BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Essex Property Trust Inc (NYSE:ESS) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,110 shares of the real estate investment trust’s stock after acquiring an additional 194 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Essex Property Trust were worth $5,363,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ESS. Quantitative Systematic Strategies LLC acquired a new stake in shares of Essex Property Trust in the 3rd quarter valued at about $807,000. LMR Partners LLP grew its stake in shares of Essex Property Trust by 15.7% in the 2nd quarter. LMR Partners LLP now owns 3,263 shares of the real estate investment trust’s stock valued at $840,000 after buying an additional 443 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Essex Property Trust in the 2nd quarter valued at about $2,102,000. Principal Financial Group Inc. grew its stake in shares of Essex Property Trust by 4.3% in the 2nd quarter. Principal Financial Group Inc. now owns 2,247,592 shares of the real estate investment trust’s stock valued at $578,237,000 after buying an additional 91,814 shares during the period. Finally, Honeywell International Inc. grew its stake in shares of Essex Property Trust by 27.8% in the 3rd quarter. Honeywell International Inc. now owns 21,692 shares of the real estate investment trust’s stock valued at $5,510,000 after buying an additional 4,712 shares during the period. Hedge funds and other institutional investors own 97.26% of the company’s stock.

In related news, CFO Angela L. Kleiman sold 600 shares of Essex Property Trust stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $247.16, for a total value of $148,296.00. Following the completion of the transaction, the chief financial officer now directly owns 7,777 shares in the company, valued at approximately $1,922,163.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael J. Schall sold 333 shares of Essex Property Trust stock in a transaction that occurred on Tuesday, October 10th. The shares were 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 of the company’s stock, valued at $11,631,160.32. The disclosure for this sale can be found here. Insiders sold a total of 10,269 shares of company stock worth $2,558,882 in the last ninety days. 3.30% of the stock is currently owned by insiders.

Several brokerages have recently commented on ESS. BTIG Research upgraded Essex Property Trust from a “neutral” rating to a “buy” rating and set a $273.00 target price for the company in a research note on Wednesday. Citigroup upgraded Essex Property Trust from a “neutral” rating to a “buy” rating and set a $280.00 price target for the company in a research note on Thursday. Barclays reiterated a “buy” rating and set a $283.00 price target on shares of Essex Property Trust in a research note on Thursday, October 19th. Stifel Nicolaus assumed coverage on Essex Property Trust in a research note on Friday, September 1st. They set a “buy” rating and a $294.00 price target for the company. Finally, Mizuho downgraded Essex Property Trust from a “neutral” rating to an “underperform” rating and set a $250.00 price target for the company. in a research note on Monday, November 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $271.19.

Essex Property Trust Inc (NYSE:ESS) traded down $1.17 during trading hours on Thursday, hitting $247.98. 367,900 shares of the company were exchanged, compared to its average volume of 347,678. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market cap of $16,453.13, a PE ratio of 21.30, a PEG ratio of 3.36 and a beta of 0.50. Essex Property Trust Inc has a 52 week low of $216.71 and a 52 week high of $270.04.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 2.82%. Essex Property Trust’s dividend payout ratio (DPR) is presently 87.61%.

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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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