Essex Property Trust, Inc. (NYSE:ESS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in Essex Property Trust, Inc. ( NYSE:ESS – Free Report ) by 11.

1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,503 shares of the real estate investment trust’s stock after selling 6,411 shares during the period. Envestnet Asset Management Inc.



owned approximately 0.08% of Essex Property Trust worth $14,701,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock.

Assetmark Inc. raised its position in Essex Property Trust by 124.0% in the 4th quarter.

Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 124 shares in the last quarter. Nordea Investment Management AB lifted its stake in Essex Property Trust by 6.

7% in the fourth quarter. Nordea Investment Management AB now owns 4,675 shares of the real estate investment trust’s stock worth $1,334,000 after acquiring an additional 294 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Essex Property Trust by 5.

3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,656 shares of the real estate investment trust’s stock worth $5,611,000 after acquiring an additional 986 shares in the last quarter. Raymond James Financial Inc.

purchased a new stake in shares of Essex Property Trust in the 4th quarter valued at approximately $7,027,000. Finally, Mirae Asset Global Investments Co. Ltd.

increased its holdings in Essex Property Trust by 10.8% in the fourth quarter. Mirae Asset Global Investments Co.

Ltd. now owns 15,527 shares of the real estate investment trust’s stock valued at $4,408,000 after buying an additional 1,516 shares during the last quarter. 96.

51% of the stock is currently owned by hedge funds and other institutional investors. Insider Buying and Selling at Essex Property Trust In related news, Director Keith R. Guericke sold 7,298 shares of the business’s stock in a transaction dated Monday, March 3rd.

The shares were sold at an average price of $315.00, for a total transaction of $2,298,870.00.

Following the sale, the director now owns 16,118 shares of the company’s stock, valued at approximately $5,077,170. The trade was a 31.17 % decrease in their ownership of the stock.

The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Also, Director Mary Kasaris sold 2,800 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $300.

80, for a total transaction of $842,240.00. Following the completion of the transaction, the director now directly owns 1,755 shares of the company’s stock, valued at approximately $527,904.

This trade represents a 61.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here .

Over the last quarter, insiders sold 21,345 shares of company stock valued at $6,682,539. 3.80% of the stock is owned by company insiders.

Analysts Set New Price Targets Get Our Latest Report on ESS Essex Property Trust Trading Down 0.2 % Shares of Essex Property Trust stock opened at $272.85 on Thursday.

The firm has a market cap of $17.55 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 6.

84 and a beta of 0.78. Essex Property Trust, Inc.

has a 52-week low of $230.90 and a 52-week high of $317.73.

The company’s 50-day simple moving average is $292.14 and its 200-day simple moving average is $291.77.

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.

15. Essex Property Trust ( NYSE:ESS – Get Free Report ) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.

92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $2.52.

Essex Property Trust had a return on equity of 13.05% and a net margin of 41.79%.

As a group, equities research analysts anticipate that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Essex Property Trust Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $2.57 dividend.

This is a boost from Essex Property Trust’s previous quarterly dividend of $2.45. The ex-dividend date was Monday, March 31st.

This represents a $10.28 annualized dividend and a yield of 3.77%.

Essex Property Trust’s dividend payout ratio is presently 89.08%. Essex Property Trust Profile ( 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. Read More 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 .

.