Essex Property Trust (ESS) Receives a Buy from Barclays


In a report issued on October 12, Ross L Smotrich from Barclays maintained a Buy rating on Essex Property Trust (NYSE: ESS), with a price target of $258. The company’s shares closed on Friday at $238.62.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.8% and a 62.2% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, Apartment Investment & Management, and Safety Income & Growth Inc.

Essex Property Trust has an analyst consensus of Moderate Buy, with a price target consensus of $258.25.

See today’s analyst top recommended stocks >>

Based on Essex Property Trust’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $100 million. In comparison, last year the company had a net profit of $79.72 million.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Kleiman Angela L., the EVP & CFO of ESS sold 750 shares for a total of $180,600.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts