Oregon Public Employees Retirement Fund Continues to Hold Position in Essex Property Trust, Inc. (ESS)

Oregon Public Employees Retirement Fund held its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,905 shares of the real estate investment trust’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in Essex Property Trust were worth $1,776,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Essex Property Trust by 2.1% in the first quarter. Vanguard Group Inc. now owns 11,404,375 shares of the real estate investment trust’s stock worth $2,640,455,000 after buying an additional 229,503 shares during the last quarter. BlackRock Inc. boosted its stake in Essex Property Trust by 2,296.8% in the first quarter. BlackRock Inc. now owns 6,479,030 shares of the real estate investment trust’s stock valued at $1,500,090,000 after buying an additional 6,208,705 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Essex Property Trust by 0.7% in the first quarter. Daiwa Securities Group Inc. now owns 2,350,895 shares of the real estate investment trust’s stock valued at $544,303,000 after buying an additional 16,150 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Essex Property Trust by 1.6% in the first quarter. Principal Financial Group Inc. now owns 2,155,778 shares of the real estate investment trust’s stock valued at $499,156,000 after buying an additional 34,654 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Essex Property Trust by 7.5% in the first quarter. Morgan Stanley now owns 1,325,290 shares of the real estate investment trust’s stock valued at $306,844,000 after buying an additional 92,922 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

Shares of Essex Property Trust, Inc. (NYSE:ESS) opened at 262.69 on Wednesday. The stock’s 50 day moving average price is $261.14 and its 200 day moving average price is $244.46. Essex Property Trust, Inc. has a 1-year low of $200.01 and a 1-year high of $268.97. The company has a market capitalization of $17.33 billion, a price-to-earnings ratio of 33.78 and a beta of 0.52.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.05. Essex Property Trust had a net margin of 38.33% and a return on equity of 8.03%. The firm had revenue of $339.06 million during the quarter, compared to analysts’ expectations of $336.17 million. During the same quarter in the previous year, the company posted $2.74 EPS. Analysts expect that Essex Property Trust, Inc. will post $5.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Wednesday, June 28th. Essex Property Trust’s payout ratio is 89.97%.

COPYRIGHT VIOLATION NOTICE: “Oregon Public Employees Retirement Fund Continues to Hold Position in Essex Property Trust, Inc. (ESS)” was reported by BBNS and is the sole property of of BBNS. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://baseballnewssource.com/markets/oregon-public-employees-retirement-fund-holds-position-in-essex-property-trust-inc-ess-updated/1312032.html.

ESS has been the topic of several analyst reports. Canaccord Genuity set a $270.00 target price on Essex Property Trust and gave the company a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research cut Essex Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Royal Bank Of Canada restated an “outperform” rating and issued a $267.00 target price (up from $248.00) on shares of Essex Property Trust in a research report on Tuesday, May 16th. Mizuho upgraded Essex Property Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $199.00 to $212.00 in a research report on Monday, May 1st. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $278.00 target price on shares of Essex Property Trust in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $262.92.

In other Essex Property Trust news, insider John D. Eudy sold 4,301 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $252.40, for a total transaction of $1,085,572.40. Following the completion of the sale, the insider now owns 12,731 shares in the company, valued at approximately $3,213,304.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Schall sold 13,668 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $252.63, for a total transaction of $3,452,946.84. Following the sale, the insider now owns 58,431 shares of the company’s stock, valued at approximately $14,761,423.53. The disclosure for this sale can be found here. Insiders have sold a total of 24,075 shares of company stock valued at $6,101,503 in the last quarter. Corporate insiders own 3.30% of the company’s stock.

About Essex Property Trust

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.

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

Receive News & Ratings for Essex Property Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essex Property Trust Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.