The SVP and CAO of Essex Property Trust is Exercising Options


Today it was reported that the SVP and CAO of Essex Property Trust (ESS), John Farias, exercised options to sell 1,643 ESS shares at $219.22 a share, for a total transaction value of $518.4K.

In addition to John Farias, one other ESS executive reported Sell trades in the last month.

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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 $366 million and quarterly net profit of $92.28 million. In comparison, last year the company earned revenue of $353 million and had a net profit of $100 million. The company has a one-year high of $319.15 and a one-year low of $235.51. ESS’s market cap is $20.89B and the company has a P/E ratio of 50.81.

The insider sentiment on Essex Property Trust has been negative according to 36 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. It 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.

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