Essex Property Trust, Inc (NYSE: ESS) is 15.67% higher on its value in year-to-date trading and has touched a low of $223.06 and a high of $317.73 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ESS stock was last observed hovering at around $284.33 in the last trading session, with the day’s gains setting it 2.46%.
Currently trading at $286.79, the stock is -3.59% and -3.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing 0.87% at the moment leaves the stock 3.11% off its SMA200. ESS registered 17.36% gain for a year compared to 6-month gain of 4.96%. The firm has a 50-day simple moving average (SMA 50) of $297.5454 and a 200-day simple moving average (SMA200) of $277.91046.
The stock witnessed a -6.13% loss in the last 1 month and extending the period to 3 months gives it a -3.60%, and is -2.49% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.73% over the week and 1.85% over the month.
Essex Property Trust, Inc (ESS) has around 1750 employees, a market worth around $19.27B and $1.74B in sales. Current P/E ratio is 33.52 and Fwd P/E is 48.22. Profit margin for the company is 31.55%. Distance from 52-week low is 28.57% and -9.74% from its 52-week high. The company has generated returns on investments over the last 12 months (4.64%).
with sales reaching $451.58M over the same period.The EPS is expected to grow by 40.09% this year, but quarterly earnings will post 6.16% year-over-year. Quarterly sales are estimated to grow 7.79% in year-over-year returns.
Essex Property Trust, Inc (ESS) Top Institutional Holders
935.0 institutions hold shares in Essex Property Trust, Inc (ESS), with institutional investors hold 99.42% of the company’s shares. The shares outstanding are 64.27M, and float is at 63.77M with Short Float at 1.45%. Institutions hold 98.28% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 10.21 million shares valued at $2.78 billion. The investor’s holdings represent 15.9085% of the ESS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.49 million shares valued at $1.77 billion to account for 10.1139 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.28 million shares representing 8.2263% and valued at over $1.45 billion, while COHEN & STEERS, INC. holds 7.8334 of the shares totaling 5.03 million with a market value of $1.37 billion.
Essex Property Trust, Inc (ESS) Insider Activity
The most recent transaction is an insider sale by Johnson Amal M, the company’s Director. SEC filings show that Johnson Amal M sold 7,298 shares of the company’s common stock on Sep 17 ’24 at a price of $316.31 per share for a total of $2.31 million. Following the sale, the insider now owns 2585.0 shares.
Essex Property Trust, Inc disclosed in a document filed with the SEC on Sep 16 ’24 that Kleiman Angela L. (President and CEO) sold a total of 8,080 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $315.10 per share for $2.55 million. Following the transaction, the insider now directly holds 9494.0 shares of the ESS stock.
Still, SEC filings show that on Sep 16 ’24, Morrison Anne (EVP, CAO & General Counsel) disposed off 2,571 shares at an average price of $314.79 for $0.81 million. The insider now directly holds 2,321 shares of Essex Property Trust, Inc (ESS).
