MUFG Americas Holdings Corp lessened its stake in Essex Property Trust Inc (NYSE:ESS) by 8.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,316 shares of the real estate investment trust’s stock after selling 287 shares during the period. MUFG Americas Holdings Corp’s holdings in Essex Property Trust were worth $842,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ESS. Tower Research Capital LLC TRC increased its holdings in Essex Property Trust by 145.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 471 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 279 shares during the last quarter. Sun Life Financial INC boosted its position in Essex Property Trust by 5,900.0% in the 2nd quarter. Sun Life Financial INC now owns 480 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 472 shares during the period. Breton Hill Capital Ltd. purchased a new position in Essex Property Trust in the 3rd quarter valued at approximately $200,000. Wetherby Asset Management Inc. purchased a new position in Essex Property Trust in the 2nd quarter valued at approximately $203,000. Finally, Beaton Management Co. Inc. purchased a new position in Essex Property Trust in the 2nd quarter valued at approximately $207,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Several brokerages have commented on ESS. Royal Bank Of Canada reissued an “outperform” rating and issued a $276.00 price target (up previously from $267.00) on shares of Essex Property Trust in a research report on Sunday, August 13th. Barclays reissued a “buy” rating and issued a $283.00 price target on shares of Essex Property Trust in a research report on Thursday, October 19th. 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 target for the company. Mizuho cut shares of Essex Property Trust from a “neutral” rating to an “underperform” rating and set a $250.00 price target for the company. in a research report on Monday, November 6th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $257.00 price target on shares of Essex Property Trust in a research report on Monday, November 27th. Three 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. The stock currently has a consensus rating of “Hold” and an average target price of $269.50.

In other news, insider Craig K. Zimmerman sold 167 shares of Essex Property Trust stock in a transaction on Monday, September 11th. The shares were sold at an average price of $267.02, for a total transaction of $44,592.34. Following the completion of the sale, the insider now directly owns 10,450 shares of the company’s stock, valued at approximately $2,790,359. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary P. Martin sold 1,000 shares of Essex Property Trust stock in a transaction on Monday, November 6th. The stock was sold at an average price of $255.59, for a total transaction of $255,590.00. Following the sale, the director now directly owns 6,236 shares of the company’s stock, valued at $1,593,859.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,334 shares of company stock valued at $599,759. Corporate insiders own 3.30% of the company’s stock.

Essex Property Trust Inc (ESS) traded up $0.05 during trading on Friday, hitting $247.04. 388,856 shares of the stock traded hands, compared to its average volume of 304,796. The stock has a market cap of $16,310.49, a PE ratio of 21.11, a P/E/G ratio of 3.33 and a beta of 0.50. Essex Property Trust Inc has a 1-year low of $212.41 and a 1-year high of $270.04. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.88.

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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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