Essex Property Trust Inc (NYSE:ESS) CFO Angela L. Kleiman sold 84 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $263.97, for a total value of $22,173.48. Following the completion of the transaction, the chief financial officer now owns 7,261 shares of the company’s stock, valued at $1,916,686.17. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Essex Property Trust Inc (NYSE ESS) traded down 1.29% during midday trading on Friday, hitting $259.14. The stock had a trading volume of 216,120 shares. Essex Property Trust Inc has a 52 week low of $200.01 and a 52 week high of $268.97. The firm has a market cap of $17.10 billion, a P/E ratio of 33.32 and a beta of 0.52. The company’s 50 day moving average is $260.52 and its 200 day moving average is $245.65.

Essex Property Trust (NYSE:ESS) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $2.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.92 by $0.05. The company had revenue of $339.06 million for the quarter, compared to analysts’ expectations of $336.17 million. Essex Property Trust had a return on equity of 4.51% and a net margin of 22.35%. During the same quarter in the previous year, the firm earned $2.74 earnings per share. On average, equities analysts predict that Essex Property Trust Inc will post $5.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $7.00 annualized dividend and a dividend yield of 2.70%. Essex Property Trust’s payout ratio is 89.97%.

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Several equities research analysts have commented on ESS shares. Cantor Fitzgerald restated a “buy” rating and issued a $269.00 target price on shares of Essex Property Trust in a research note on Wednesday, May 3rd. Mizuho upgraded Essex Property Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $199.00 to $212.00 in a research note on Monday, May 1st. BidaskClub cut Essex Property Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded Essex Property Trust from a “hold” rating to a “buy” rating and set a $283.00 target price on the stock in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $267.00 target price on shares of Essex Property Trust in a research note on Sunday, July 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $263.46.

Several hedge funds and other institutional investors have recently made changes to their positions in ESS. IFP Advisors Inc raised its stake in shares of Essex Property Trust by 0.3% in the second 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 during the period. BTR Capital Management Inc. raised its stake in shares of Essex Property Trust by 0.7% in the second 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 during the period. Bbva Compass Bancshares Inc. raised its stake in shares of Essex Property Trust by 1.4% in the second 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 during the period. CIBC Asset Management Inc raised its stake in shares of Essex Property Trust by 0.3% in the second 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 during the period. Finally, Tiemann Investment Advisors LLC raised its stake in shares of Essex Property Trust by 0.6% in the first quarter. Tiemann Investment Advisors LLC now owns 4,050 shares of the real estate investment trust’s stock worth $938,000 after buying an additional 25 shares during the period. 98.88% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Essex Property Trust (NYSE:ESS)

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