Media stories about Essex Property Trust (NYSE:ESS) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Essex Property Trust earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 47.3441924466872 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Essex Property Trust (NYSE ESS) traded down $0.69 during trading hours on Tuesday, hitting $238.05. The stock had a trading volume of 417,997 shares, compared to its average volume of 474,465. Essex Property Trust has a 52-week low of $214.03 and a 52-week high of $270.04. The company has a market capitalization of $15,685.89, a PE ratio of 36.18, a P/E/G ratio of 3.23 and a beta of 0.45. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.89.
Essex Property Trust (NYSE:ESS) last announced 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 Zacks’ consensus estimate of $3.00 by $0.01. Essex Property Trust had a return on equity of 6.76% and a net margin of 31.75%. The firm had revenue of $345.06 million for the quarter, compared to analysts’ expectations of $346.50 million. During the same period last year, the firm earned $2.85 earnings per share. research analysts expect that Essex Property Trust will post 12.44 EPS for the current fiscal year.
ESS has been the topic of several research analyst reports. Evercore ISI raised shares of Essex Property Trust from an “in-line” rating to an “outperform” rating and set a $274.00 price target on the stock in a report on Monday, December 11th. BMO Capital Markets reaffirmed a “hold” rating and issued a $257.00 price target on shares of Essex Property Trust in a report on Monday, November 27th. Sandler O’Neill set a $250.00 price target on shares of Essex Property Trust and gave the stock a “hold” rating in a report on Friday, January 12th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $251.00 price target (down previously from $263.00) on shares of Essex Property Trust in a report on Tuesday, February 20th. Finally, Mitsubishi UFJ Financial Group raised Essex Property Trust from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Essex Property Trust presently has a consensus rating of “Buy” and an average target price of $264.35.
In other news, insider Glenn Olnick sold 1,600,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $0.10, for a total transaction of $160,000.00. Also, Director Gary P. Martin sold 500 shares of the firm’s 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 transaction, the director now directly owns 5,736 shares in the company, valued at $1,281,594.48. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by company insiders.
COPYRIGHT VIOLATION NOTICE: “Essex Property Trust (ESS) Earns Daily News Sentiment Score of 0.24” was originally posted by BBNS and is the sole property of of BBNS. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://baseballnewssource.com/2018/03/13/essex-property-trust-ess-earns-daily-news-sentiment-score-of-0-24/2025787.html.
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.
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.