Essex Property Trust, Inc [ESS] stock prices are up 0.97% to $287.14 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ESS shares have gain 2.11% over the last week, with a monthly amount glided 2.73%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Essex Property Trust, Inc [NYSE: ESS] stock has seen the most recent analyst activity on January 21, 2025, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $310 from $308. Previously, BMO Capital Markets upgraded its rating to Outperform on January 13, 2025, and dropped its price target to $310. On December 17, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $316 on the stock. JP Morgan downgraded its rating to a Underweight and increased its price target to $303 on December 17, 2024. Raymond James downgraded its rating to a Mkt Perform. BofA Securities downgraded its rating to Neutral for this stock on September 24, 2024, and upped its price target to $321. In a note dated September 11, 2024, Exane BNP Paribas initiated an Outperform rating and provided a target price of $333 on this stock.
The stock price of Essex Property Trust, Inc [ESS] has been fluctuating between $223.06 and $317.73 over the past year. Currently, Wall Street analysts expect the stock to reach $316.67 within the next 12 months. Essex Property Trust, Inc [NYSE: ESS] shares were valued at $287.14 at the most recent close of the market. An investor can expect a potential return of 10.28% based on the average ESS price forecast.
Analyzing the ESS fundamentals
The Essex Property Trust, Inc [NYSE:ESS] reported sales of 1.74B for trailing twelve months, representing a surge of 7.52%. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.1 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 1.18.
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 282.85 points at the first support level, and at 278.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 289.70, and for the 2nd resistance point, it is at 292.25.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 10.98, the price to book ratio is 3.40 and price to earnings (TTM) ratio is 33.56.
Transactions by insiders
Recent insider trading involved Johnson Amal M, Director, that happened on Sep 17 ’24 when 7298.0 shares were sold. President and CEO, Kleiman Angela L. completed a deal on Sep 16 ’24 to sell 8080.0 shares. Meanwhile, EVP, CAO & General Counsel Morrison Anne sold 2571.0 shares on Sep 16 ’24.
