GAM Holding AG boosted its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,259 shares of the real estate investment trust’s stock after buying an additional 172 shares during the period. GAM Holding AG’s holdings in Essex Property Trust were worth $2,639,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Essex Property Trust by 2.1% in the first quarter. Vanguard Group Inc. now owns 11,404,375 shares of the real estate investment trust’s stock valued at $2,640,455,000 after buying an additional 229,503 shares during the last quarter. BlackRock Inc. increased its stake in Essex Property Trust by 2,296.8% in the first quarter. BlackRock Inc. now owns 6,479,030 shares of the real estate investment trust’s stock valued at $1,500,090,000 after buying an additional 6,208,705 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Essex Property Trust by 0.7% in the first quarter. Daiwa Securities Group Inc. now owns 2,350,895 shares of the real estate investment trust’s stock valued at $544,303,000 after buying an additional 16,150 shares in the last quarter. Principal Financial Group Inc. increased its stake in Essex Property Trust by 1.6% in the first quarter. Principal Financial Group Inc. now owns 2,155,778 shares of the real estate investment trust’s stock valued at $499,156,000 after buying an additional 34,654 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Essex Property Trust by 38.3% in the second quarter. Bank of New York Mellon Corp now owns 1,488,052 shares of the real estate investment trust’s stock valued at $382,832,000 after buying an additional 412,316 shares in the last quarter. Institutional investors and hedge funds own 99.55% of the company’s stock.

Shares of Essex Property Trust, Inc. (ESS) opened at 266.07 on Tuesday. The company has a 50 day moving average price of $261.58 and a 200-day moving average price of $248.50. Essex Property Trust, Inc. has a 12 month low of $200.01 and a 12 month high of $268.97. The stock has a market cap of $17.56 billion, a P/E ratio of 34.21 and a beta of 0.52.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.05. Essex Property Trust had a net margin of 38.33% and a return on equity of 8.03%. The business had revenue of $339.06 million during the quarter, compared to analysts’ expectations of $336.17 million. During the same period last year, the business earned $2.74 earnings per share. On average, equities research analysts predict that Essex Property Trust, Inc. will post $5.95 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Essex Property Trust, Inc. (ESS) Shares Bought by GAM Holding AG” was first reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/essex-property-trust-inc-ess-shares-bought-by-gam-holding-ag/1529248.html.

Several equities research analysts have issued reports on ESS shares. BidaskClub downgraded Essex Property Trust from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Mizuho upgraded Essex Property Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $199.00 to $212.00 in a research report on Monday, May 1st. Cantor Fitzgerald restated a “buy” rating and set a $269.00 target price on shares of Essex Property Trust in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded Essex Property Trust from a “hold” rating to a “buy” rating and set a $283.00 target price on the stock in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $267.00 target price on shares of Essex Property Trust in a research report on Sunday, July 16th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Essex Property Trust currently has an average rating of “Hold” and a consensus price target of $265.54.

In other Essex Property Trust news, insider Angela L. Kleiman sold 2,466 shares of Essex Property Trust stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $263.37, for a total transaction of $649,470.42. Following the completion of the sale, the insider now directly owns 9,643 shares in the company, valued at $2,539,676.91. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Byron A. Scordelis sold 6,265 shares of Essex Property Trust stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $267.39, for a total transaction of $1,675,198.35. Following the sale, 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. Over the last quarter, insiders have sold 11,230 shares of company stock valued at $2,977,186. Company insiders own 3.30% of the company’s stock.

About Essex Property Trust

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)

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