SunTrust Robinson analyst Michael R Lewis reiterated a Hold rating on Essex Property Trust (ESS) on February 4 and set a price target of $275. The company’s shares opened today at $277.25, close to its 52-week high of $284.09.
According to TipRanks.com, Lewis is a 4-star analyst with an average return of 6.2% and a 69.2% success rate. Lewis covers the Financial sector, focusing on stocks such as Washington Real Estate Investment Trust, Apartment Investment & Management, and Preferred Apartment Communities.
Currently, the analyst consensus on Essex Property Trust is a Moderate Buy with an average price target of $280.17, which is a 1.1% upside from current levels. In a report released yesterday, Citigroup also maintained a Hold rating on the stock with a $275 price target.
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The company has a one-year high of $284.09 and a one-year low of $216.45. Currently, Essex Property Trust has an average volume of 366.6K.
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.
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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.
