Jane Street Group LLC trimmed its stake in shares of Essex Property Trust Inc (NYSE:ESS) by 40.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,739 shares of the real estate investment trust’s stock after selling 1,861 shares during the quarter. Jane Street Group LLC’s holdings in Essex Property Trust were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in ESS. Global X Management Co. LLC raised its position in shares of Essex Property Trust by 15.6% during the 2nd quarter. Global X Management Co. LLC now owns 1,849 shares of the real estate investment trust’s stock worth $476,000 after purchasing an additional 249 shares during the period. Wetherby Asset Management Inc. acquired a new stake in shares of Essex Property Trust during the 2nd quarter worth approximately $203,000. Advisors Asset Management Inc. raised its position in shares of Essex Property Trust by 345.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,916 shares of the real estate investment trust’s stock worth $750,000 after purchasing an additional 2,262 shares during the period. LMR Partners LLP raised its position in shares of Essex Property Trust by 15.7% during the 2nd quarter. LMR Partners LLP now owns 3,263 shares of the real estate investment trust’s stock worth $840,000 after purchasing an additional 443 shares during the period. Finally, State of Wisconsin Investment Board raised its position in shares of Essex Property Trust by 28.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 84,171 shares of the real estate investment trust’s stock worth $21,655,000 after purchasing an additional 18,894 shares during the period. Institutional investors and hedge funds own 97.26% of the company’s stock.

ESS has been the topic of several analyst reports. Zacks Investment Research upgraded Essex Property Trust from a “hold” rating to a “buy” rating and set a $289.00 target price on the stock in a research report on Tuesday, October 10th. Cantor Fitzgerald restated a “buy” rating and issued a $280.00 target price on shares of Essex Property Trust in a research report on Wednesday, September 13th. Robert W. Baird restated a “buy” rating and issued a $273.00 target price on shares of Essex Property Trust in a research report on Tuesday, September 12th. Stifel Nicolaus initiated coverage on Essex Property Trust in a research report on Friday, September 1st. They issued a “buy” rating and a $294.00 target price on the stock. Finally, Royal Bank of Canada restated a “buy” rating and issued a $276.00 target price 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 issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $271.19.

Essex Property Trust Inc (NYSE:ESS) opened at $249.00 on Friday. Essex Property Trust Inc has a 1 year low of $218.08 and a 1 year high of $270.04. The stock has a market capitalization of $16,375.86, a price-to-earnings ratio of 21.19, a PEG ratio of 3.35 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.

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

In other news, CEO Michael J. Schall sold 333 shares of Essex Property Trust stock in a transaction 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 transaction, the chief executive officer now directly owns 45,096 shares in the company, valued at approximately $11,631,160.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Angela L. Kleiman sold 600 shares of Essex Property Trust stock in a transaction on Monday, December 11th. The shares were sold at an average price of $247.16, for a total value of $148,296.00. Following the transaction, the chief financial officer now owns 7,777 shares in the company, valued at $1,922,163.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,269 shares of company stock worth $2,558,882. 3.30% of the stock is owned by 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.

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

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