Essex Property Trust, Inc. (ESS) EPS Estimated At $3.15

October 11, 2018 - By Marguerite Chambers

Essex Property Trust, Inc. (NYSE:ESS) LogoInvestors sentiment increased to 1.22 in Q2 2018. Its up 0.24, from 0.98 in 2018Q1. It is positive, as 21 investors sold Essex Property Trust, Inc. shares while 123 reduced holdings. 56 funds opened positions while 119 raised stakes. 61.82 million shares or 0.88% less from 62.36 million shares in 2018Q1 were reported.
Moreover, National Pension has 0.08% invested in Essex Property Trust, Inc. (NYSE:ESS). State Board Of Administration Of Florida Retirement Systems owns 91,765 shares. 214 are owned by Wolverine Asset Mngmt. Kempen Management Nv stated it has 0.96% in Essex Property Trust, Inc. (NYSE:ESS). Peak6 Invs Limited Partnership owns 1,661 shares. Td Asset Management Inc holds 0.01% or 19,605 shares. Bessemer Gru accumulated 5 shares or 0% of the stock. Commonwealth Bancorporation Of owns 1,117 shares or 0% of their US portfolio. 5,238 are owned by Panagora Asset Management. Clifford Swan Inv Counsel Ltd Liability Corp accumulated 11,631 shares. Vident Inv Advisory Limited Liability Co owns 3,472 shares or 0.03% of their US portfolio. Veritable Ltd Partnership owns 4,597 shares or 0.02% of their US portfolio. Toronto Dominion Retail Bank, Ontario – Canada-based fund reported 42,456 shares. Kentucky Retirement Systems Ins Fund accumulated 1,244 shares. Signaturefd Limited Liability Corporation has invested 0% in Essex Property Trust, Inc. (NYSE:ESS).

Since May 11, 2018, it had 0 buys, and 2 sales for $788,585 activity. On Friday, May 11 the insider Burkart John F. sold $607,985.

Analysts expect Essex Property Trust, Inc. (NYSE:ESS) to report $3.15 EPS on November, 7.They anticipate $0.17 EPS change or 5.70 % from last quarter’s $2.98 EPS. ESS’s profit would be $215.22M giving it 19.41 P/E if the $3.15 EPS is correct. After having $3.14 EPS previously, Essex Property Trust, Inc.’s analysts see 0.32 % EPS growth. The stock decreased 0.94% or $2.32 during the last trading session, reaching $244.57. About 58,705 shares traded. Essex Property Trust, Inc. (NYSE:ESS) has declined 6.27% since October 11, 2017 and is downtrending. It has underperformed by 21.89% the S&P500.

Essex Property Trust, Inc. (NYSE:ESS) Ratings Coverage

Among 6 analysts covering Essex Property Trust (NYSE:ESS), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Essex Property Trust had 6 analyst reports since June 8, 2018 according to SRatingsIntel. On Friday, September 14 the stock rating was downgraded by Citigroup to “Neutral”. The rating was upgraded by Stifel Nicolaus to “Buy” on Friday, August 3. Bank of America maintained it with “Buy” rating and $277 target in Friday, June 8 report. The firm earned “Overweight” rating on Thursday, June 14 by Morgan Stanley. As per Monday, July 23, the company rating was upgraded by Raymond James. The stock of Essex Property Trust, Inc. (NYSE:ESS) has “Overweight” rating given on Tuesday, July 17 by Barclays Capital.

Essex Property Trust, Inc. operates as a self-administered and self-managed real estate investment trust in the United States. The company has market cap of $16.71 billion. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. It has a 43.16 P/E ratio. As of March 31, 2012, the firm owned or had interests in 158 apartment communities; and 5 commercial buildings, as well as 5 development projects.

Another recent and important Essex Property Trust, Inc. (NYSE:ESS) news was published by Globenewswire.com which published an article titled: “Analysis: Positioning to Benefit within Allison Transmission, Golub Capital BDC, Carrizo Oil & Gas, Mastercard, Essex …” on October 11, 2018.

Essex Property Trust, Inc. (NYSE:ESS) Institutional Positions Chart

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