Traders bought shares of Essex Property Trust Inc. (NYSE:ESS) on weakness during trading hours on Monday. $33.82 million flowed into the stock on the tick-up and $21.25 million flowed out of the stock on the tick-down, for a money net flow of $12.57 million into the stock. Of all equities tracked, Essex Property Trust had the 27th highest net in-flow for the day. Essex Property Trust traded down ($0.97) for the day and closed at $225.63

A number of analysts have issued reports on the company. Canaccord Genuity reaffirmed a “hold” rating on shares of Essex Property Trust in a research note on Monday, June 20th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Essex Property Trust in a research note on Saturday, June 4th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Essex Property Trust in a research note on Saturday, April 30th. Sandler O’Neill downgraded Essex Property Trust from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Finally, Mizuho downgraded Essex Property Trust from a “buy” rating to a “neutral” rating and cut their target price for the stock from $249.00 to $238.00 in a research note on Monday, May 2nd. Sixteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $243.68.

The firm has a 50 day moving average of $221.11 and a 200 day moving average of $222.05. The firm has a market cap of $14.76 billion and a price-to-earnings ratio of 59.98.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $2.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.61 by $0.07. During the same period in the previous year, the business earned $2.29 EPS. On average, equities research analysts forecast that Essex Property Trust Inc. will post $10.98 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a dividend of $1.60 per share. The ex-dividend date was Tuesday, June 28th. This represents a $6.40 annualized dividend and a dividend yield of 2.84%.

In related news, Director Irving F. Lyons III sold 2,678 shares of the stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $228.67, for a total transaction of $612,378.26. Following the completion of the sale, the director now directly owns 8,973 shares in the company, valued at $2,051,855.91. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael J. Schall sold 10,000 shares of the stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $222.23, for a total value of $2,222,300.00. Following the sale, the chief executive officer now owns 47,954 shares of the company’s stock, valued at $10,656,817.42. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in ESS. Janus Capital Management raised its stake in shares of Essex Property Trust by 1.7% in the third quarter. Janus Capital Management now owns 704,754 shares of the real estate investment trust’s stock valued at $157,456,000 after buying an additional 11,595 shares in the last quarter. Edge Asset Management Inc. raised its stake in shares of Essex Property Trust by 27.7% in the fourth quarter. Edge Asset Management Inc. now owns 67,246 shares of the real estate investment trust’s stock valued at $16,099,000 after buying an additional 14,576 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Essex Property Trust by 10.7% in the fourth quarter. Schroder Investment Management Group now owns 208,103 shares of the real estate investment trust’s stock valued at $49,822,000 after buying an additional 20,126 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in shares of Essex Property Trust by 3.4% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 111,724 shares of the real estate investment trust’s stock valued at $27,179,000 after buying an additional 3,636 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Essex Property Trust by 1.0% in the fourth quarter. Victory Capital Management Inc. now owns 318,091 shares of the real estate investment trust’s stock valued at $76,154,000 after buying an additional 3,147 shares in the last quarter.

Essex Property Trust, Inc is a fully integrated real estate investment trust (REIT). The Company acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. As of October 13, 2014, it had ownership interests in 242 apartment communities with an additional 11 properties in various stages of development or in the initial leasing phase.

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