ESS - Insider Selling: Angela Kleiman Unloads $1.05M Of Essex Property Trust Stock | Benzinga
Angela Kleiman, President and CEO at Essex Property Trust (NYSE:ESS), disclosed an insider sell on June 25, according to a recent SEC filing.
What Happened: Kleiman's recent Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday unveiled the sale of 3,780 shares of Essex Property Trust. The total transaction value is $1,051,860.
At Wednesday morning, Essex Property Trust shares are down by 0.0%, trading at $275.62.
Delving into Essex Property Trust's Background
Essex Property Trust owns a portfolio of 252 apartment communities with over 62,000 units and is developing another property with 264 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.
Breaking Down Essex Property Trust's Financial Performance
Revenue Growth: Essex Property Trust displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 3.52%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Key Profitability Indicators:
-
Gross Margin: Achieving a high gross ...