Eii Capital Management Inc. Has $3.95 Million Position in Essex Property Trust Inc (ESS)

Eii Capital Management Inc. decreased its position in shares of Essex Property Trust Inc (NYSE:ESS) by 54.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,560 shares of the real estate investment trust’s stock after selling 18,725 shares during the quarter. Essex Property Trust makes up 1.5% of Eii Capital Management Inc.’s holdings, making the stock its 13th largest holding. Eii Capital Management Inc.’s holdings in Essex Property Trust were worth $3,953,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ESS. Tower Research Capital LLC TRC lifted its stake in Essex Property Trust by 145.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 471 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 279 shares in the last quarter. Sun Life Financial INC lifted its stake in Essex Property Trust by 5,900.0% in the 2nd quarter. Sun Life Financial INC now owns 480 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 472 shares in the last quarter. Wetherby Asset Management Inc. purchased a new stake in Essex Property Trust in the 2nd quarter worth $203,000. Breton Hill Capital Ltd. purchased a new stake in Essex Property Trust in the 3rd quarter worth $200,000. Finally, Beacon Investment Advisory Services Inc. purchased a new stake in Essex Property Trust in the 3rd quarter worth $200,000. Institutional investors own 97.26% of the company’s stock.

Several brokerages have commented on ESS. Robert W. Baird reiterated a “buy” rating and issued a $273.00 price target on shares of Essex Property Trust in a research note on Tuesday, October 17th. SunTrust Banks restated a “hold” rating and set a $270.00 target price on shares of Essex Property Trust in a research report on Friday, November 3rd. Mizuho cut shares of Essex Property Trust from a “neutral” rating to an “underperform” rating and set a $250.00 target price on the stock. in a research report on Monday, November 6th. Barclays restated a “buy” rating and set a $283.00 target price on shares of Essex Property Trust in a research report on Thursday, October 19th. Finally, BTIG Research upgraded shares of Essex Property Trust from a “neutral” rating to a “buy” rating and set a $273.00 target price on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $270.60.

In related news, CEO Michael J. Schall sold 333 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $257.92, for a total transaction of $85,887.36. Following the transaction, the chief executive officer now directly owns 45,096 shares in the company, valued at approximately $11,631,160.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Angela L. Kleiman sold 600 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $247.16, for a total transaction of $148,296.00. Following the transaction, the chief financial officer now owns 7,777 shares in the company, valued at $1,922,163.32. The disclosure for this sale can be found here. Insiders have sold a total of 10,269 shares of company stock worth $2,558,882 over the last quarter. 3.30% of the stock is currently owned by insiders.

Shares of Essex Property Trust Inc (NYSE ESS) traded down $0.01 during trading hours on Wednesday, reaching $249.15. 368,600 shares of the company traded hands, compared to its average volume of 347,594. The company has a market cap of $16,453.79, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 3.36 and a beta of 0.50. Essex Property Trust Inc has a one year low of $216.71 and a one year high of $270.04. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.83 and a quick ratio of 0.83.

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Essex Property Trust Company Profile

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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