A Director at Essex Property is Exercising Options

Yesterday it was reported that a Director at Essex Property (ESSResearch Report), Byron Scordelis, exercised options to sell 9,412 ESS shares at $230.75 a share, for a total transaction value of $3.1M.

Following Byron Scordelis’ last ESS Sell transaction on September 03, 2019, the stock climbed by 25.1%.

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The company has a one-year high of $336.75 and a one-year low of $186.30. Currently, Essex Property has an average volume of 354.36K. ESS’s market cap is $21.31 billion and the company has a P/E ratio of 53.00.

Based on 14 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $332.83, reflecting a -1.5% downside.

The insider sentiment on Essex Property has been negative according to 17 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.