Barclays PLC lowered its stake in Essex Property Trust Inc (NYSE:ESS) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 166,708 shares of the real estate investment trust’s stock after selling 2,718 shares during the quarter. Barclays PLC’s holdings in Essex Property Trust were worth $40,877,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Prudential Financial Inc. boosted its stake in shares of Essex Property Trust by 33.3% during the 3rd quarter. Prudential Financial Inc. now owns 109,483 shares of the real estate investment trust’s stock worth $27,011,000 after acquiring an additional 27,366 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Essex Property Trust by 10.2% during the 4th quarter. IFM Investors Pty Ltd now owns 3,787 shares of the real estate investment trust’s stock worth $929,000 after acquiring an additional 352 shares during the last quarter. Man Group plc boosted its stake in shares of Essex Property Trust by 50.6% during the 3rd quarter. Man Group plc now owns 24,056 shares of the real estate investment trust’s stock worth $5,936,000 after acquiring an additional 8,079 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Essex Property Trust by 25.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,520 shares of the real estate investment trust’s stock worth $8,710,000 after acquiring an additional 7,318 shares during the last quarter. Finally, Dean Investment Associates LLC boosted its stake in shares of Essex Property Trust by 1.1% during the 4th quarter. Dean Investment Associates LLC now owns 3,977 shares of the real estate investment trust’s stock worth $975,000 after acquiring an additional 42 shares during the last quarter. Institutional investors own 95.88% of the company’s stock.

Shares of ESS stock opened at $289.40 on Friday. The firm has a market cap of $19.01 billion, a PE ratio of 23.02, a PEG ratio of 3.83 and a beta of 0.47. Essex Property Trust Inc has a one year low of $226.22 and a one year high of $291.23. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.76 and a current ratio of 1.76.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Wednesday, January 30th. The real estate investment trust reported $3.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $3.19. The firm had revenue of $353.16 million for the quarter, compared to the consensus estimate of $351.76 million. Essex Property Trust had a net margin of 27.87% and a return on equity of 5.74%. During the same period last year, the firm earned $3.01 EPS. On average, equities analysts forecast that Essex Property Trust Inc will post 13.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be issued a $1.95 dividend. This is an increase from Essex Property Trust’s previous quarterly dividend of $1.86. This represents a $7.80 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Thursday, March 28th. Essex Property Trust’s payout ratio is currently 59.19%.

Several research analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Essex Property Trust from $260.00 to $292.00 and gave the stock an “overweight” rating in a research note on Monday, December 17th. ValuEngine upgraded shares of Essex Property Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Barclays upgraded shares of Essex Property Trust from a “neutral” rating to a “positive” rating in a research note on Monday, February 4th. Janney Montgomery Scott upgraded shares of Essex Property Trust from a “neutral” rating to a “buy” rating and set a $255.60 price target on the stock in a research note on Wednesday, December 19th. Finally, Citigroup set a $275.00 price objective on shares of Essex Property Trust and gave the company a “hold” rating in a research report on Tuesday, February 5th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $272.10.

In other Essex Property Trust news, Director Byron A. Scordelis sold 2,324 shares of Essex Property Trust stock in a transaction on Friday, February 8th. The shares were sold at an average price of $277.44, for a total value of $644,770.56. Following the sale, the director now directly owns 4,824 shares in the company, valued at approximately $1,338,370.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John D. Eudy sold 3,750 shares of Essex Property Trust stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $276.06, for a total transaction of $1,035,225.00. Following the completion of the sale, the insider now owns 14,205 shares in the company, valued at $3,921,432.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,406 shares of company stock worth $3,049,725. 3.40% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: “Barclays PLC Reduces Position in Essex Property Trust Inc (ESS)” was published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/barclays-plc-reduces-position-in-essex-property-trust-inc-ess/2896261.html.

Essex Property Trust Profile

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 245 apartment communities with an additional 6 properties in various stages of active development.

Read More: Why do commodities matter?

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).

Institutional Ownership by Quarter for Essex Property Trust (NYSE:ESS)

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