Essex Property Trust, Inc. (NYSE:ESS) insider Craig K. Zimmerman sold 167 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 value of $42,668.50. Following the transaction, the insider now 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 available through this link.

Shares of Essex Property Trust, Inc. (NYSE ESS) traded down $0.57 on Monday, reaching $256.38. The company had a trading volume of 266,900 shares, compared to its average volume of 347,687. Essex Property Trust, Inc. has a 1 year low of $208.92 and a 1 year high of $270.04. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $17,070.00, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 3.63 and a beta of 0.54.

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

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Several equities analysts have weighed in on ESS shares. Barclays PLC raised their target price on Essex Property Trust from $267.00 to $269.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Robert W. Baird restated a “buy” rating and set a $273.00 target price on shares of Essex Property Trust in a report on Tuesday, September 12th. Royal Bank Of Canada restated a “buy” rating and set a $267.00 target price on shares of Essex Property Trust in a report on Sunday, July 16th. Zacks Investment Research upgraded Essex Property Trust from a “hold” rating to a “buy” rating and set a $289.00 price objective on the stock in a research note on Tuesday, July 18th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $280.00 price objective on shares of Essex Property Trust in a research note on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $266.87.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. IFP Advisors Inc increased its stake in Essex Property Trust by 0.3% during the second quarter. IFP Advisors Inc now owns 1,575 shares of the real estate investment trust’s stock valued at $405,000 after acquiring an additional 4 shares during the period. Bbva Compass Bancshares Inc. boosted its holdings in Essex Property Trust by 1.4% during the second quarter. Bbva Compass Bancshares Inc. now owns 1,140 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 16 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Essex Property Trust by 0.3% during the second quarter. CIBC Asset Management Inc now owns 7,065 shares of the real estate investment trust’s stock valued at $1,818,000 after purchasing an additional 24 shares in the last quarter. Alps Advisors Inc. boosted its holdings in Essex Property Trust by 0.5% during the second quarter. Alps Advisors Inc. now owns 5,598 shares of the real estate investment trust’s stock valued at $1,440,000 after purchasing an additional 30 shares in the last quarter. Finally, Solaris Asset Management LLC boosted its holdings in Essex Property Trust by 3.3% during the second quarter. Solaris Asset Management LLC now owns 1,095 shares of the real estate investment trust’s stock valued at $282,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 98.45% 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.

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

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