<div id="readability-page-1"><p>Essex Property Trust, Inc. (NYSE:ESS - Get Free Report) Director Amal M. Johnson sold 7,298 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $316.31, for a total transaction of $2,308,430.38. Following the sale, the director now directly owns 2,585 shares of the company's stock, valued at approximately $817,661.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.</p><div><p><span></span><span>Get <strong>Essex Property Trust</strong> alerts:</span></p></div><h2>Essex Property Trust Stock Up 0.1 %</h2><ul><li>Blackstone’s $10 Billion Bet on Property Prices Going Up</li></ul><p>Shares of ESS traded up $0.18 during trading hours on Thursday, reaching $312.42. 357,637 shares of the stock traded hands, compared to its average volume of 373,497. Essex Property Trust, Inc. has a 52 week low of $203.85 and a 52 week high of $317.73. The company has a market cap of $20.06 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 4.41 and a beta of 0.88. The stock has a fifty day simple moving average of $290.87 and a 200 day simple moving average of $267.61. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.11. </p><p>Essex Property Trust (NYSE:ESS - Get Free Report) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $1.45 EPS for the quarter, missing the consensus estimate of $3.85 by ($2.40). Essex Property Trust had a return on equity of 9.14% and a net margin of 30.31%. The firm had revenue of $442.36 million for the quarter, compared to the consensus estimate of $433.26 million. During the same period in the prior year, the business earned $3.77 EPS. On average, equities analysts forecast that Essex Property Trust, Inc. will post 15.53 EPS for the current year. </p><h2>Essex Property Trust Announces Dividend</h2><ul><li>Yield Curve Tests New Lows, Where Markets Are Seeking Safety</li></ul><p>The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Monday, September 30th will be given a $2.45 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $9.80 annualized dividend and a yield of 3.14%. Essex Property Trust's dividend payout ratio is currently 119.80%. </p><h2>Institutional Inflows and Outflows</h2><p>Institutional investors have recently bought and sold shares of the business. Cohen &amp; Steers Inc. boosted its holdings in shares of Essex Property Trust by 31.2% in the 4th quarter. Cohen &amp; Steers Inc. now owns 3,072,004 shares of the real estate investment trust's stock worth $761,760,000 after buying an additional 730,141 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Essex Property Trust by 86.5% in the first quarter. Daiwa Securities Group Inc. now owns 997,792 shares of the real estate investment trust's stock worth $244,269,000 after acquiring an additional 462,828 shares during the period. Wulff Hansen &amp; CO. boosted its stake in Essex Property Trust by 27,120.0% in the second quarter. Wulff Hansen &amp; CO. now owns 425,721 shares of the real estate investment trust's stock valued at $115,881,000 after acquiring an additional 424,157 shares during the last quarter. Duff &amp; Phelps Investment Management Co. purchased a new position in Essex Property Trust in the second quarter valued at about $98,594,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Essex Property Trust by 8.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,832,845 shares of the real estate investment trust's stock valued at $448,701,000 after acquiring an additional 147,130 shares during the period. Institutional investors own 96.51% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Realty Income Trades At Decade Low Valuations, Worth The Yield?</li></ul><p>Several equities research analysts have weighed in on ESS shares. Evercore ISI lifted their price target on shares of Essex Property Trust from $283.00 to $287.00 and gave the company an &#34;in-line&#34; rating in a research note on Monday. Piper Sandler raised their target price on Essex Property Trust from $315.00 to $355.00 and gave the company an &#34;overweight&#34; rating in a research note on Monday, August 26th. Raymond James upped their price target on Essex Property Trust from $295.00 to $325.00 and gave the stock an &#34;outperform&#34; rating in a research note on Thursday, August 29th. The Goldman Sachs Group initiated coverage on Essex Property Trust in a research note on Wednesday, September 4th. They issued a &#34;neutral&#34; rating and a $318.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Essex Property Trust from $240.00 to $308.00 and gave the company a &#34;hold&#34; rating in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of &#34;Hold&#34; and an average price target of $291.10.</p><p><b>Get Our Latest Analysis on ESS</b></p><h2>About Essex Property Trust</h2> (Get Free Report)<p>Essex Property Trust, Inc, an S&amp;P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Essex Property Trust</li><li>Consumer Staples Stocks, Explained</li><li>Edgewise Therapeutics Soars 50%: Key Reasons Behind the Surge</li><li>What is the Dow Jones Industrial Average (DJIA)?</li><li>How the Fed’s Rate Cut Could Supercharge These 3 ETFs</li><li>What is the Hang Seng index?  </li><li>Microsoft Stock: 3 Reasons It’s Ready to Crush Q4</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Who are Nvidia’s New Silent Partners? <span><span>(From Weiss Ratings)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05NjI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05NjI4"/></p><h2>Should you invest $1,000 in Essex Property Trust right now?</h2><p>Before you consider Essex Property Trust, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Essex Property Trust wasn't on the list.</p><p>While Essex Property Trust currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

<p>Amal M. Johnson, a director at Essex Property Trust, Inc. (NYSE:ESS), sold 7,298 shares of the company's stock on September 17th for approximately $308,430.38. Post-sale, Johnson retains 2,585 shares valued at around $161,661.35. The transaction was reported to the SEC. Essex Property Trust's stock recently traded at $XXX.XX, with a market cap of $XX.XX billion and a P/E ratio of 38.14. The company announced a quarterly dividend of $0.45, payable on October 11th, with a yield of 3.14%.</p>

Amal M. Johnson Sells 7,298 Shares of Essex Property Trust, Inc. (NYSE:ESS) Stock