Stock To Watch: Essex Property Trust, Inc. (NYSE:ESS)


The leading market experts have placed a mean price target of $240.96 on Essex Property Trust, Inc. (NYSE:ESS) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $2.84 a share for the upcoming quarter and $10.98 for the current fiscal. Technical View The technical analysis of Essex Property Trust, Inc. Comm plainly substantiates that the 50-day moving average of Essex Property Trust, Inc. Comm is $223.76, and stock is hovering 11.81 or +5.28% distant from $223.76. It is noted that the 200-day MA is $221.64, and Essex Property Trust, Inc. Comm stock is $13.93 or +6.29% off from this point. Essex Property Trust, Inc. (NYSE:ESS) 52-week high is $244.71 and the 52-week low is $191.25. This explains if the stock moves $-9.14, it will post a 52-week high. In event of $+23.17% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Essex Property Trust, Inc. Comm, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Essex Property Trust, Inc. (NYSE:ESS) ratio came in at 56.64. The stock last ended the trading session at $235.57 and registered a market cap of $15.42B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Essex Property Trust, Inc. (NYSE:ESS) PEG ratio is at 2.64.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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