Robeco Institutional Asset Management B.V. Purchases 1,320 Shares of Essex Property Trust, Inc. (NYSE:ESS)

Robeco Institutional Asset Management B.V. raised its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 75.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,081 shares of the real estate investment trust’s stock after buying an additional 1,320 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Essex Property Trust were worth $794,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of Essex Property Trust by 1.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 6,905 shares of the real estate investment trust’s stock worth $1,599,000 after purchasing an additional 100 shares during the period. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Essex Property Trust by 101.8% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 2,484 shares of the real estate investment trust’s stock worth $575,000 after purchasing an additional 1,253 shares during the period. First Trust Advisors LP boosted its holdings in shares of Essex Property Trust by 79.8% during the first quarter. First Trust Advisors LP now owns 40,932 shares of the real estate investment trust’s stock worth $9,477,000 after purchasing an additional 18,173 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Essex Property Trust by 118.0% during the first quarter. Advisors Asset Management Inc. now owns 654 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 354 shares during the period. Finally, Flinton Capital Management LLC boosted its holdings in shares of Essex Property Trust by 19.4% during the first quarter. Flinton Capital Management LLC now owns 1,872 shares of the real estate investment trust’s stock worth $433,000 after purchasing an additional 304 shares during the period. Institutional investors and hedge funds own 99.55% of the company’s stock.

Shares of Essex Property Trust, Inc. (NYSE:ESS) traded down 0.27% on Friday, hitting $261.44. 112,350 shares of the stock traded hands. The company has a market cap of $17.25 billion, a PE ratio of 33.62 and a beta of 0.53. The stock has a 50 day moving average of $264.11 and a 200 day moving average of $251.94. Essex Property Trust, Inc. has a one year low of $200.01 and a one year high of $270.04.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $2.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.92 by $0.05. The firm had revenue of $339.06 million for the quarter, compared to the consensus estimate of $336.17 million. Essex Property Trust had a net margin of 38.33% and a return on equity of 8.03%. During the same period in the prior year, the firm posted $2.74 earnings per share. Equities analysts anticipate that Essex Property Trust, Inc. will post $5.89 earnings per share for the current year.

In other Essex Property Trust news, insider John D. Eudy sold 166 shares of the stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $253.79, for a total transaction of $42,129.14. Following the transaction, the insider now directly owns 8,596 shares of the company’s stock, valued at $2,181,578.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael J. Schall sold 333 shares of the stock in a transaction on Monday, July 10th. The shares were sold at an average price of $256.06, for a total transaction of $85,267.98. Following the transaction, the insider now directly owns 45,096 shares in the company, valued at $11,547,281.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,314 shares of company stock worth $2,999,949. Insiders own 3.30% of the company’s stock.

A number of research firms recently issued reports on ESS. Royal Bank Of Canada reissued an “outperform” rating and issued a $276.00 price target (up from $267.00) on shares of Essex Property Trust in a research note on Sunday, August 13th. SunTrust Banks, Inc. downgraded shares of Essex Property Trust from a “buy” rating to a “hold” rating and set a $257.00 price target for the company. in a research note on Thursday, May 18th. They noted that the move was a valuation call. Canaccord Genuity set a $270.00 price target on shares of Essex Property Trust and gave the stock a “hold” rating in a research note on Monday, July 31st. Stifel Nicolaus began coverage on shares of Essex Property Trust in a research note on Friday, September 1st. They issued a “buy” rating and a $294.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Essex Property Trust from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $268.07.

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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)

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