Essex Property Belief, Inc. (NYSE:ESS – Get Ranking) noticed a big drop in brief curiosity through the month of November. As of November fifteenth, there was quick curiosity totalling 1,130,000 shares, a drop of 11.0% from the October thirty first complete of 1,270,000 shares. Based mostly on a median day by day buying and selling quantity, of 531,000 shares, the days-to-cover ratio is presently 2.1 days. Roughly 1.8% of the corporate’s shares are offered quick.
Essex Property Belief Inventory Down 1.0 %
Shares of ESS traded down $2.19 throughout mid-day buying and selling on Friday, hitting $217.72. 374,218 shares of the corporate traded fingers, in comparison with its common quantity of 611,545. The enterprise has a 50 day shifting common of $222.70 and a 200 day shifting common of $255.14. The corporate has a market capitalization of $14.10 billion, a PE ratio of 39.44, a price-to-earnings-growth ratio of two.05 and a beta of 0.73. Essex Property Belief has a 1-year low of $205.76 and a 1-year excessive of $363.36. The corporate has a fast ratio of 1.13, a present ratio of 1.13 and a debt-to-equity ratio of 1.05.
Essex Property Belief Declares Dividend
The corporate additionally lately introduced a quarterly dividend, which was paid on Friday, October 14th. Buyers of report on Friday, September thirtieth got a $2.20 dividend. The ex-dividend date of this dividend was Thursday, September twenty ninth. This represents a $8.80 dividend on an annualized foundation and a yield of 4.04%. Essex Property Belief’s dividend payout ratio is presently 159.42%.
Analysts Set New Value Targets
A number of analysts have lately weighed in on the corporate. Barclays decreased their goal value on Essex Property Belief from $300.00 to $219.00 and set an “underweight” ranking for the corporate in a analysis report on Thursday, November tenth. Stifel Nicolaus decreased their goal value on Essex Property Belief from $336.00 to $291.00 in a analysis report on Friday, October seventh. Mizuho decreased their goal value on Essex Property Belief from $264.00 to $221.00 and set a “impartial” ranking for the corporate in a analysis report on Thursday, November tenth. Evercore ISI decreased their goal value on Essex Property Belief to $290.00 in a analysis report on Thursday, October thirteenth. Lastly, Royal Financial institution of Canada decreased their goal value on Essex Property Belief from $288.00 to $265.00 and set an “outperform” ranking for the corporate in a analysis report on Friday, October twenty eighth. Three equities analysis analysts have rated the inventory with a promote ranking, ten have issued a maintain ranking and 7 have issued a purchase ranking to the corporate. In line with MarketBeat, the inventory presently has a consensus ranking of “Maintain” and a median goal value of $260.82.
Institutional Buyers Weigh In On Essex Property Belief
Numerous massive buyers have lately purchased and offered shares of ESS. Commonwealth Fairness Companies LLC boosted its place in Essex Property Belief by 3.2% within the first quarter. Commonwealth Fairness Companies LLC now owns 2,200 shares of the actual property funding belief’s inventory valued at $760,000 after shopping for a further 68 shares over the last quarter. Unbiased Advisor Alliance boosted its place in Essex Property Belief by 38.1% within the first quarter. Unbiased Advisor Alliance now owns 1,210 shares of the actual property funding belief’s inventory valued at $418,000 after shopping for a further 334 shares over the last quarter. CIBC Asset Administration Inc boosted its place in Essex Property Belief by 55.8% within the 1st quarter. CIBC Asset Administration Inc now owns 9,639 shares of the actual property funding belief’s inventory value $3,330,000 after buying a further 3,451 shares within the final quarter. Connectus Wealth LLC bought a brand new stake in Essex Property Belief within the 1st quarter value roughly $810,000. Lastly, Los Angeles Capital Administration LLC boosted its place in Essex Property Belief by 12.6% within the 1st quarter. Los Angeles Capital Administration LLC now owns 10,020 shares of the actual property funding belief’s inventory value $3,462,000 after buying a further 1,118 shares within the final quarter. Hedge funds and different institutional buyers personal 91.57% of the corporate’s inventory.
About Essex Property Belief
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Essex Property Belief, Inc, an S&P 500 firm, is a totally built-in actual property funding belief (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in chosen West Coast markets. Essex presently has possession pursuits in 246 house communities comprising roughly 60,000 house properties with a further 6 properties in varied levels of lively growth.
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