News articles about Essex Property Trust (NYSE:ESS) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Essex Property Trust earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.9256323738987 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Several research firms have commented on ESS. BTIG Research raised Essex Property Trust from a “neutral” rating to a “buy” rating and set a $273.00 price target on the stock in a research report on Wednesday, December 13th. Citigroup raised Essex Property Trust from a “neutral” rating to a “buy” rating and set a $280.00 target price on the stock in a report on Thursday, December 14th. BMO Capital Markets reissued a “hold” rating and issued a $257.00 target price on shares of Essex Property Trust in a report on Monday, November 27th. Evercore ISI raised Essex Property Trust from an “in-line” rating to an “outperform” rating and set a $274.00 target price on the stock in a report on Monday, December 11th. Finally, JMP Securities reissued a “hold” rating on shares of Essex Property Trust in a report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $264.35.

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Shares of Essex Property Trust (NYSE ESS) traded down $0.29 during trading hours on Friday, hitting $241.42. The stock had a trading volume of 117,471 shares, compared to its average volume of 469,397. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.27 and a quick ratio of 1.27. Essex Property Trust has a twelve month low of $214.03 and a twelve month high of $270.04. The stock has a market capitalization of $15,761.84, a P/E ratio of 36.73, a P/E/G ratio of 3.25 and a beta of 0.45.

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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.00 by $0.01. The business had revenue of $345.06 million for the quarter, compared to the consensus estimate 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 prior year, the business earned $2.85 earnings per share. sell-side analysts forecast that Essex Property Trust will post 12.44 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be paid a $1.86 dividend. This is a positive change from Essex Property Trust’s previous quarterly dividend of $1.75. This represents a $7.44 annualized dividend and a yield of 3.08%. The ex-dividend date is Wednesday, March 28th. Essex Property Trust’s dividend payout ratio is presently 106.38%.

In other Essex Property Trust news, Director Gary P. Martin sold 500 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $223.43, for a total transaction of $111,715.00. Following the completion of the sale, the director now directly owns 5,736 shares in the company, valued at $1,281,594.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Glenn Olnick sold 1,600,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $0.10, for a total value of $160,000.00. Corporate insiders own 3.30% of the company’s stock.

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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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