ING Groep NV bought a new position in Essex Property Trust Inc (NYSE:ESS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,103 shares of the real estate investment trust’s stock, valued at approximately $534,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Essex Property Trust by 0.8% in the second quarter. Vanguard Group Inc. now owns 11,496,906 shares of the real estate investment trust’s stock worth $2,957,809,000 after acquiring an additional 92,531 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Essex Property Trust by 1.5% during the second quarter. BlackRock Inc. now owns 6,573,361 shares of the real estate investment trust’s stock valued at $1,691,128,000 after purchasing an additional 94,331 shares in the last quarter. State Street Corp lifted its holdings in shares of Essex Property Trust by 0.7% during the second quarter. State Street Corp now owns 4,744,926 shares of the real estate investment trust’s stock valued at $1,220,731,000 after purchasing an additional 30,726 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Essex Property Trust by 3.6% during the third quarter. Principal Financial Group Inc. now owns 2,328,165 shares of the real estate investment trust’s stock valued at $591,424,000 after purchasing an additional 80,573 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Essex Property Trust by 38.3% during 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 purchasing an additional 412,316 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on the company. Robert W. Baird reaffirmed a “buy” rating and set a $273.00 price target on shares of Essex Property Trust in a report on Tuesday, October 17th. SunTrust Banks reaffirmed a “hold” rating and set a $270.00 price target on shares of Essex Property Trust in a report on Friday, November 3rd. Mizuho downgraded Essex Property Trust from a “neutral” rating to an “underperform” rating and set a $250.00 price target on the stock. in a report on Monday, November 6th. Barclays reaffirmed a “buy” rating and set a $283.00 price target on shares of Essex Property Trust in a report on Thursday, October 19th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $276.00 price target on shares of Essex Property Trust in a report on Friday, October 20th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Essex Property Trust presently has a consensus rating of “Hold” and a consensus target price of $269.50.

Essex Property Trust Inc (NYSE:ESS) traded down $2.76 during trading on Tuesday, reaching $247.61. The company had a trading volume of 362,600 shares, compared to its average volume of 343,874. The stock has a market capitalization of $16,533.69, a PE ratio of 21.40, a PEG ratio of 3.38 and a beta of 0.54. 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 12 month low of $211.04 and a 12 month high of $270.04.

In related news, Director Gary P. Martin sold 1,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $255.59, for a total transaction of $255,590.00. Following the completion of the sale, the director now owns 6,236 shares in the company, valued at $1,593,859.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Craig K. Zimmerman sold 167 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $267.02, for a total value of $44,592.34. Following the sale, the insider now owns 10,450 shares of the company’s stock, valued at approximately $2,790,359. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,334 shares of company stock valued at $599,759. 3.30% of the stock is owned by company insiders.

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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.

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

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