Essex Property Trust, Inc. [ESS] stock prices are up 2.85% to $280.39 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ESS shares have lost -0.15% over the last week, with a monthly amount glided 2.67%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Essex Property Trust, Inc. [NYSE: ESS] stock has seen the most recent analyst activity on April 01, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $275 from $250. Previously, Raymond James upgraded its rating to Outperform on March 18, 2024, and kept the price target unchanged to $265. On February 28, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $250 on the stock. Deutsche Bank initiated its recommendation with a Hold and recommended $240 as its price target on January 30, 2024. Jefferies upgraded its rating to Buy for this stock on January 02, 2024, and upped its price target to $281. In a note dated November 09, 2023, BMO Capital Markets upgraded an Market Perform rating on this stock and revised its target price from $235 to $225.
The stock price of Essex Property Trust, Inc. [ESS] has been fluctuating between $203.85 and $292.37 over the past year. Currently, Wall Street analysts expect the stock to reach $287.5 within the next 12 months. Essex Property Trust, Inc. [NYSE: ESS] shares were valued at $280.39 at the most recent close of the market. An investor can expect a potential return of 2.54% based on the average ESS price forecast.
Analyzing the ESS fundamentals
The Essex Property Trust, Inc. [NYSE:ESS] reported sales of 1.71B for trailing twelve months, representing a surge of 6.32%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.08 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.15.
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 273.81 points at the first support level, and at 267.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 285.15, and for the 2nd resistance point, it is at 289.92.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 10.53, the price to book ratio is 3.28 and price to earnings (TTM) ratio is 34.73.
Transactions by insiders
Recent insider trading involved Kleiman Angela L., President and CEO, that happened on Jun 21 ’24 when 3780.0 shares were sold. Director, GUERICKE KEITH R completed a deal on Jun 14 ’24 to sell 10000.0 shares. Meanwhile, Director ROBINSON THOMAS E sold 2781.0 shares on Mar 11 ’24.
