Essex Property Trust, Inc. [ESS] stock prices are down -0.32% to $242.80 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ESS shares have gain 6.62% over the last week, with a monthly amount glided 2.87%, and seem to be holding up well over a long-time horizon.
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On 1, March 2024, Essex Property Trust to Present at The 2024 Citigroup Global Property CEO Conference. In a post published today on Yahoo Finance, Essex Property Trust, Inc. (NYSE:ESS) announced today that Angela L. Kleiman, President and CEO, will be participating in a roundtable presentation at the 2024 Citigroup Global Property CEO Conference held in Hollywood, FL on Tuesday, March 5, 2024, at 11:40 a.m. Eastern Time.
From an analyst’s perspective:
Essex Property Trust, Inc. [NYSE: ESS] stock has seen the most recent analyst activity on February 28, 2024, when Mizuho upgraded its rating to a Buy and also revised its price target to $250 from $255. On January 30, 2024, Deutsche Bank initiated with a Hold rating and assigned a price target of $240 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $281 on January 02, 2024. BMO Capital Markets upgraded its rating to a Market Perform and reduced its price target to $225 on November 09, 2023. Wedbush started tracking with a Neutral rating for this stock on October 03, 2023, and assigned it a price target of $225. In a note dated September 08, 2023, Citigroup downgraded an Neutral rating on this stock and revised its target price from $280 to $260.
The stock price of Essex Property Trust, Inc. [ESS] has been fluctuating between $195.03 and $252.85 over the past year. Currently, Wall Street analysts expect the stock to reach $290.64 within the next 12 months. Essex Property Trust, Inc. [NYSE: ESS] shares were valued at $242.80 at the most recent close of the market. An investor can expect a potential return of 19.7% based on the average ESS price forecast.
Analyzing the ESS fundamentals
The Essex Property Trust, Inc. [NYSE:ESS] reported sales of 1.67B for trailing twelve months, representing a surge of 1.58%. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.14.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 240.96 points at the first support level, and at 239.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 245.09, and for the 2nd resistance point, it is at 247.38.
Essex Property Trust, Inc. [ESS] reported earnings per share of $1.02 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.46/share, meaning a difference of -$0.44 and a surprise factor of -30.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.36 per share as compared to estimates of $1.42 per share, a difference of -$0.06 representing a surprise of -4.20%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 9.34, the price to book ratio is 2.87 and price to earnings (TTM) ratio is 38.46.
Transactions by insiders
Recent insider trading involved LYONS IRVING F III, Director, that happened on Feb 28 when 2083.0 shares were sold.
