Investors purchased shares of Essex Property Trust, Inc. (NYSE:ESS) on weakness during trading on Thursday. $44.47 million flowed into the stock on the tick-up and $19.02 million flowed out of the stock on the tick-down, for a money net flow of $25.45 million into the stock. Of all stocks tracked, Essex Property Trust had the 21st highest net in-flow for the day. Essex Property Trust traded down ($0.38) for the day and closed at $265.97

ESS has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $278.00 price target on shares of Essex Property Trust in a report on Thursday, July 27th. Barclays PLC upped their price target on shares of Essex Property Trust from $267.00 to $269.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Zacks Investment Research raised shares of Essex Property Trust from a “hold” rating to a “buy” rating and set a $289.00 price target on the stock in a report on Tuesday, July 18th. BTIG Research downgraded shares of Essex Property Trust from a “buy” rating to a “neutral” rating in a report on Friday, June 30th. Finally, BidaskClub raised shares of Essex Property Trust from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Essex Property Trust presently has a consensus rating of “Hold” and a consensus price target of $267.57.

The company has a 50-day moving average of $263.30 and a 200 day moving average of $249.89. The company has a market capitalization of $17.54 billion, a PE ratio of 34.17 and a beta of 0.53.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $2.97 EPS for the quarter, topping the consensus estimate of $2.92 by $0.05. The business had revenue of $339.06 million during the quarter, compared to analysts’ expectations of $336.17 million. Essex Property Trust had a net margin of 38.33% and a return on equity of 8.03%. During the same period last year, the company posted $2.74 earnings per share. On average, equities research analysts expect that Essex Property Trust, Inc. will post $5.95 EPS for the current fiscal year.

In related news, insider Michael J. Schall sold 333 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $256.06, for a total transaction of $85,267.98. Following the completion of the sale, the insider now directly owns 45,096 shares in the company, valued at $11,547,281.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John D. Eudy sold 166 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $253.79, for a total transaction of $42,129.14. Following the sale, the insider now owns 8,596 shares of the company’s stock, valued at $2,181,578.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,230 shares of company stock valued at $2,977,186. 3.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Candriam Luxembourg S.C.A. boosted its stake in Essex Property Trust by 28.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 4,879 shares of the real estate investment trust’s stock valued at $1,130,000 after buying an additional 1,087 shares in the last quarter. Glen Harbor Capital Management LLC boosted its stake in Essex Property Trust by 19.4% in the first quarter. Glen Harbor Capital Management LLC now owns 3,276 shares of the real estate investment trust’s stock valued at $759,000 after buying an additional 532 shares in the last quarter. IFP Advisors Inc boosted its stake in Essex Property Trust by 3.6% in the first quarter. IFP Advisors Inc now owns 1,571 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 55 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Essex Property Trust by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 6,905 shares of the real estate investment trust’s stock valued at $1,599,000 after buying an additional 100 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Essex Property Trust by 194.1% in the first quarter. Canada Pension Plan Investment Board now owns 65,005 shares of the real estate investment trust’s stock valued at $15,051,000 after buying an additional 42,900 shares in the last quarter. Institutional investors and hedge funds own 99.55% of the company’s stock.

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About Essex Property Trust

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.