In a report released today, Juan C. Sanabria from Merrill Lynch maintained a Buy rating on Essex Property Trust (NYSE: ESS), with a price target of $277. The company’s shares closed yesterday at $240.73.
According to TipRanks.com, Sanabria is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.7% and a 38.1% success rate. Sanabria covers the Financial sector, focusing on stocks such as Sabra Healthcare REIT, Extra Space Storage, and Life Storage Inc.
Essex Property Trust has an analyst consensus of Moderate Buy, with a price target consensus of $263.
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Essex Property Trust’s market cap is currently $15.9B and has a P/E ratio of 45.94. The company has a Price to Book ratio of 2.50.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Last month, John Burkart, the SEVP of ESS sold 2,500 shares for a total of $607,985.
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.
