Media headlines about Essex Property Trust (NYSE:ESS) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Essex Property Trust earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 47.2817991997239 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Essex Property Trust (ESS) Given a $250.00 Price Target by Sandler O’Neill Analysts (americanbankingnews.com)
- Rise Property Trust Acquires 102-Unit Citywalk Apts for $26.9M (costar.com)
- Essex Property Trust Becomes Oversold (nasdaq.com)
- ESS Dividend Yield Pushes Past 3% (nasdaq.com)
- First Week of ESS February 16th Options Trading (nasdaq.com)
Shares of Essex Property Trust (NYSE ESS) opened at $227.10 on Friday. The firm has a market cap of $14,997.00, a P/E ratio of 19.41, a PEG ratio of 2.93 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. Essex Property Trust has a 1 year low of $218.41 and a 1 year high of $270.04.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $7.00 dividend on an annualized basis and a yield of 3.08%. Essex Property Trust’s dividend payout ratio (DPR) is 87.61%.
A number of research firms have issued reports on ESS. Citigroup upgraded Essex Property Trust to an “overweight” rating and increased their target price for the stock from $253.00 to $278.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and issued a $250.00 price objective on shares of Essex Property Trust in a report on Tuesday, January 9th. Mizuho cut Essex Property Trust from a “neutral” rating to an “underperform” rating and set a $250.00 price objective for the company. in a report on Monday, November 6th. Barclays reiterated a “buy” rating and issued a $283.00 target price on shares of Essex Property Trust in a research note on Thursday, October 19th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Essex Property Trust in a research note on Sunday, November 12th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $269.41.
In other Essex Property Trust news, insider Craig K. Zimmerman sold 1,001 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $247.24, for a total transaction of $247,487.24. Following the sale, the insider now owns 11,284 shares of the company’s stock, valued at $2,789,856.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael J. Schall sold 334 shares of the business’s stock in a transaction 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 directly owns 45,097 shares in the company, valued at approximately $11,522,283.50. The disclosure for this sale can be found here. Insiders sold 9,687 shares of company stock worth $2,408,772 over the last three months. 3.30% of the stock is currently 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.
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