Timber Hill LLC acquired a new stake in Essex Property Trust, Inc. (NYSE:ESS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,447 shares of the real estate investment trust’s stock, valued at approximately $368,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ESS. Gateway Investment Advisers LLC boosted its holdings in Essex Property Trust by 1.5% in the 2nd quarter. Gateway Investment Advisers LLC now owns 5,655 shares of the real estate investment trust’s stock valued at $1,455,000 after purchasing an additional 83 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Essex Property Trust in the 2nd quarter valued at approximately $448,000. Nisa Investment Advisors LLC boosted its holdings in Essex Property Trust by 36.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 18,801 shares of the real estate investment trust’s stock valued at $4,835,000 after purchasing an additional 4,978 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Essex Property Trust by 2.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 4,100 shares of the real estate investment trust’s stock valued at $1,055,000 after purchasing an additional 100 shares in the last quarter. Finally, Aperio Group LLC boosted its holdings in Essex Property Trust by 11.0% in the 2nd quarter. Aperio Group LLC now owns 27,810 shares of the real estate investment trust’s stock valued at $7,155,000 after purchasing an additional 2,756 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Shares of Essex Property Trust, Inc. (ESS) traded up $1.79 on Friday, reaching $253.94. The company’s stock had a trading volume of 299,100 shares, compared to its average volume of 346,577. 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 firm has a market cap of $16,760.00, a P/E ratio of 21.56, a PEG ratio of 3.40 and a beta of 0.54. Essex Property Trust, Inc. has a 52 week low of $208.92 and a 52 week high of $270.04.

In other Essex Property Trust news, CEO Michael J. Schall sold 333 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $257.92, for a total value of $85,887.36. Following the completion of the transaction, the chief executive officer now directly owns 45,096 shares in the company, valued at approximately $11,631,160.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Byron A. Scordelis sold 6,265 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $267.39, for a total value of $1,675,198.35. Following the completion of the transaction, the director now owns 4,986 shares of the company’s stock, valued at $1,333,206.54. The disclosure for this sale can be found here. Insiders sold a total of 8,599 shares of company stock valued at $2,274,958 over the last quarter. 3.30% of the stock is currently owned by insiders.

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Several brokerages have recently commented on ESS. Royal Bank Of Canada reissued an “outperform” rating and set a $276.00 price target (up previously from $267.00) on shares of Essex Property Trust in a research note on Sunday, August 13th. Stifel Nicolaus began coverage on Essex Property Trust in a research note on Friday, September 1st. They set a “buy” rating and a $294.00 price target on the stock. Canaccord Genuity set a $270.00 price target on Essex Property Trust and gave the stock a “hold” rating in a research note on Monday, July 31st. Barclays PLC reissued a “buy” rating and set a $283.00 price target on shares of Essex Property Trust in a research note on Thursday, October 19th. Finally, Mizuho lowered Essex Property Trust from a “neutral” rating to an “underperform” rating and set a $250.00 price target on the stock. in a research note on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $266.87.

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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