Today it was reported that the EVP of Essex Property Trust (ESS), John Eudy, exercised options to sell 3,750 ESS shares for a total transaction value of $1.04M.
Following John Eudy’s last ESS Sell transaction on December 26, 2018, the stock climbed by 34.9%.
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Based on Essex Property Trust’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $364 million and quarterly net profit of $118 million. In comparison, last year the company earned revenue of $348 million and had a net profit of $104 million. ESS’s market cap is $18.31B and the company has a P/E ratio of 47.05. Currently, Essex Property Trust has an average volume of 261.8K.
Based on 13 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $282.45, reflecting a 1.3% upside.
The insider sentiment on Essex Property Trust has been negative according to 26 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.
