Mutual of America Capital Management LLC decreased its position in Essex Property Trust Inc (NYSE:ESS) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,128 shares of the real estate investment trust’s stock after selling 431 shares during the period. Mutual of America Capital Management LLC’s holdings in Essex Property Trust were worth $2,113,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ESS. Cleararc Capital Inc. increased its position in shares of Essex Property Trust by 0.9% in the fourth quarter. Cleararc Capital Inc. now owns 1,608 shares of the real estate investment trust’s stock worth $374,000 after buying an additional 15 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Essex Property Trust by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,756 shares of the real estate investment trust’s stock worth $873,000 after buying an additional 15 shares during the last quarter. Bbva Compass Bancshares Inc. increased its position in shares of Essex Property Trust by 1.9% in the first quarter. Bbva Compass Bancshares Inc. now owns 1,124 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 21 shares during the last quarter. Gemmer Asset Management LLC increased its position in shares of Essex Property Trust by 0.7% in the first quarter. Gemmer Asset Management LLC now owns 4,235 shares of the real estate investment trust’s stock worth $981,000 after buying an additional 29 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Essex Property Trust by 3.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,747 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 98.95% of the company’s stock.

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

Essex Property Trust Inc (NYSE:ESS) traded up 0.70% during midday trading on Friday, reaching $260.29. The company’s stock had a trading volume of 106,430 shares. The company has a 50 day moving average price of $247.98 and a 200 day moving average price of $231.91. The firm has a market cap of $17.07 billion, a price-to-earnings ratio of 33.34 and a beta of 0.52. Essex Property Trust Inc has a 1-year low of $200.01 and a 1-year high of $260.30.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.05. Essex Property Trust had a return on equity of 6.55% and a net margin of 32.07%. The business had revenue of $335.40 million for the quarter, compared to analysts’ expectations of $332.80 million. During the same quarter last year, the firm earned $2.68 earnings per share. On average, equities research analysts expect that Essex Property Trust Inc will post $6.03 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Wednesday, June 28th. Essex Property Trust’s dividend payout ratio (DPR) is 102.07%.

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A number of brokerages recently commented on ESS. Zacks Investment Research downgraded Essex Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Mizuho upgraded Essex Property Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $199.00 to $212.00 in a research report on Monday, May 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $267.00 price objective (up previously from $248.00) on shares of Essex Property Trust in a research report on Tuesday, May 16th. SunTrust Banks, Inc. downgraded Essex Property Trust from a “buy” rating to a “hold” rating and set a $257.00 price objective on the stock. in a research report on Thursday, May 18th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $234.00 price objective on shares of Essex Property Trust in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $249.18.

In other news, insider Angela L. Kleiman sold 3,417 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $252.35, for a total transaction of $862,279.95. Following the sale, the insider now owns 10,594 shares in the company, valued at $2,673,395.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael J. Schall sold 17,458 shares of the firm’s stock in a transaction on Friday, March 31st. The stock was sold at an average price of $232.01, for a total value of $4,050,430.58. Following the sale, the insider now owns 59,763 shares in the company, valued at approximately $13,865,613.63. The disclosure for this sale can be found here. Insiders have sold 57,660 shares of company stock worth $14,020,499 in the last 90 days. Insiders own 3.50% of the company’s stock.

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.

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