In a report released today, John Guinee from Stifel Nicolaus reiterated a Buy rating on Essex Property Trust (ESS), with a price target of $290. The company’s shares opened today at $271.20.
According to TipRanks.com, Guinee is a 5-star analyst with an average return of 6.6% and a 65.4% success rate. Guinee covers the Financial sector, focusing on stocks such as Office Properties Trust, Equity Residential, and Boston Properties.
Essex Property Trust has an analyst consensus of Moderate Buy, with a price target consensus of $273.80, implying a 1.0% upside from current levels. In a report issued on January 18, Jefferies also reiterated a Buy rating on the stock with a $290 price target.
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Essex Property Trust’s market cap is currently $17.9B and has a P/E ratio of 47.62. The company has a Price to Book ratio of 2.84.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2018, John Eudy, the EVP of ESS sold 5,000 shares for a total of $1,284,900.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Essex Property Trust, Inc. operates as a real estate investment trust, which engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.
