Today it was reported that the EVP & CFO of Essex Property Trust (NYSE: ESS), Kleiman Angela, exercised options to sell 750 ESS shares at $152.63 a share, for a total transaction value of $180.6K.
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Based on Essex Property Trust’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $353 million and quarterly net profit of $100 million. In comparison, last year the company earned revenue of $344 million and had a net profit of $70.76 million. ESS’s market cap is $16.07B and the company has a P/E ratio of 42.84. Currently, Essex Property Trust has an average volume of 77.96K.
Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $262.33, reflecting a -7.0% downside. Three different firms, including Evercore ISI and Mizuho Securities, currently also have a Sell rating on the stock.
Kleiman Angela L.’s trades have generated a 11.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
