Essex Property Trust, Inc’s recently made public that 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 $0.7 million.
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 $0.63 million.
Barclays initiated its Essex Property Trust, Inc [ESS] rating to an Equal weight in a research note published on December 17, 2024; the price target was $316. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid December from “a Neutral” to “an Underweight”. Raymond James also remained covering ESS and has decreased its forecast on October 21, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on September 24, 2024. It rated ESS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ESS
On Friday, Essex Property Trust, Inc [NYSE:ESS] saw its stock fall -0.27% to $271.90. Over the last five days, the stock has lost -2.73%. Essex Property Trust, Inc shares have fallen nearly -4.74% since the year began. Nevertheless, the stocks have risen 9.69% over the past one year. While a 52-week high of $317.73 was reached on 01/03/25, a 52-week low of $223.06 was recorded on 01/08/25. SMA at 50 days reached $294.03, while 200 days put it at $280.09.
Levels Of Support And Resistance For ESS Stock
The 24-hour chart illustrates a support level at 268.46, which if violated will result in even more drops to 265.03. On the upside, there is a resistance level at 276.38. A further resistance level may holdings at 280.86. The Relative Strength Index (RSI) on the 14-day chart is 34.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.43%. Stochastics %K at 16.60% 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 2024-12-13, dropping by 52785.0 shares to a total of 0.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.98 million shares. There was a decline of -5.71%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 11, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”an Outperform”‘ rating along with a $333 price target.
