The market has been down on Essex Property Trust Inc (ESS) stock recently. ESS gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Essex Property Trust Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ESS!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With ESS Stock Today?
Essex Property Trust Inc (ESS) stock is lower by -0.51% while the S&P 500 has risen 0.22% as of 3:16 PM on Friday, Sep 22. ESS is lower by -$1.12 from the previous closing price of $219.08 on volume of 143,089 shares. Over the past year the S&P 500 has risen 14.50% while ESS is lower by -11.98%. ESS earned $8.22 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 26.4.
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More About Essex Property Trust Inc
Essex Property Trust owns a portfolio of 253 apartment communities with over 62,000 units and is developing three additional properties with 571 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
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