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 $ 0.75 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 $0.67 million.
Deutsche Bank upgraded its Essex Property Trust, Inc [ESS] rating to a Buy from a a Hold in a research note published on January 21, 2025; the price target was increased to $310 from $308. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in mid January from “a Market perform” to “an Outperform”. Barclays began covering ESS with “an Equal weight” recommendation on December 17, 2024. JP Morgan revised its rating on December 17, 2024. It rated ESS as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of ESS
On Friday, Essex Property Trust, Inc [NYSE:ESS] saw its stock fall -1.11% to $288.37. Over the last five days, the stock has lost -1.29%. Essex Property Trust, Inc shares have risen nearly 1.03% since the year began. Nevertheless, the stocks have risen 27.83% over the past one year. While a 52-week high of $317.73 was reached on 02/06/25, a 52-week low of $225.09 was recorded on 01/08/25. SMA at 50 days reached $287.18, while 200 days put it at $285.50.
Levels Of Support And Resistance For ESS Stock
The 24-hour chart illustrates a support level at 286.10, which if violated will result in even more drops to 283.84. On the upside, there is a resistance level at 292.21. A further resistance level may holdings at 296.06. The Relative Strength Index (RSI) on the 14-day chart is 51.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 48.70%. Stochastics %K at 59.17% 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 2025-01-31, growing by 0.11 million shares to a total of 1.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 0.88 million shares. There was a rise of 11.24%, which implies that there is a positive sentiment for the stock.
