19 hours Ago By ABMN Staff
Empowered Funds LLC boosted its position in Essex Property Trust, Inc. ( NYSE:ESS – Free Report ) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 1,195 shares of the real estate investment trust’s stock after buying an additional 38 shares during the period. Empowered Funds LLC’s holdings in Essex Property Trust were worth $338,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also recently bought and sold shares of ESS.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Essex Property Trust by 732.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 719,596 shares of the real estate investment trust’s stock worth $212,583,000 after acquiring an additional 633,200 shares during the period.
International Assets Investment Management LLC purchased a new position in Essex Property Trust during the third quarter worth about $84,393,000. Jacobs Levy Equity Management Inc. raised its holdings in Essex Property Trust by 154.
7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 444,391 shares of the real estate investment trust’s stock worth $131,282,000 after purchasing an additional 269,923 shares in the last quarter.
Massachusetts Financial Services Co. MA lifted its position in Essex Property Trust by 16.1% in the third quarter.
Massachusetts Financial Services Co. MA now owns 1,329,516 shares of the real estate investment trust’s stock valued at $392,766,000 after purchasing an additional 183,947 shares during the period. Finally, KBC Group NV boosted its holdings in Essex Property Trust by 201.
7% in the 4th quarter. KBC Group NV now owns 225,768 shares of the real estate investment trust’s stock valued at $64,443,000 after purchasing an additional 150,927 shares in the last quarter. 96.
51% of the stock is currently owned by hedge funds and other institutional investors. Essex Property Trust Trading Up 1.1 % Shares of Essex Property Trust stock opened at $294.
37 on Friday. The business has a 50 day moving average price of $285.18 and a 200 day moving average price of $292.
80. The company has a market capitalization of $18.92 billion, a P/E ratio of 25.
51, a P/E/G ratio of 6.76 and a beta of 0.92.
The company has a debt-to-equity ratio of 1.15, a current ratio of 1.14 and a quick ratio of 1.
14. Essex Property Trust, Inc. has a 1 year low of $225.
40 and a 1 year high of $317.73. Essex Property Trust Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th.
Shareholders of record on Monday, March 31st will be paid a dividend of $2.57 per share. This is a boost from Essex Property Trust’s previous quarterly dividend of $2.
45. This represents a $10.28 annualized dividend and a dividend yield of 3.
49%. Essex Property Trust’s dividend payout ratio (DPR) is currently 84.92%.
Analysts Set New Price Targets A number of equities analysts have recently issued reports on ESS shares. BMO Capital Markets raised Essex Property Trust from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $323.00 to $310.
00 in a research note on Monday, January 13th. JMP Securities reiterated a “market perform” rating on shares of Essex Property Trust in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Essex Property Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $308.
00 to $310.00 in a research report on Tuesday, January 21st. Mizuho lowered their price target on shares of Essex Property Trust from $325.
00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Finally, Barclays raised their price objective on shares of Essex Property Trust from $302.
00 to $304.00 and gave the company an “equal weight” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company.
According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $306.63.
Get 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. Featured Articles Want to see what other hedge funds are holding ESS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Essex Property Trust, Inc. ( NYSE:ESS – Free Report ). Receive News & Ratings for Essex Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essex Property Trust and related companies with MarketBeat.
com's FREE daily email newsletter ..
