Amalgamated Bank raised its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 55.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,371 shares of the real estate investment trust’s stock after acquiring an additional 2,641 shares during the quarter. Amalgamated Bank’s holdings in Essex Property Trust were worth $1,896,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Muzinich & Co. Inc. boosted its stake in Essex Property Trust by 246.5% in the first quarter. Muzinich & Co. Inc. now owns 551 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 392 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Essex Property Trust by 118.0% in the first quarter. Advisors Asset Management Inc. now owns 654 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 354 shares during the last quarter. FNY Partners Fund LP bought a new position in Essex Property Trust in the first quarter valued at approximately $165,000. Perigon Wealth Management LLC boosted its stake in Essex Property Trust by 835.2% in the first quarter. Perigon Wealth Management LLC now owns 823 shares of the real estate investment trust’s stock valued at $192,000 after acquiring an additional 735 shares during the last quarter. Finally, Wetherby Asset Management Inc. bought a new position in Essex Property Trust in the second quarter valued at approximately $203,000. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on ESS shares. BMO Capital Markets set a $255.00 price objective on shares of Essex Property Trust and gave the company a “hold” rating in a research note on Thursday, May 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $234.00 price objective on shares of Essex Property Trust in a research note on Tuesday, May 30th. Evercore ISI cut shares of Essex Property Trust from an “in-line” rating to an “underperform” rating and set a $261.00 price objective on the stock. in a research note on Monday, June 12th. BidaskClub raised shares of Essex Property Trust from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Finally, BTIG Research cut shares of Essex Property Trust from a “buy” rating to a “neutral” rating in a research note on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Essex Property Trust presently has an average rating of “Hold” and a consensus target price of $268.07.

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Shares of Essex Property Trust, Inc. (ESS) opened at 260.17 on Tuesday. The company has a 50-day moving average of $263.92 and a 200 day moving average of $252.61. Essex Property Trust, Inc. has a 52-week low of $200.01 and a 52-week high of $270.04. The company has a market capitalization of $17.17 billion, a PE ratio of 33.45 and a beta of 0.53.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $2.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.92 by $0.05. The business had revenue of $339.06 million for the quarter, compared to analyst estimates 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 in the prior year, the firm earned $2.74 earnings per share. Analysts predict that Essex Property Trust, Inc. will post $5.89 earnings per share for the current year.

In other Essex Property Trust news, insider John D. Eudy sold 166 shares of the firm’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $253.79, for a total value of $42,129.14. Following the transaction, the insider now directly owns 8,596 shares of the company’s stock, valued at $2,181,578.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Byron A. Scordelis sold 6,265 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $267.39, for a total transaction of $1,675,198.35. Following the completion of the transaction, the director now directly owns 4,986 shares in the company, valued at $1,333,206.54. The disclosure for this sale can be found here. Insiders sold 11,314 shares of company stock worth $2,999,949 over the last ninety days. Insiders own 3.30% of the company’s stock.

Essex Property Trust 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.

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

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