Oakbrook Investments LLC raised its position in Essex Property Trust Inc. (NYSE:ESS) by 5.0% during the second quarter, according to its most recent disclosure with the SEC. The firm 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 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Shinko Asset Management Co. Ltd. boosted its position in Essex Property Trust by 21.7% in the second quarter. Shinko Asset Management Co. Ltd. now owns 811,598 shares of the real estate investment trust’s stock worth $185,117,000 after buying an additional 144,909 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in Essex Property Trust by 19.3% in the second quarter. Checchi Capital Advisers LLC now owns 680 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 110 shares during the last quarter. LS Investment Advisors LLC boosted its position in Essex Property Trust by 1.6% in the second quarter. LS Investment Advisors LLC now owns 2,734 shares of the real estate investment trust’s stock worth $624,000 after buying an additional 44 shares during the last quarter. Quadrant Capital Management LLC boosted its position in Essex Property Trust by 0.8% in the second quarter. Quadrant Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock worth $1,503,000 after buying an additional 50 shares during the last quarter. Finally, IBM Retirement Fund boosted its position in Essex Property Trust by 0.4% in the second quarter. IBM Retirement Fund now owns 7,727 shares of the real estate investment trust’s stock worth $1,840,000 after buying an additional 32 shares during the last quarter. 99.24% of the stock is owned by institutional investors.

Essex Property Trust Inc. (NYSE:ESS) remained flat at $221.97 on Friday. The company’s stock had a trading volume of 440,546 shares. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 53.37 and a beta of 0.85. Essex Property Trust Inc. has a 52-week low of $191.25 and a 52-week high of $244.71. The firm 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 issued its quarterly earnings results on Friday, July 29th. The real estate investment trust reported $2.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.70 by $0.04. Essex Property Trust had a return on equity of 4.38% and a net margin of 22.25%. During the same period in the prior year, the firm posted $2.40 earnings per share. Analysts expect that Essex Property Trust Inc. will post $11.01 earnings per share for the current year.

A number of equities analysts recently weighed in on the company. BTIG Research assumed coverage on Essex Property Trust in a report on Thursday, August 25th. They issued a “buy” rating and a $260.00 price target for the company. Jefferies Group upped their price target on Essex Property Trust from $209.00 to $210.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. Canaccord Genuity reaffirmed a “hold” rating and issued a $239.00 price target (down previously from $246.00) on shares of Essex Property Trust in a report on Monday, August 1st. Barclays PLC upped their price target on Essex Property Trust from $242.00 to $243.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 19th. Finally, Evercore Partners Inc. reissued a “hold” rating on shares of Essex Property Trust in a report on Friday, July 15th. Fifteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $245.50.

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

About Essex Property Trust

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.

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