Essex Property Trust, Inc. (NYSE:ESS) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in Essex Property Trust, Inc. (NYSE:ESSGet Rating) by 31.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,611 shares of the real estate investment trust’s stock after selling 1,209 shares during the quarter. SG Americas Securities LLC’s holdings in Essex Property Trust were worth $632,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. CoreCap Advisors LLC acquired a new stake in shares of Essex Property Trust in the second quarter valued at $27,000. Clear Street Markets LLC grew its stake in Essex Property Trust by 434.6% during the 2nd quarter. Clear Street Markets LLC now owns 139 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 113 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in Essex Property Trust during the 2nd quarter worth $47,000. CX Institutional acquired a new position in Essex Property Trust during the 2nd quarter worth $49,000. Finally, Alta Advisers Ltd acquired a new position in Essex Property Trust during the 3rd quarter worth $73,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Essex Property Trust Stock Down 0.0 %

ESS opened at $216.19 on Monday. The business has a 50 day moving average price of $213.91 and a two-hundred day moving average price of $240.93. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.05. The company has a market cap of $14.00 billion, a PE ratio of 39.16, a P/E/G ratio of 1.93 and a beta of 0.72. Essex Property Trust, Inc. has a 52 week low of $205.24 and a 52 week high of $363.36.

Essex Property Trust Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently commented on ESS shares. StockNews.com raised Essex Property Trust from a “sell” rating to a “hold” rating in a research note on Friday, January 13th. Royal Bank of Canada lowered their target price on Essex Property Trust from $288.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Raymond James cut Essex Property Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 23rd. UBS Group began coverage on Essex Property Trust in a research report on Thursday, December 15th. They set a “neutral” rating and a $226.00 price objective for the company. Finally, Mizuho lowered their price objective on Essex Property Trust from $264.00 to $221.00 and set a “neutral” rating for the company in a research report on Thursday, November 10th. Three equities research 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $254.85.

Insider Buying and Selling at Essex Property Trust

In related news, Director Amal M. Johnson acquired 500 shares of Essex Property Trust stock in a transaction on Friday, December 2nd. The stock was purchased at an average cost of $218.44 per share, with a total value of $109,220.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $436,880. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by company insiders.

About Essex Property Trust

(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.

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

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