In a report issued on August 28, Wes Golladay from RBC Capital reiterated a Buy rating on Essex Property Trust (NYSE: ESS), with a price target of $269. The company’s shares closed yesterday at $247.29.
According to TipRanks.com, Golladay is a 4-star analyst with an average return of 9.4% and a 70.6% success rate. Golladay covers the Financial sector, focusing on stocks such as National Retail Properties, Camden Property Trust, and Spirit Realty Capital.
Currently, the analyst consensus on Essex Property Trust is a Moderate Buy with an average price target of $263.29.
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The company has a one-year high of $270.04 and a one-year low of $214.03. Currently, Essex Property Trust has an average volume of 391.6K.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. Earlier this month, 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.
