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 $0.76 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 $0.69 million.
BofA Securities downgraded its Essex Property Trust, Inc. [ESS] rating to a Neutral from a a Buy in a research note published on September 24, 2024; the price target was increased to $321 from $307. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Goldman began covering ESS with “Neutral” recommendation on September 04, 2024. BofA Securities revised its rating on April 01, 2024. It rated ESS as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ESS
On Monday, Essex Property Trust, Inc. [NYSE:ESS] saw its stock jump 0.28% to $295.42. Over the last five days, the stock has lost -4.60%. Essex Property Trust, Inc. shares have risen nearly 19.15% since the year began. Nevertheless, the stocks have risen 40.18% 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 $293.84, while 200 days put it at $261.02.
Levels Of Support And Resistance For ESS Stock
The 24-hour chart illustrates a support level at 291.66, which if violated will result in even more drops to 287.90. On the upside, there is a resistance level at 297.62. A further resistance level may holdings at 299.82. The Relative Strength Index (RSI) on the 14-day chart is 43.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.75%. Stochastics %K at 10.76% indicates the stock is a buying.
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 2024-09-13, growing by 0.11 million shares to a total of 0.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.57 million shares. There was a rise of 16.33%, which implies that there is a positive sentiment for the stock.
