Crossmark Global Holdings Inc. Cuts Position in Essex Property Trust, Inc. (NYSE:ESS)

Crossmark Global Holdings Inc. decreased its holdings in Essex Property Trust, Inc. (NYSE:ESSGet Rating) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,804 shares of the real estate investment trust’s stock after selling 202 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Essex Property Trust were worth $679,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ESS. CoreCap Advisors LLC acquired a new stake in Essex Property Trust in the 2nd quarter worth about $27,000. Clear Street Markets LLC grew its position in shares of Essex Property Trust by 434.6% in the 2nd quarter. Clear Street Markets LLC now owns 139 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 113 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Essex Property Trust in the 2nd quarter worth approximately $47,000. CX Institutional acquired a new position in Essex Property Trust during the 2nd quarter valued at approximately $49,000. Finally, Lazard Asset Management LLC boosted its position in Essex Property Trust by 25.3% during the 1st quarter. Lazard Asset Management LLC now owns 243 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Essex Property Trust Trading Down 0.0 %

ESS opened at $216.19 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.13 and a quick ratio of 1.13. Essex Property Trust, Inc. has a fifty-two week low of $205.24 and a fifty-two week high of $363.36. The firm has a market capitalization of $14.00 billion, a PE ratio of 39.16, a P/E/G ratio of 1.95 and a beta of 0.72. The company’s 50-day moving average is $213.91 and its 200 day moving average is $241.11.

Essex Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Tuesday, January 3rd were given a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Friday, December 30th. Essex Property Trust’s dividend payout ratio is currently 159.42%.

Insider Buying and Selling

In other news, Director Amal M. Johnson bought 500 shares of the stock in a transaction on Friday, December 2nd. The shares were acquired at an average cost of $218.44 per share, for a total transaction of $109,220.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $436,880. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on ESS. Jefferies Financial Group dropped their price objective on Essex Property Trust from $280.00 to $237.00 and set a “hold” rating on the stock in a research note on Wednesday, October 19th. KeyCorp lowered their target price on Essex Property Trust from $314.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 7th. Janney Montgomery Scott cut Essex Property Trust from a “buy” rating to a “neutral” rating and set a $241.00 price target for the company. in a research report on Wednesday, December 14th. Raymond James cut Essex Property Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 23rd. Finally, Royal Bank of Canada cut their price objective on Essex Property Trust from $288.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $254.85.

Essex Property Trust Company Profile

(Get Rating)

Essex Property Trust, Inc operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.

See Also

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

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