Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Essex Property Trust, Inc. (NYSE:ESS) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,874 shares of the real estate investment trust’s stock after buying an additional 12 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Essex Property Trust were worth $1,254,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ESS. BlackRock Inc. boosted its position in Essex Property Trust by 2,296.8% in the 1st quarter. BlackRock Inc. now owns 6,479,030 shares of the real estate investment trust’s stock valued at $1,500,090,000 after buying an additional 6,208,705 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Essex Property Trust by 38.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,488,052 shares of the real estate investment trust’s stock valued at $382,832,000 after buying an additional 412,316 shares during the last quarter. American Century Companies Inc. purchased a new position in Essex Property Trust in the 2nd quarter valued at about $61,713,000. Vanguard Group Inc. boosted its position in Essex Property Trust by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 11,404,375 shares of the real estate investment trust’s stock valued at $2,640,455,000 after buying an additional 229,503 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in Essex Property Trust by 173.3% in the 1st quarter. NN Investment Partners Holdings N.V. now owns 230,793 shares of the real estate investment trust’s stock valued at $53,435,000 after buying an additional 146,356 shares during the last quarter. 99.55% of the stock is owned by institutional investors.

A number of research firms have weighed in on ESS. Stifel Nicolaus began coverage on shares of Essex Property Trust in a research report on Friday, September 1st. They issued a “buy” rating and a $294.00 price objective for the company. BidaskClub raised shares of Essex Property Trust from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. Barclays PLC reissued an “overweight” rating and issued a $280.00 price objective (up from $269.00) on shares of Essex Property Trust in a research report on Monday, August 21st. Morgan Stanley upped their price objective on shares of Essex Property Trust from $260.00 to $267.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. Finally, Royal Bank Of Canada increased their price target on shares of Essex Property Trust from $267.00 to $276.00 and gave the stock an “outperform” rating in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $267.57.

Essex Property Trust, Inc. (NYSE ESS) opened at 266.58 on Monday. The company has a market cap of $17.59 billion, a PE ratio of 34.28 and a beta of 0.53. The firm has a 50-day moving average of $264.08 and a 200-day moving average of $250.99. Essex Property Trust, Inc. has a one year low of $200.01 and a one year high of $268.97.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $2.97 EPS for the quarter, beating the Zacks’ consensus estimate of $2.92 by $0.05. Essex Property Trust had a net margin of 38.33% and a return on equity of 8.03%. The firm had revenue of $339.06 million for the quarter, compared to analyst estimates of $336.17 million. During the same period in the previous year, the business earned $2.74 earnings per share. On average, analysts predict that Essex Property Trust, Inc. will post $5.95 EPS for the current year.

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In other news, insider Michael J. Schall sold 333 shares of the company’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 transaction, the insider now directly owns 45,096 shares in the company, valued at $11,547,281.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John D. Eudy sold 166 shares of the company’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 transaction, the insider now owns 8,596 shares in the company, valued at $2,181,578.84. The disclosure for this sale can be found here. Insiders have sold 11,147 shares of company stock worth $2,955,357 over the last quarter. 3.30% of the stock is owned by company insiders.

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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