NEOS Investment Management LLC Purchases Shares of 908 Essex Property Trust, Inc. (NYSE:ESS)

NEOS Investment Management LLC acquired a new position in shares of Essex Property Trust, Inc. (NYSE:ESSFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 908 shares of the real estate investment trust’s stock, valued at approximately $225,000.

Other institutional investors have also added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. raised its stake in shares of Essex Property Trust by 2.4% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 1,913 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 45 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in Essex Property Trust by 1.8% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 2,552 shares of the real estate investment trust’s stock valued at $633,000 after buying an additional 45 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in Essex Property Trust by 2.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,866 shares of the real estate investment trust’s stock valued at $463,000 after acquiring an additional 51 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Essex Property Trust by 111.5% in the 4th quarter. Lindbrook Capital LLC now owns 110 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Finally, Loudon Investment Management LLC boosted its position in Essex Property Trust by 0.4% during the 4th quarter. Loudon Investment Management LLC now owns 15,817 shares of the real estate investment trust’s stock worth $3,922,000 after acquiring an additional 61 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Essex Property Trust Trading Up 0.1 %

Shares of NYSE:ESS opened at $268.32 on Friday. The stock has a market cap of $17.23 billion, a PE ratio of 32.80, a P/E/G ratio of 3.70 and a beta of 0.84. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 1.14. Essex Property Trust, Inc. has a 12-month low of $203.85 and a 12-month high of $269.36. The business has a 50 day moving average of $250.95 and a 200-day moving average of $240.99.

Essex Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Friday, June 28th will be issued a $2.45 dividend. This represents a $9.80 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Friday, June 28th. Essex Property Trust’s dividend payout ratio is 119.80%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Essex Property Trust from $232.00 to $269.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. StockNews.com raised shares of Essex Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Wedbush raised their price objective on Essex Property Trust from $240.00 to $264.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Truist Financial dropped their target price on Essex Property Trust from $259.00 to $255.00 and set a “hold” rating on the stock in a report on Tuesday, April 9th. Finally, Stifel Nicolaus raised their price target on Essex Property Trust from $239.50 to $243.50 and gave the company a “hold” rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Essex Property Trust has a consensus rating of “Hold” and an average price target of $257.33.

View Our Latest Stock Report on ESS

About Essex Property Trust

(Free Report)

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 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.

Further Reading

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

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