Kemper Corp Master Retirement Trust lifted its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,998 shares of the real estate investment trust’s stock after purchasing an additional 100 shares during the period. Kemper Corp Master Retirement Trust’s holdings in Essex Property Trust were worth $514,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ESS. Sun Life Financial INC lifted its stake in shares of Essex Property Trust by 5,900.0% in the 2nd quarter. Sun Life Financial INC now owns 480 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 472 shares during the last quarter. FNY Partners Fund LP acquired a new stake in shares of Essex Property Trust in the 1st quarter valued at $165,000. Perigon Wealth Management LLC lifted its stake in shares of Essex Property Trust by 835.2% in the 1st quarter. Perigon Wealth Management LLC now owns 823 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 735 shares during the last quarter. Wetherby Asset Management Inc. acquired a new stake in shares of Essex Property Trust in the 2nd quarter valued at $203,000. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of Essex Property Trust in the 2nd quarter valued at $210,000. 99.46% of the stock is owned by institutional investors and hedge funds.

Shares of Essex Property Trust, Inc. (NYSE ESS) traded down 0.02% on Friday, hitting $257.01. 353,900 shares of the stock were exchanged. Essex Property Trust, Inc. has a one year low of $200.01 and a one year high of $270.04. The firm has a market capitalization of $16.96 billion, a PE ratio of 33.05 and a beta of 0.53. The company has a 50-day moving average price of $260.85 and a 200-day moving average price of $254.82.

Essex Property Trust (NYSE:ESS) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.05. The company had revenue of $339.06 million during the quarter, compared to analysts’ expectations of $336.17 million. Essex Property Trust had a net margin of 38.33% and a return on equity of 8.03%. During the same quarter last year, the company posted $2.74 EPS. Equities research analysts expect that Essex Property Trust, Inc. will post $5.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Thursday, September 28th. Essex Property Trust’s dividend payout ratio is presently 89.97%.

In other news, insider Michael J. Schall sold 333 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $256.06, for a total transaction of $85,267.98. Following the completion of the sale, the insider now owns 45,096 shares in the company, valued at approximately $11,547,281.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Craig K. Zimmerman sold 167 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $267.02, for a total transaction 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 90 days, insiders have sold 11,314 shares of company stock valued at $2,999,949. 3.30% of the stock is currently owned by corporate insiders.

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Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Essex Property Trust from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Evercore ISI lowered shares of Essex Property Trust from an “in-line” rating to an “underperform” rating and set a $261.00 price objective for the company. in a research note on Monday, June 12th. Stifel Nicolaus assumed coverage on shares of Essex Property Trust in a research note on Friday, September 1st. They issued a “buy” rating and a $294.00 price objective for the company. Canaccord Genuity set a $270.00 price objective on shares of Essex Property Trust and gave the company a “hold” rating in a research note on Monday, July 31st. Finally, Mizuho lowered shares of Essex Property Trust from a “buy” rating to a “neutral” rating and set a $283.00 price objective for the company. in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $268.07.

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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