Essex Property Trust, Inc. (NYSE:ESS) Stock Holdings Boosted by Signaturefd LLC

Signaturefd LLC raised its position in shares of Essex Property Trust, Inc. (NYSE:ESSGet Rating) by 28.1% in the first quarter, HoldingsChannel.com reports. The firm owned 278 shares of the real estate investment trust’s stock after buying an additional 61 shares during the period. Signaturefd LLC’s holdings in Essex Property Trust were worth $96,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Affirmative Financial Network boosted its stake in Essex Property Trust by 4.3% during the 4th quarter. First Affirmative Financial Network now owns 858 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 35 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in shares of Essex Property Trust by 0.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 5,037 shares of the real estate investment trust’s stock worth $1,774,000 after acquiring an additional 40 shares in the last quarter. HighTower Trust Services LTA boosted its stake in shares of Essex Property Trust by 5.7% during the 1st quarter. HighTower Trust Services LTA now owns 741 shares of the real estate investment trust’s stock worth $256,000 after acquiring an additional 40 shares in the last quarter. RB Capital Management LLC boosted its stake in shares of Essex Property Trust by 1.8% during the 1st quarter. RB Capital Management LLC now owns 2,424 shares of the real estate investment trust’s stock worth $837,000 after acquiring an additional 44 shares in the last quarter. Finally, Pendal Group Ltd boosted its stake in shares of Essex Property Trust by 0.4% during the 1st quarter. Pendal Group Ltd now owns 11,550 shares of the real estate investment trust’s stock worth $3,990,000 after acquiring an additional 50 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

Essex Property Trust Price Performance

Shares of NYSE:ESS opened at $273.69 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.98. Essex Property Trust, Inc. has a 1 year low of $250.62 and a 1 year high of $363.36. The business has a fifty day simple moving average of $270.05 and a 200 day simple moving average of $310.56. The firm has a market cap of $17.88 billion, a price-to-earnings ratio of 45.31, a P/E/G ratio of 3.05 and a beta of 0.76.

Essex Property Trust (NYSE:ESSGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.35 by ($2.23). Essex Property Trust had a return on equity of 5.25% and a net margin of 26.81%. During the same period in the previous year, the business earned $3.07 EPS. As a group, sell-side analysts predict that Essex Property Trust, Inc. will post 14.17 earnings per share for the current fiscal year.

Essex Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $2.20 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $8.80 annualized dividend and a yield of 3.22%. Essex Property Trust’s dividend payout ratio (DPR) is currently 145.70%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group raised Essex Property Trust from a “sell” rating to a “buy” rating and reduced their price objective for the stock from $352.00 to $338.00 in a research note on Tuesday, May 17th. TheStreet lowered Essex Property Trust from a “b-” rating to a “c+” rating in a research note on Friday, May 13th. BMO Capital Markets lowered Essex Property Trust from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $378.00 to $320.00 in a research note on Tuesday, May 31st. Credit Suisse Group started coverage on Essex Property Trust in a research report on Wednesday, June 22nd. They issued an “underperform” rating and a $247.00 target price for the company. Finally, Morgan Stanley decreased their target price on Essex Property Trust from $313.00 to $270.00 and set an “equal weight” rating for the company in a research report on Friday, July 15th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $313.63.

Essex Property Trust Profile

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Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.

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

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