Essex Property Trust, Inc. [NYSE: ESS] stock went on an upward path that rose over 0.55% on Friday, amounting to a one-week price decrease of less than -2.59%.
Over the last 12 months, ESS stock rose by 24.57%. The one-year Essex Property Trust, Inc. stock forecast points to a potential upside of 0.41. The average equity rating for ESS stock is currently 2.44, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $16.66 billion, with 64.20 million shares outstanding and 63.70 million shares in the current float. Compared to the average trading volume of 357.03K shares, ESS stock reached a trading volume of 225551 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Essex Property Trust, Inc. [ESS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ESS shares is $260.48 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ESS stock is a recommendation set at 2.44. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Essex Property Trust, Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 01, 2024. The new note on the price target was released on March 18, 2024, representing the official price target for Essex Property Trust, Inc. stock. Previously, the target price had yet another drop from $255 to $250, while Mizuho kept a Buy rating on ESS stock.
The Average True Range (ATR) for Essex Property Trust, Inc. is set at 4.28, with the Price to Sales ratio for ESS stock in the period of the last 12 months amounting to 9.89. The Price to Book ratio for the last quarter was 3.00, with the Price to Cash per share for the same quarter was set at 7.91. Price to Free Cash Flow for ESS in the course of the last twelve months was 18.26.
ESS Stock Performance Analysis:
Essex Property Trust, Inc. [ESS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.59. With this latest performance, ESS shares gained by 4.93% in over the last four-week period, additionally plugging by 21.87% over the last 6 months – not to mention a rise of 24.57% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ESS stock in for the last two-week period is set at 56.03, with the RSI for the last a single of trading hit 51.56, and the three-weeks RSI is set at 57.27 for Essex Property Trust, Inc. [ESS]. The present Moving Average for the last 50 days of trading for this stock 247.24, while it was recorded at 261.58 for the last single week of trading, and 233.24 for the last 200 days.
ESS Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ESS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Essex Property Trust, Inc. go to -0.39%.
Essex Property Trust, Inc. [ESS] Institutonal Ownership Details
The top three institutional holders of ESS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ESS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ESS stock with ownership which is approximately 5.8386%.
