In a report released today, Ross L Smotrich from Barclays maintained a Buy rating on Essex Property Trust (NYSE: ESS), with a price target of $269. The company’s shares opened today at $236.55.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 8.3% and a 67.6% success rate. Smotrich covers the Financial sector, focusing on stocks such as Safety Income & Growth Inc, Jones Lang Lasalle Inc, and Alexandria Equities.
Currently, the analyst consensus on Essex Property Trust is a Moderate Buy with an average price target of $261.50.
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Based on Essex Property Trust’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $90.92 million. In comparison, last year the company had a net profit of $70.76 million.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, 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.
