1st Global Advisors Inc. grew its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,098 shares of the real estate investment trust’s stock after buying an additional 280 shares during the quarter. 1st Global Advisors Inc.’s holdings in Essex Property Trust were worth $1,312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc lifted its position in shares of Essex Property Trust by 0.3% during the 2nd quarter. IFP Advisors Inc now owns 1,575 shares of the real estate investment trust’s stock worth $405,000 after buying an additional 4 shares in the last quarter. BTR Capital Management Inc. lifted its position in shares of Essex Property Trust by 0.7% during the 2nd quarter. BTR Capital Management Inc. now owns 1,587 shares of the real estate investment trust’s stock worth $408,000 after buying an additional 11 shares in the last quarter. Bbva Compass Bancshares Inc. lifted its position in shares of Essex Property Trust by 1.4% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 1,140 shares of the real estate investment trust’s stock worth $293,000 after buying an additional 16 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Essex Property Trust by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 7,065 shares of the real estate investment trust’s stock worth $1,818,000 after buying an additional 24 shares in the last quarter. Finally, Alps Advisors Inc. lifted its position in shares of Essex Property Trust by 0.5% during the 2nd quarter. Alps Advisors Inc. now owns 5,598 shares of the real estate investment trust’s stock worth $1,440,000 after buying an additional 30 shares in the last quarter. 99.46% of the stock is currently owned by hedge funds and other institutional investors.

In other Essex Property Trust news, insider John D. Eudy sold 166 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $257.92, for a total value of $42,814.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael J. Schall sold 333 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $263.97, for a total transaction of $87,902.01. Following the completion of the transaction, the chief executive officer now owns 45,096 shares in the company, valued at $11,903,991.12. The disclosure for this sale can be found here. Insiders sold 11,397 shares of company stock worth $3,022,662 over the last quarter. Insiders own 3.30% of the company’s stock.

Several equities analysts have commented on ESS shares. BidaskClub cut shares of Essex Property Trust from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Royal Bank Of Canada reissued a “buy” rating and set a $267.00 target price on shares of Essex Property Trust in a research report on Sunday, July 16th. Zacks Investment Research raised shares of Essex Property Trust from a “hold” rating to a “buy” rating and set a $283.00 target price on the stock in a research report on Tuesday, July 11th. Cantor Fitzgerald reissued a “buy” rating and set a $278.00 target price on shares of Essex Property Trust in a research report on Thursday, July 27th. Finally, Stifel Nicolaus started coverage on shares of Essex Property Trust in a research report on Friday, September 1st. They set a “buy” rating and a $294.00 target price on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Essex Property Trust has a consensus rating of “Hold” and an average price target of $268.07.

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Shares of Essex Property Trust, Inc. (NYSE ESS) traded up 0.08% during midday trading on Friday, hitting $261.30. 63,976 shares of the stock traded hands. Essex Property Trust, Inc. has a 52 week low of $200.01 and a 52 week high of $270.04. The company’s 50-day moving average is $260.23 and its 200 day moving average is $255.48. The firm has a market capitalization of $17.24 billion, a PE ratio of 33.60 and a beta of 0.53.

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 for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $339.06 million for the quarter, compared to the consensus estimate of $336.17 million. During the same period last year, the firm earned $2.74 earnings per share. Analysts anticipate that Essex Property Trust, Inc. will post $5.89 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $1.75 dividend. The ex-dividend date is Thursday, September 28th. This represents a $7.00 annualized dividend and a yield of 2.68%. Essex Property Trust’s payout ratio is presently 89.97%.

Essex Property Trust Profile

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.

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

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