Oakbrook Investments LLC raised its stake in shares of Essex Property Trust Inc. (NYSE:ESS) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,689 shares of the real estate investment trust’s stock after buying an additional 175 shares during the period. Oakbrook Investments LLC’s holdings in Essex Property Trust were worth $841,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ESS. HBK Investments L P acquired a new position in shares of Essex Property Trust during the first quarter valued at $934,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Essex Property Trust by 47.9% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,100 shares of the real estate investment trust’s stock valued at $1,619,000 after buying an additional 2,300 shares in the last quarter. Norges Bank bought a new stake in shares of Essex Property Trust during the fourth quarter valued at about $66,784,000. Legal & General Group Plc boosted its stake in shares of Essex Property Trust by 3.1% in the first quarter. Legal & General Group Plc now owns 400,591 shares of the real estate investment trust’s stock valued at $93,674,000 after buying an additional 12,029 shares in the last quarter. Finally, Chilton Capital Management LLC boosted its stake in shares of Essex Property Trust by 11.6% in the first quarter. Chilton Capital Management LLC now owns 68,643 shares of the real estate investment trust’s stock valued at $16,053,000 after buying an additional 7,121 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

Shares of Essex Property Trust Inc. (NYSE:ESS) remained flat at $221.97 during mid-day trading on Friday. The company had a trading volume of 440,546 shares. Essex Property Trust Inc. has a one year low of $191.25 and a one year high of $244.71. The firm has a market cap of $14.54 billion, a PE ratio of 53.37 and a beta of 0.85. The stock has a 50 day moving average price of $227.22 and a 200-day moving average price of $225.07.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings results on Friday, July 29th. The real estate investment trust reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.04. Essex Property Trust had a net margin of 22.25% and a return on equity of 4.38%. During the same quarter in the prior year, the company posted $2.40 earnings per share. On average, analysts expect that Essex Property Trust Inc. will post $11.01 EPS for the current fiscal year.

ESS has been the subject of several research reports. BTIG Research initiated coverage on shares of Essex Property Trust in a research note on Thursday, August 25th. They set a “buy” rating and a $260.00 price objective for the company. Jefferies Group cut shares of Essex Property Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $265.00 to $230.00 in a research note on Wednesday, June 8th. Barclays PLC boosted their price objective on shares of Essex Property Trust from $242.00 to $243.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 19th. Canaccord Genuity reissued a “hold” rating and set a $239.00 price objective (down from $246.00) on shares of Essex Property Trust in a research note on Monday, August 1st. Finally, Evercore Partners Inc. restated a “hold” rating on shares of Essex Property Trust in a research note on Friday, July 15th. Fifteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $245.50.

In other Essex Property Trust news, Director Keith R. Guericke sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $233.49, for a total value of $1,167,450.00. Following the completion of the transaction, the director now directly owns 63,750 shares of the company’s stock, valued at $14,884,987.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael J. Schall sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $222.23, for a total transaction of $2,222,300.00. Following the completion of the transaction, the chief executive officer now directly owns 47,954 shares of the company’s stock, valued at $10,656,817.42. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

Essex Property Trust Company Profile

Essex Property Trust, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns all of its interest in its real estate and other investments directly or indirectly through Essex Portfolio, L.P. (the Operating Partnership). The Company is engaged in the ownership, operation, management, acquisition, development and redevelopment of apartment communities.

5 Day Chart for NYSE:ESS

Want to see what other hedge funds are holding ESS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Essex Property Trust Inc. (NYSE:ESS).

Receive News & Ratings for Essex Property Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essex Property Trust Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.