Stocks of Essex Property Trust, Inc (NYSE:ESS) traded higher last session on Wall Street, down -1.57% to $269.47.
ESS stock price is now -5.37% away from the 50-day moving average and -7.62% away from the 200-day moving average. The market capitalization of the company currently stands at $17.97B.
With the price target enhanced from $308 to $310, Deutsche Bank Upgraded its rating from Hold to Buy for Essex Property Trust, Inc (NYSE: ESS). On January 13, 2025, BMO Capital Markets Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock reducing its target price from $323 to quote $310, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Kasaris Mary, Director sold 2,800 shares of the company’s stock on Mar 11 ’25. The stock was sold for $842,240 at an average price of $300.80. Upon completion of the transaction, the Director now directly owns 1,755 shares in the company, valued at $0.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’25, Director Kasaris Mary bought 2,800 shares of the business’s stock. A total of $842,240 was incurred on buying the stock at an average price of $300.80. A total of 0.68% of the company’s stock is owned by insiders.
During the past 12 months, Essex Property Trust, Inc has had a low of $243.85 and a high of $317.73.
The net profit margin was 37.08% and return on equity was 12.09% for ESS. The company reported revenue of $464.58 million for the quarter, compared to $426.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.82 percent.
