$3.06 EPS Expected for Essex Property Trust, Inc. (ESS)

April 20, 2018 - By Marie Mckinney

Essex Property Trust, Inc. (NYSE:ESS) LogoInvestors sentiment decreased to 1.06 in Q4 2017. Its down 0.24, from 1.3 in 2017Q3. It is negative, as 40 investors sold Essex Property Trust, Inc. shares while 124 reduced holdings. 45 funds opened positions while 129 raised stakes. 62.32 million shares or 0.92% less from 62.90 million shares in 2017Q3 were reported.
The Ohio-based Lenox Wealth Management Incorporated has invested 0.17% in Essex Property Trust, Inc. (NYSE:ESS). Highstreet Asset Management owns 650 shares for 0.01% of their portfolio. 7 are owned by Plante Moran Advisors Limited Liability Company. Moreover, Communication Of Vermont has 0.03% invested in Essex Property Trust, Inc. (NYSE:ESS) for 1,497 shares. Hightower Advisors Lc invested in 13,934 shares. 78,258 are owned by Amundi Pioneer Asset Mgmt. Advantus Cap Mgmt stated it has 0.23% in Essex Property Trust, Inc. (NYSE:ESS). Stifel has 12,989 shares for 0.01% of their portfolio. Echo Street Mgmt Limited Liability Corporation invested in 138,247 shares. M&T Natl Bank Corp stated it has 0.01% of its portfolio in Essex Property Trust, Inc. (NYSE:ESS). 1,717 were reported by Bokf Na. First Interstate Commercial Bank has 0.02% invested in Essex Property Trust, Inc. (NYSE:ESS). Daiwa Group accumulated 1.28M shares. Cornerstone Advsrs holds 36 shares. Ironwood Inv Counsel Limited Liability Com invested 0.09% in Essex Property Trust, Inc. (NYSE:ESS).

Since December 11, 2017, it had 0 insider purchases, and 5 sales for $2.12 million activity. Another trade for 500 shares valued at $111,715 was sold by MARTIN GARY P. 600 shares were sold by Kleiman Angela L., worth $148,296. 4,801 shares were sold by SCHALL MICHAEL J, worth $1.19M. Another trade for 1,700 shares valued at $420,308 was sold by EUDY JOHN D.

Analysts expect Essex Property Trust, Inc. (NYSE:ESS) to report $3.06 EPS on May, 2 after the close.They anticipate $0.12 EPS change or 4.08 % from last quarter’s $2.94 EPS. ESS’s profit would be $209.02M giving it 19.56 P/E if the $3.06 EPS is correct. After having $3.01 EPS previously, Essex Property Trust, Inc.’s analysts see 1.66 % EPS growth. The stock decreased 0.35% or $0.85 during the last trading session, reaching $239.39. About 419,232 shares traded. Essex Property Trust, Inc. (NYSE:ESS) has risen 0.21% since April 21, 2017 and is uptrending. It has underperformed by 11.34% the S&P500.

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

Among 19 analysts covering Essex Property Trust (NYSE:ESS), 11 have Buy rating, 1 Sell and 7 Hold. Therefore 58% are positive. Essex Property Trust had 30 analyst reports since October 26, 2017 according to SRatingsIntel. The rating was upgraded by Citigroup to “Buy” on Thursday, December 14. The stock of Essex Property Trust, Inc. (NYSE:ESS) has “Hold” rating given on Thursday, December 14 by Jefferies. On Monday, November 6 the stock rating was downgraded by Mizuho to “Sell”. The stock of Essex Property Trust, Inc. (NYSE:ESS) earned “Buy” rating by Stifel Nicolaus on Thursday, October 26. The firm has “Buy” rating by BTIG Research given on Wednesday, December 13. The rating was upgraded by Bank of America to “Buy” on Tuesday, February 13. Jefferies maintained Essex Property Trust, Inc. (NYSE:ESS) rating on Wednesday, February 7. Jefferies has “Hold” rating and $258.0 target. On Thursday, November 2 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Essex Property Trust, Inc. (NYSE:ESS) earned “Hold” rating by SunTrust on Tuesday, March 20. As per Tuesday, February 20, the company rating was maintained by Wells Fargo.

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 $16.35 billion. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. It has a 36.44 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.

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

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