Manning & Napier Advisors LLC trimmed its position in Essex Property Trust, Inc. (NYSE:ESS) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,715 shares of the real estate investment trust’s stock after selling 475 shares during the period. Manning & Napier Advisors LLC’s holdings in Essex Property Trust were worth $3,229,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its stake in shares of Essex Property Trust by 145.3% in the second quarter. Tower Research Capital LLC TRC now owns 471 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 279 shares during the last quarter. Sun Life Financial INC grew its stake in shares of Essex Property Trust by 5,900.0% in the second quarter. Sun Life Financial INC now owns 480 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 472 shares during the last quarter. Breton Hill Capital Ltd. purchased a new stake in shares of Essex Property Trust in the third quarter worth $200,000. Wetherby Asset Management Inc. purchased a new stake in shares of Essex Property Trust during the second quarter valued at $203,000. Finally, Beaton Management Co. Inc. purchased a new stake in shares of Essex Property Trust during the second quarter valued at $207,000. 99.90% of the stock is currently owned by institutional investors.

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Shares of Essex Property Trust, Inc. (ESS) traded down $0.64 on Tuesday, reaching $250.21. The company had a trading volume of 283,000 shares, compared to its average volume of 345,788. The company has a market cap of $16,550.00, a P/E ratio of 21.44, a PEG ratio of 3.39 and a beta of 0.54. Essex Property Trust, Inc. has a 52 week low of $208.92 and a 52 week high of $270.04. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.83 and a quick ratio of 0.83.

In other Essex Property Trust news, CEO Michael J. Schall sold 333 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $257.92, for a total transaction of $85,887.36. Following the completion of the transaction, the chief executive officer now owns 45,096 shares in the company, valued at approximately $11,631,160.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig K. Zimmerman sold 167 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $255.50, for a total value of $42,668.50. Following the transaction, the insider now owns 10,450 shares of the company’s stock, valued at approximately $2,669,975. The disclosure for this sale can be found here. Insiders have sold a total of 8,599 shares of company stock valued at $2,274,958 in the last 90 days. 3.30% of the stock is currently owned by company insiders.

Several research firms recently commented on ESS. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Essex Property Trust in a research report on Sunday, November 12th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $279.00 price objective on shares of Essex Property Trust in a research report on Wednesday, November 8th. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of Essex Property Trust in a research report on Friday, November 3rd. Mizuho downgraded Essex Property Trust from a “neutral” rating to an “underperform” rating and set a $250.00 target price on the stock. in a report on Monday, November 6th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $270.00 target price on shares of Essex Property Trust in a report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Essex Property Trust has a consensus rating of “Hold” and a consensus target price of $266.87.

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.

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

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