Mutual of America Capital Management LLC boosted its position in shares of Essex Property Trust Inc. (NYSE:ESS) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,331 shares of the real estate investment trust’s stock after buying an additional 145 shares during the period. Mutual of America Capital Management LLC’s holdings in Essex Property Trust were worth $2,078,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ESS. Washington Trust Bank raised its stake in Essex Property Trust by 1.3% in the third quarter. Washington Trust Bank now owns 472 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 6 shares in the last quarter. Hanson McClain Inc. increased its stake in shares of Essex Property Trust by 0.5% in the second quarter. Hanson McClain Inc. now owns 608 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 3 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Essex Property Trust by 19.3% in the second quarter. Checchi Capital Advisers LLC now owns 680 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 110 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of Essex Property Trust by 110.2% in the second quarter. Global X Management Co. LLC now owns 763 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 400 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd bought a new stake in shares of Essex Property Trust during the third quarter worth about $200,000. Institutional investors and hedge funds own 98.05% of the company’s stock.

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

Essex Property Trust Inc. (NYSE:ESS) traded up 0.02% during midday trading on Wednesday, hitting $215.92. 576,047 shares of the stock traded hands. The firm has a market cap of $14.15 billion, a PE ratio of 47.92 and a beta of 0.54. Essex Property Trust Inc. has a 12 month low of $191.25 and a 12 month high of $244.71. The company’s 50 day moving average price is $212.43 and its 200 day moving average price is $221.12.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $2.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $0.05. Essex Property Trust had a net margin of 23.54% and a return on equity of 4.76%. The firm had revenue of $329.17 million for the quarter, compared to the consensus estimate of $325.44 million. During the same quarter in the prior year, the company posted $2.49 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts predict that Essex Property Trust Inc. will post $11.04 earnings per share for the current fiscal year.

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A number of brokerages have recently issued reports on ESS. Barclays PLC reaffirmed a “hold” rating and set a $232.00 price target on shares of Essex Property Trust in a report on Tuesday, November 8th. Canaccord Genuity dropped their price target on shares of Essex Property Trust from $246.00 to $219.00 and set a “hold” rating on the stock in a report on Monday, October 31st. Jefferies Group raised their price target on shares of Essex Property Trust from $209.00 to $210.00 and gave the company a “hold” rating in a report on Wednesday, August 10th. Evercore ISI raised shares of Essex Property Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $234.00 to $238.00 in a report on Monday. Finally, Bank of America Corp. downgraded shares of Essex Property Trust from a “buy” rating to a “neutral” rating and set a $232.00 price target on the stock. in a report on Wednesday, November 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Essex Property Trust has an average rating of “Hold” and an average target price of $241.94.

In related news, insider John D. Eudy sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $226.41, for a total value of $566,025.00. Following the transaction, the insider now owns 9,268 shares in the company, valued at approximately $2,098,367.88. The sale was disclosed in a filing with the SEC, which is available through this link. 3.50% of the stock is currently owned by corporate insiders.

Essex Property Trust Company Profile

Essex Property Trust, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns all of its interest in its real estate and other investments directly or indirectly through Essex Portfolio, L.P. (the Operating Partnership). The Company is engaged in the ownership, operation, management, acquisition, development and redevelopment of apartment communities.

5 Day Chart for NYSE:ESS

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