GSA Capital Partners LLP acquired a new stake in shares of Essex Property Trust Inc (NYSE:ESS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,676 shares of the real estate investment trust’s stock, valued at approximately $1,696,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ESS. Janus Henderson Group PLC boosted its stake in Essex Property Trust by 292.6% during the 3rd quarter. Janus Henderson Group PLC now owns 469,858 shares of the real estate investment trust’s stock valued at $119,358,000 after acquiring an additional 350,192 shares during the last quarter. Koch Industries Inc. bought a new position in Essex Property Trust during the 2nd quarter valued at $301,000. Barings LLC bought a new position in shares of Essex Property Trust in the 3rd quarter worth about $63,549,000. American Century Companies Inc. bought a new position in shares of Essex Property Trust in the 2nd quarter worth about $61,713,000. Finally, Canada Pension Plan Investment Board lifted its position in shares of Essex Property Trust by 7,265.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 184,505 shares of the real estate investment trust’s stock worth $46,870,000 after buying an additional 182,000 shares during the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

A number of research analysts have recently issued reports on ESS shares. Zacks Investment Research upgraded shares of Essex Property Trust from a “hold” rating to a “buy” rating and set a $289.00 price target on the stock in a research report on Tuesday, October 10th. Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of Essex Property Trust in a research report on Friday, November 3rd. Barclays reiterated an “overweight” rating and issued a $280.00 price objective (up from $269.00) on shares of Essex Property Trust in a research report on Monday, August 21st. Robert W. Baird reiterated a “buy” rating and issued a $273.00 price objective on shares of Essex Property Trust in a research report on Tuesday, September 12th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $276.00 price objective on shares of Essex Property Trust in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $271.19.

Essex Property Trust Inc (NYSE ESS) traded down $0.90 during trading on Monday, hitting $248.89. 26,787 shares of the stock traded hands, compared to its average volume of 349,632. The stock has a market capitalization of $16,495.71, a P/E ratio of 21.35, a P/E/G ratio of 3.37 and a beta of 0.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.83 and a current ratio of 0.83. Essex Property Trust Inc has a 1-year low of $218.41 and a 1-year high of $270.04.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, December 28th. Essex Property Trust’s dividend payout ratio (DPR) is currently 87.61%.

In other news, insider John D. Eudy sold 166 shares of Essex Property Trust stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $257.92, for a total value of $42,814.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael J. Schall sold 333 shares of Essex Property Trust stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $257.92, for a total transaction 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 $11,631,160.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,269 shares of company stock worth $2,558,882. 3.30% of the stock is currently owned by insiders.

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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.

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

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