Skip to content
My house is my palace

My house is my palace

Gladys J. Bell

Primary Menu
  • Home Improvement
  • News home
  • elite housing
  • residential
  • apartment
  • real estate
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Home
  • Insider Selling: Essex Property Trust, Inc. (NYSE:ESS) CEO Sells 12,132 Shares of Stock
  • property

Insider Selling: Essex Property Trust, Inc. (NYSE:ESS) CEO Sells 12,132 Shares of Stock

By Gladys J. Bell 3 years ago

[ad_1]

Essex Property Trust logoEssex Property Trust, Inc. (NYSE:ESS – Get Rating) CEO Michael J. Schall sold 12,132 shares of Essex Property Trust stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $349.19, for a total value of $4,236,373.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE:ESS traded down $5.78 during trading on Wednesday, reaching $348.72. 306,766 shares of the stock were exchanged, compared to its average volume of 338,716. Essex Property Trust, Inc. has a 12 month low of $271.51 and a 12 month high of $359.49. The firm has a market cap of $22.70 billion, a PE ratio of 47.50, a PEG ratio of 4.06 and a beta of 0.74. The stock has a 50-day moving average price of $330.10 and a 200-day moving average price of $335.97. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.02.

Essex Property Trust (NYSE:ESS – Get Rating) last released its quarterly earnings results on Wednesday, February 2nd. The real estate investment trust reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $3.24 by ($1.14). Essex Property Trust had a net margin of 33.91% and a return on equity of 6.60%. During the same quarter last year, the company earned $3.02 earnings per share. On average, sell-side analysts expect that Essex Property Trust, Inc. will post 13.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st will be given a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.52%. This is an increase from Essex Property Trust’s previous quarterly dividend of $2.09. The ex-dividend date is Wednesday, March 30th. Essex Property Trust’s payout ratio is presently 111.32%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in Essex Property Trust by 3.8% during the fourth quarter. BlackRock Inc. now owns 6,686,520 shares of the real estate investment trust’s stock valued at $2,355,194,000 after purchasing an additional 242,033 shares in the last quarter. Cohen & Steers Inc. raised its position in Essex Property Trust by 8.9% during the third quarter. Cohen & Steers Inc. now owns 5,535,111 shares of the real estate investment trust’s stock valued at $1,769,943,000 after purchasing an additional 450,710 shares in the last quarter. State Street Corp raised its position in Essex Property Trust by 4.8% during the fourth quarter. State Street Corp now owns 4,902,579 shares of the real estate investment trust’s stock valued at $1,736,904,000 after purchasing an additional 224,989 shares in the last quarter. Principal Financial Group Inc. raised its position in Essex Property Trust by 0.7% during the fourth quarter. Principal Financial Group Inc. now owns 2,825,512 shares of the real estate investment trust’s stock valued at $993,858,000 after purchasing an additional 19,073 shares in the last quarter. Finally, Norges Bank acquired a new position in Essex Property Trust during the fourth quarter valued at approximately $721,012,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

A number of analysts recently issued reports on the company. Truist Financial lowered their target price on Essex Property Trust from $378.00 to $370.00 and set a “buy” rating on the stock in a research report on Monday, March 21st. Barclays lifted their target price on Essex Property Trust from $335.00 to $367.00 in a research report on Tuesday, January 18th. Morgan Stanley reduced their price target on Essex Property Trust from $351.00 to $335.00 and set an “equal weight” rating for the company in a report on Tuesday, February 15th. JMP Securities reiterated a “hold” rating on shares of Essex Property Trust in a report on Tuesday, December 7th. Finally, KeyCorp lifted their price target on Essex Property Trust from $363.00 to $371.00 and gave the stock an “overweight” rating in a report on Thursday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $353.06.

Essex Property Trust Company Profile (Get Rating)

Essex Property Trust, Inc operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.

See Also

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

Want More Great Investing Ideas?

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

[ad_2]

Source link

Tags: J Beard Real Estate, J Michael Real Estate, J Philip Real Estate, J Real Estate Commission, J Real Estate Finance Econ, J Real Estate Inc, J Scott Real Estate, J&B Real Estate, K Real Estate Blenheim, K Real Estate Group, K Real Estate Group Cape Town, K Real Estate Llc, K Real Estate Logo, K Real Estate New Zealand, K Real Estate Specialists, K Real Estate Utah, L Brooks Real Estate, L Catterton Real Estate, L Cooper Real Estate, L Real Estate Lvmh, L&K Real Estate, L&M Real Estate, L&T Real Estate, L'Agence Real Estate, Real Estate Job Description, Real Estate Jobs In Memphis Tn, Real Estate Jobs Oxford Ms, Real Estate Jonesboro Ar, Real Estate Kalispell Mt, Real Estate Kauai, Real Estate Keller Williams, Real Estate Kentucky, Real Estate Key Lock Box, Real Estate Key West, Real Estate Knowledge, Real Estate Knoxville Tn, Real Estate Lawyer, Real Estate Lawyer Near Me, Real Estate License Arkansas, Real Estate License Memphis, Real Estate License Mississippi, Real Estate License Nashville, Real Estate Market, Real Estate Market 2022, Real Estate Mart, Real Estate Mart Of Tn, Real Estate Memphis, Real Estate Millington Tn, Real Estate Mississippi

Continue Reading

Previous BNP Paribas AM acquires majority stake in Dynamic Credit Group
Next 7 Things to Fix Before Selling Your House
May 2025
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  
« Apr    

Archives

Recent Posts

  • 7 Money-Saving Content-Marketing Tricks Every Marketer Should Try
  • Land Surveying in a Nutshell
  • Potential for Commercial Developments in Baner
  • Good Life – How to Enter the Land of More Than Enough
  • Helpful Mortgage Advice

BL

Tags

A&G Real Estate Partners E&G Real Estate G Real Estate Co G Real Estate Company G Real Estate Llc G Real Estate Logo G Real Estate Utah H&B Real Estate H&R Real Estate Investment Trust H&R Real Estate Investment Trust Dividend H&R Real Estate Investment Trust Stock H&S Real Estate H Real Estate Bahrain H Real Estate Logo H Real Estate School I Mexico Real Estate I Real Estate Broker I Real Estate Lawyers I Real Estate Logo I Real Estate Management Ireal Estate Pro I Real Estate Taxes I Think Real Estate P&G Real Estate Real Estate Games Real Estate Georgia Real Estate Gifts Real Estate Greenville Sc Real Estate Groups Real Estate Groups Near Me Real Estate Hardy Ar Real Estate Hashtags Real Estate Haywood County Tn Real Estate Headshots Real Estate Henderson Tn Real Estate Hernando Ms Real Estate Highlands Nc Real Estate Horn Lake Ms Real Estate In Hernando Ms Real Estate In Memphis Real Estate In Oxford Ms Real Estate Institute Real Estate Internships Real Estate Investment Real Estate Investment Trust

Partner Links

financeswizards
homehavencrafts

SeedBL

Seedbacklink

links

Innovate Your Health Visionary
Ride the Structo Wave

BR

wheatagent
potatoagent

bp

backlinkplacement.com

Copyright © All rights reserved. | Magazine 7 by AF themes.

WhatsApp us