Essex Property Trust, Inc. (NYSE:ESS) CEO Michael J. Schall sold 334 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $255.50, for a total transaction of $85,337.00. Following the transaction, the chief executive officer now owns 45,097 shares of the company’s stock, valued at $11,522,283.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Essex Property Trust, Inc. (ESS) traded down $0.57 on Monday, hitting $256.38. 266,900 shares of the company traded hands, compared to its average volume of 347,687. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.83 and a quick ratio of 0.83. Essex Property Trust, Inc. has a twelve month low of $208.92 and a twelve month high of $270.04. The firm has a market capitalization of $17,070.00, a PE ratio of 21.91, a PEG ratio of 3.63 and a beta of 0.54.

The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a $1.75 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $7.00 annualized dividend and a dividend yield of 2.73%. Essex Property Trust’s dividend payout ratio is presently 87.72%.

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Several equities analysts have weighed in on the stock. Royal Bank Of Canada restated a “buy” rating on shares of Essex Property Trust in a report on Sunday. Cantor Fitzgerald restated a “buy” rating and set a $279.00 target price on shares of Essex Property Trust in a report on Wednesday, November 8th. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Essex Property Trust in a report on Friday, November 3rd. Mizuho downgraded shares of Essex Property Trust from a “neutral” rating to an “underperform” rating and set a $250.00 target price for the company. in a report on Monday, November 6th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $270.00 price target on shares of Essex Property Trust in a research note on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $266.87.

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its position in Essex Property Trust by 145.3% during the second quarter. Tower Research Capital LLC TRC now owns 471 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 279 shares in the last quarter. Sun Life Financial INC lifted its position in Essex Property Trust by 5,900.0% during the second quarter. Sun Life Financial INC now owns 480 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 472 shares in the last quarter. Breton Hill Capital Ltd. acquired a new position in Essex Property Trust during the third quarter valued at approximately $200,000. Wetherby Asset Management Inc. acquired a new position in Essex Property Trust during the second quarter valued at approximately $203,000. Finally, Beaton Management Co. Inc. acquired a new position in Essex Property Trust during the second quarter valued at approximately $207,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Essex Property Trust Company 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.

Insider Buying and Selling by Quarter for Essex Property Trust (NYSE:ESS)

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