Rhumbline Advisers grew its stake in Essex Property Trust, Inc. (NYSE:ESS) by 6.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,981 shares of the real estate investment trust’s stock after purchasing an additional 8,648 shares during the quarter. Rhumbline Advisers owned approximately 0.21% of Essex Property Trust worth $34,797,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Essex Property Trust in the third quarter valued at approximately $4,556,000. Toronto Dominion Bank lifted its holdings in shares of Essex Property Trust by 12.6% in the third quarter. Toronto Dominion Bank now owns 25,015 shares of the real estate investment trust’s stock valued at $6,354,000 after purchasing an additional 2,794 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Essex Property Trust by 1.7% in the third quarter. New York State Common Retirement Fund now owns 146,200 shares of the real estate investment trust’s stock valued at $37,139,000 after purchasing an additional 2,400 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Essex Property Trust by 0.7% during the third quarter. Retirement Systems of Alabama now owns 32,014 shares of the real estate investment trust’s stock valued at $8,133,000 after acquiring an additional 208 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Essex Property Trust by 144.4% during the third quarter. BNP Paribas Arbitrage SA now owns 118,302 shares of the real estate investment trust’s stock valued at $30,052,000 after acquiring an additional 69,902 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

A number of analysts recently commented on ESS shares. Zacks Investment Research raised Essex Property Trust from a “hold” rating to a “buy” rating and set a $289.00 price target for the company in a research report on Tuesday, October 10th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $278.00 price target on shares of Essex Property Trust in a research report on Thursday, July 27th. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of Essex Property Trust in a research report on Friday, November 3rd. Barclays PLC reaffirmed an “overweight” rating and set a $280.00 price target (up from $269.00) on shares of Essex Property Trust in a research report on Monday, August 21st. Finally, Raymond James Financial, Inc. downgraded Essex Property Trust from an “outperform” rating to a “hold” rating and set a $270.00 price target for the company. in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $266.87.

Essex Property Trust, Inc. (NYSE ESS) opened at $253.94 on Friday. Essex Property Trust, Inc. has a twelve month low of $208.92 and a twelve month high of $270.04. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $16,760.00, a price-to-earnings ratio of 21.56, a PEG ratio of 3.40 and a beta of 0.54.

In other news, CEO Michael J. Schall sold 334 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $255.50, for a total value of $85,337.00. Following the completion of the transaction, the chief executive officer now directly owns 45,097 shares of the company’s stock, valued at $11,522,283.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig K. Zimmerman sold 167 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $255.50, for a total value of $42,668.50. Following the completion of the transaction, the insider now directly owns 10,450 shares of the company’s stock, valued at $2,669,975. The disclosure for this sale can be found here. Insiders sold 8,599 shares of company stock valued at $2,274,958 over the last ninety days. Corporate insiders own 3.30% of the company’s stock.

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Essex Property Trust Company 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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