Beacon Investment Advisory Services Inc. bought a new position in shares of Essex Property Trust Inc (NYSE:ESS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 789 shares of the real estate investment trust’s stock, valued at approximately $200,000.

A number of other large investors also recently added to or reduced their stakes in ESS. Alps Advisors Inc. boosted its holdings in shares of Essex Property Trust by 0.5% in the 2nd quarter. Alps Advisors Inc. now owns 5,598 shares of the real estate investment trust’s stock valued at $1,440,000 after acquiring an additional 30 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Essex Property Trust by 1.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 4,821 shares of the real estate investment trust’s stock valued at $1,240,000 after acquiring an additional 49 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Essex Property Trust by 0.8% in the 2nd quarter. Lazard Asset Management LLC now owns 11,436 shares of the real estate investment trust’s stock valued at $2,942,000 after acquiring an additional 88 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Essex Property Trust by 5.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 1,843 shares of the real estate investment trust’s stock valued at $474,000 after acquiring an additional 95 shares during the last quarter. Finally, Kemper Corp Master Retirement Trust boosted its holdings in shares of Essex Property Trust by 5.3% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 1,998 shares of the real estate investment trust’s stock valued at $514,000 after acquiring an additional 100 shares during the last quarter. 97.26% of the stock is currently owned by institutional investors.

Several analysts have recently commented on the stock. Stifel Nicolaus began coverage on shares of Essex Property Trust in a report on Friday, September 1st. They issued a “buy” rating and a $294.00 price objective on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $280.00 target price on shares of Essex Property Trust in a research note on Wednesday, September 13th. Robert W. Baird reiterated a “buy” rating and issued a $273.00 target price on shares of Essex Property Trust in a research note on Tuesday, September 12th. BidaskClub upgraded shares of Essex Property Trust from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. Finally, Morgan Stanley boosted their target price on shares of Essex Property Trust from $260.00 to $267.00 and gave the company an “overweight” rating in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $271.19.

Essex Property Trust Inc (NYSE ESS) traded down $1.17 during trading hours on Thursday, reaching $247.98. 367,900 shares of the company’s stock 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 firm has a market capitalization 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 disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 2.82%. Essex Property Trust’s dividend payout ratio is presently 87.61%.

In other Essex Property Trust news, insider Craig K. Zimmerman sold 167 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $255.50, for a total transaction of $42,668.50. Following the completion of the transaction, the insider now directly owns 10,450 shares in the company, valued at $2,669,975. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John D. Eudy sold 166 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $257.92, for a total transaction of $42,814.72. The disclosure for this sale can be found here. Insiders have sold 10,269 shares of company stock valued at $2,558,882 over the last 90 days. 3.30% of the stock is currently owned by company insiders.

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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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