Essex Property (ESS) Receives a Hold from Truist Financial

In a report released today, Michael Lewis from Truist Financial maintained a Hold rating on Essex Property (ESS – Research Report), with a price target of $259.00. The company’s shares closed yesterday at $241.41.

Lewis covers the Real Estate sector, focusing on stocks such as AvalonBay, Boston Properties, and Highwoods Properties. According to TipRanks, Lewis has an average return of 6.9% and a 58.36% success rate on recommended stocks.

In addition to Truist Financial, Essex Property also received a Hold from Stifel Nicolaus’s Simon Yarmak in a report issued yesterday. However, on March 26, Piper Sandler assigned a Buy rating to Essex Property (NYSE: ESS).

The company has a one-year high of $249.17 and a one-year low of $191.44. Currently, Essex Property has an average volume of 421.1K.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ESS in relation to earlier this year. Earlier this month, Thomas E. Robinson, a Director at ESS sold 2,781.00 shares for a total of $678,341.52.

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Essex Property (ESS) Company Description:

Essex Property Trust, Inc. operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.