FCA Corp TX maintained its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 900 shares of the real estate investment trust’s stock at the end of the second quarter. FCA Corp TX’s holdings in Essex Property Trust were worth $232,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Capstone Asset Management Co. boosted its stake in shares of Essex Property Trust by 8.0% in the first quarter. Capstone Asset Management Co. now owns 6,387 shares of the real estate investment trust’s stock worth $1,479,000 after buying an additional 475 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of Essex Property Trust by 28.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 4,879 shares of the real estate investment trust’s stock worth $1,130,000 after buying an additional 1,087 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Essex Property Trust by 12.1% in the first quarter. Nationwide Fund Advisors now owns 82,860 shares of the real estate investment trust’s stock worth $19,185,000 after buying an additional 8,956 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Essex Property Trust by 3.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,747 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 52 shares in the last quarter. Finally, Korea Investment CORP boosted its stake in shares of Essex Property Trust by 41,654.5% in the first quarter. Korea Investment CORP now owns 32,151 shares of the real estate investment trust’s stock worth $7,444,000 after buying an additional 32,074 shares in the last quarter. 99.74% of the stock is owned by institutional investors and hedge funds.

Essex Property Trust, Inc. (ESS) opened at 264.20 on Tuesday. The company’s 50 day moving average is $260.79 and its 200-day moving average is $247.62. The company has a market cap of $17.43 billion, a price-to-earnings ratio of 33.97 and a beta of 0.52. Essex Property Trust, Inc. has a 12 month low of $200.01 and a 12 month high of $268.97.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.05. Essex Property Trust had a net margin of 38.33% and a return on equity of 8.03%. The firm had revenue of $339.06 million for the quarter, compared to analysts’ expectations of $336.17 million. During the same quarter last year, the company earned $2.74 EPS. On average, analysts expect that Essex Property Trust, Inc. will post $5.95 earnings per share for the current fiscal year.

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A number of research firms have weighed in on ESS. Zacks Investment Research upgraded shares of Essex Property Trust from a “sell” rating to a “hold” rating in a research report on Monday, April 24th. Mizuho upgraded shares of Essex Property Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $199.00 to $212.00 in a research report on Monday, May 1st. Canaccord Genuity set a $255.00 price target on shares of Essex Property Trust and gave the stock a “hold” rating in a research report on Monday, May 1st. Cantor Fitzgerald reiterated a “buy” rating and issued a $269.00 price target on shares of Essex Property Trust in a research report on Wednesday, May 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $267.00 price target (up from $248.00) on shares of Essex Property Trust in a research report on Tuesday, May 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $265.14.

In other Essex Property Trust news, insider Michael J. Schall sold 333 shares of Essex Property Trust stock in a transaction on Monday, July 10th. The shares were sold at an average price of $256.06, for a total transaction of $85,267.98. Following the sale, the insider now owns 45,096 shares of the company’s stock, valued at approximately $11,547,281.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Angela L. Kleiman sold 2,466 shares of Essex Property Trust stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $263.37, for a total transaction of $649,470.42. Following the sale, the insider now directly owns 9,643 shares in the company, valued at approximately $2,539,676.91. The disclosure for this sale can be found here. Insiders sold a total of 4,965 shares of company stock worth $1,301,988 in the last three months. 3.30% of the stock is owned by corporate insiders.

About Essex Property Trust

Essex Property Trust, Inc is a self-administered and self-managed real estate investment trust. The Company is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of predominantly apartment communities, located along the West Coast. Its segments include Southern California, Northern California, Seattle Metro and Other real estate assets.

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Institutional Ownership by Quarter for Essex Property Trust (NYSE:ESS)

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