, valued at approximately $1,281,594.48. The sale was disclosed in a legal filing 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 dated Monday, December 11th. The shares were sold at an average price of $247.37, for a total transaction of $1,187,623.37. Following the completion of the sale, the chief executive officer now owns 49,564 shares in the company, valued at $12,260,646.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,602 shares of company stock worth $2,115,430. 3.30% of the stock is currently owned by 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.

Receive News & Ratings for Essex Property Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essex Property Trust Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit