Barings LLC purchased a new stake in Essex Property Trust Inc (NYSE:ESS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 250,165 shares of the real estate investment trust’s stock, valued at approximately $63,549,000. Essex Property Trust comprises approximately 1.1% of Barings LLC’s investment portfolio, making the stock its 5th biggest position. Barings LLC owned 0.38% of Essex Property Trust at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ESS. US Bancorp DE boosted its holdings in Essex Property Trust by 4.3% in the second quarter. US Bancorp DE now owns 5,771 shares of the real estate investment trust’s stock valued at $1,485,000 after purchasing an additional 237 shares during the last quarter. Shell Asset Management Co. boosted its holdings in Essex Property Trust by 3.3% in the second quarter. Shell Asset Management Co. now owns 8,430 shares of the real estate investment trust’s stock valued at $2,169,000 after purchasing an additional 268 shares during the last quarter. Bowling Portfolio Management LLC purchased a new stake in Essex Property Trust in the second quarter valued at $1,030,000. IBM Retirement Fund boosted its holdings in Essex Property Trust by 120.1% in the second quarter. IBM Retirement Fund now owns 1,602 shares of the real estate investment trust’s stock valued at $461,000 after purchasing an additional 874 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. boosted its holdings in 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 valued at $293,000 after purchasing an additional 16 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

In related news, insider Craig K. Zimmerman sold 167 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $255.50, for a total transaction of $42,668.50. Following the completion of the transaction, the insider now owns 10,450 shares in the company, valued at approximately $2,669,975. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John D. Eudy sold 166 shares of the company’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $257.92, for a total transaction of $42,814.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,334 shares of company stock valued at $599,759. Insiders own 3.30% of the company’s stock.

Essex Property Trust Inc (ESS) opened at $246.77 on Wednesday. Essex Property Trust Inc has a 1 year low of $211.04 and a 1 year high of $270.04. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $16,533.69, a PE ratio of 21.40, a P/E/G ratio of 3.38 and a beta of 0.54.

Several equities research analysts have recently issued reports on ESS shares. Royal Bank Of Canada reissued an “outperform” rating and set a $276.00 target price (up from $267.00) on shares of Essex Property Trust in a research note on Sunday, August 13th. Robert W. Baird reissued a “buy” rating and set a $273.00 target price on shares of Essex Property Trust in a research note on Tuesday, October 17th. BidaskClub raised shares of Essex Property Trust from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. Morgan Stanley increased their target price on shares of Essex Property Trust from $260.00 to $267.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 16th. Finally, Stifel Nicolaus started coverage on shares of Essex Property Trust in a research note on Friday, September 1st. They set a “buy” rating and a $294.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $269.50.

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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.

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

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