Analyst Downgrades – Essex Property Trust (NYSE:ESS) Stock Gets Downgraded By SunTrust Banks, Inc. from Buy to Hold

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Analyst Ratings For Essex Property Trust (NYSE:ESS)

Today, Essex Property Trust (NYSE:ESS) stock was downgraded by SunTrust Banks, Inc. from Buy to Hold with a price target of $257.00.

There are 1 sell rating, 7 hold ratings, 7 buy ratings on the stock.

The current consensus rating on Essex Property Trust (NYSE:ESS) is Hold (Score: 2.40) with a consensus target price of $246.36 per share, a potential 3.72% downside.

Some recent analyst ratings include

  • 5/18/2017-SunTrust Banks, Inc. was Downgraded by analysts at SunTrust Banks, Inc. from a “Buy ” rating to a ” Hold” rating. They now have a $257.00 price target on the stock.
  • 5/16/2017-Royal Bank of Canada Reiterated Rating of Outperform .
  • 5/3/2017-Cantor Fitzgerald Reiterated Rating of Buy.
  • 5/1/2017-Mizuho Upgrade from a “Neutral ” rating to a ” Buy” rating.
  • 4/19/2017-Barclays PLC Reiterated Rating of Overweight.
  • 3/3/2017-Evercore ISI was Downgraded by analysts at Evercore ISI from a “Buy” rating to a “” rating.

Dividend information for Essex Property Trust (NYSE:ESS)

Essex Property Trust (NYSE:ESS) pays an annual dividend of 1 Sell Rating, 7 Hold Ratings, 7 Buy Ratings with a yield of 2.50% and an average dividend growth of 9.70% based on a 3 Year Average..

Dividend History for Essex Property Trust (NYSE:ESS)

  • On 5/18/2017 Essex Property Trust announced a quarterly dividend of $1.75 with an ex dividend date of which will be payable on 7/14/2017.
  • On 2/22/2017 Essex Property Trust announced a quarterly dividend of $1.75 3.02% with an ex dividend date of 3/29/2017 which will be payable on 4/17/2017.
  • On 12/15/2016 Essex Property Trust announced a quarterly dividend of $1.60 2.82% with an ex dividend date of 12/28/2016 which will be payable on 1/17/2017.
  • On 9/21/2016 Essex Property Trust announced a quarterly dividend of $1.60 2.77% with an ex dividend date of 9/28/2016 which will be payable on 10/14/2016.
  • On 5/20/2016 Essex Property Trust announced a quarterly dividend of $1.60 2.88% with an ex dividend date of 6/28/2016 which will be payable on 7/15/2016.
  • On 2/19/2016 Essex Property Trust announced a quarterly dividend of $1.60 3.09% with an ex dividend date of 3/29/2016 which will be payable on 4/15/2016.
  • On 12/16/2015 Essex Property Trust announced a quarterly dividend of $1.44 2.41% with an ex dividend date of 12/30/2015 which will be payable on 1/15/2016.

Recent Insider Trading Activity For Essex Property Trust (NYSE:ESS)
Essex Property Trust (NYSE:ESS) has insider ownership of 3.50% and institutional ownership of 98.95%.

  • On 5/12/2017 Michael J Schall, Insider, sold 13,668 with an average share price of $252.63 per share and the total transaction amounting to $3,452,946.84. View SEC Filing
  • On 5/11/2017 John D Eudy, Insider, sold 4,301 with an average share price of $252.40 per share and the total transaction amounting to $1,085,572.40. View SEC Filing
  • On 5/10/2017 Angela L Kleiman, Insider, sold 3,417 with an average share price of $252.35 per share and the total transaction amounting to $862,279.95. View SEC Filing
  • On 5/8/2017 John F Burkart, Insider, sold 6,667 with an average share price of $248.71 per share and the total transaction amounting to $1,658,149.57. View SEC Filing
  • On 4/4/2017 Craig K Zimmerman, Insider, sold 7,958 with an average share price of $232.03 per share and the total transaction amounting to $1,846,494.74. View SEC Filing
  • On 3/31/2017 Michael J Schall, Insider, sold 17,458 with an average share price of $232.01 per share and the total transaction amounting to $4,050,430.58. View SEC Filing
  • On 3/1/2017 Byron A Scordelis, Director, sold 5,250 with an average share price of $234.26 per share and the total transaction amounting to $1,229,865.00. View SEC Filing

About Essex Property Trust (NYSE:ESS)
Essex Property Trust, Inc. is a self-administered and self-managed real estate investment trust. The Company is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of predominantly apartment communities, located along the West Coast. Its segments include Southern California, Northern California, Seattle Metro and Other real estate assets. The Company owns all of its interest in its real estate and other investments directly or indirectly through Essex Portfolio, L.P. (the Operating Partnership). Its properties include Mio, Form 15, Emerson Valley Village and Ashton Sherman Village. As of December 31, 2016, it owned or held an interest in 245 communities, aggregating 59,645 apartment homes, excluding its ownership in preferred equity investments, as well as two operating commercial buildings (totaling approximately 140,564 square feet), and six active development projects with 2,223 apartment homes in various stages of development.

Recent Trading Activity for Essex Property Trust (NYSE:ESS)
Shares of Essex Property Trust closed the previous trading session at 255.88 up +2.14 0.84% with 336,039 shares trading hands.