The SEVP of Essex Property Trust (NYSE: ESS) is Selling Shares

By Carrie Williams

Today, the SEVP of Essex Property Trust (ESSResearch Report), John Burkart, sold shares of ESS for $810.1K.

Following John Burkart’s last ESS Sell transaction on December 20, 2018, the stock climbed by 32.8%. In addition to John Burkart, 2 other ESS executives reported Sell trades in the last month.

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Based on Essex Property Trust’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $357 million and quarterly net profit of $118 million. In comparison, last year the company earned revenue of $348 million and had a net profit of $104 million. ESS’s market cap is $19.07B and the company has a P/E ratio of 48.48. Currently, Essex Property Trust has an average volume of 291.3K.

Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $283.56, reflecting a -0.9% downside.

The insider sentiment on Essex Property Trust has been negative according to 30 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

John Burkart’s trades have generated a -9.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Essex Property Trust, Inc. operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.