In a filing, Essex Property Trust, Inc. revealed its Director Johnson Amal M unloaded Company’s shares for reported $2.31 million on Sep 17 ’24. In the deal valued at $316.31 per share,7,298 shares were sold. As a result of this transaction, Johnson Amal M now holds 2,585 shares worth roughly $0.8 million.
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Then, Kleiman Angela L. sold 8,080 shares, generating $2,545,982 in total proceeds. Upon selling the shares at $315.10, the President and CEO now owns 9,494 shares.
Before that, Morrison Anne sold 2,571 shares. Essex Property Trust, Inc. shares valued at $809,325 were divested by the EVP, CAO & General Counsel at a price of $314.79 per share. As a result of the transaction, Morrison Anne now holds 2,321 shares, worth roughly $0.72 million.
Exane BNP Paribas initiated its Essex Property Trust, Inc. [ESS] rating to an Outperform in a research note published on September 11, 2024; the price target was $333. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. BofA Securities also remained covering ESS and has increased its forecast on April 01, 2024 with a “Buy” recommendation from previously “Neutral” rating. Raymond James revised its rating on March 18, 2024. It rated ESS as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of ESS
On Monday, Essex Property Trust, Inc. [NYSE:ESS] saw its stock jump 1.12% to $309.65. Over the last five days, the stock has lost -1.75%. Essex Property Trust, Inc. shares have risen nearly 24.89% since the year began. Nevertheless, the stocks have risen 41.34% over the past one year. While a 52-week high of $317.73 was reached on 09/17/24, a 52-week low of $203.85 was recorded on 02/13/24. SMA at 50 days reached $292.36, while 200 days put it at $259.25.
Levels Of Support And Resistance For ESS Stock
The 24-hour chart illustrates a support level at 306.96, which if violated will result in even more drops to 304.26. On the upside, there is a resistance level at 312.37. A further resistance level may holdings at 315.08. The Relative Strength Index (RSI) on the 14-day chart is 61.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.24%. Stochastics %K at 63.79% indicates the stock is a holding.
How much short interest is there in Essex Property Trust, Inc.?
A steep rise in short interest was recorded in Essex Property Trust, Inc. stocks on 2024-08-30, dropping by -0.11 million shares to a total of 0.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.69 million shares. There was a decline of -19.23%, which implies that there is a negative sentiment for the stock.
