$3.15 EPS Expected for Essex Property Trust, Inc. (ESS)

October 14, 2018 - By Winifred Garcia

Essex Property Trust, Inc. (NYSE:ESS) LogoInvestors sentiment increased to 1.22 in 2018 Q2. 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.
Fca Corporation Tx has 900 shares for 0.09% of their portfolio. Brown Advisory reported 0% in Essex Property Trust, Inc. (NYSE:ESS). Pub Employees Retirement Sys Of Ohio holds 0.13% in Essex Property Trust, Inc. (NYSE:ESS) or 104,812 shares. Tortoise Inv Lc accumulated 70 shares. 1,271 were reported by Lenox Wealth Management. Illinois-based Guggenheim Capital Ltd Com has invested 0.06% in Essex Property Trust, Inc. (NYSE:ESS). Whittier Of Nevada Inc holds 159 shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0.06% in Essex Property Trust, Inc. (NYSE:ESS). 318,554 were accumulated by Alliancebernstein Limited Partnership. 48,162 are owned by Thrivent For Lutherans. Davis Selected Advisers has invested 0.07% in Essex Property Trust, Inc. (NYSE:ESS). Moreover, Adelante Cap Mngmt Limited Company has 5.11% invested in Essex Property Trust, Inc. (NYSE:ESS) for 371,804 shares. American National Tx reported 20,000 shares. Quadrant Cap Ltd Liability stated it has 1.21% of its portfolio in Essex Property Trust, Inc. (NYSE:ESS). Envestnet Asset Mgmt Inc, a Illinois-based fund reported 12,808 shares.

Since May 11, 2018, it had 0 insider buys, and 2 sales for $788,585 activity. On Friday, May 11 Burkart John F. sold $607,985 worth of Essex Property Trust, Inc. (NYSE:ESS) or 2,500 shares.

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 $215.21 million giving it 18.94 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 0.45% or $1.07 during the last trading session, reaching $238.62. About 535,600 shares traded or 46.18% up from the average. Essex Property Trust, Inc. (NYSE:ESS) has declined 6.27% since October 14, 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 Monday, July 23 the stock rating was upgraded by Raymond James to “Market Perform”. As per Thursday, June 14, the company rating was maintained by Morgan Stanley. The firm has “Buy” rating by Bank of America given on Friday, June 8. The firm has “Buy” rating by Stifel Nicolaus given on Friday, August 3. As per Tuesday, July 17, the company rating was maintained by Barclays Capital. The stock has “Neutral” rating by Citigroup on Friday, September 14.

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 $16.30 billion. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. It has a 42.11 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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