Federated Investors Inc. PA Buys 237 Shares of Essex Property Trust Inc (ESS)

Federated Investors Inc. PA boosted its position in shares of Essex Property Trust Inc (NYSE:ESS) by 16.0% during the fourth quarter, Holdings Channel reports. The firm owned 1,715 shares of the real estate investment trust’s stock after buying an additional 237 shares during the period. Federated Investors Inc. PA’s holdings in Essex Property Trust were worth $399,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC boosted its stake in Essex Property Trust by 0.4% in the third quarter. Great Lakes Advisors LLC now owns 2,118 shares of the real estate investment trust’s stock worth $472,000 after buying an additional 9 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in Essex Property Trust by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,070 shares of the real estate investment trust’s stock worth $461,000 after buying an additional 10 shares during the period. Cleararc Capital Inc. boosted its stake in Essex Property Trust by 0.9% in the fourth quarter. Cleararc Capital Inc. now owns 1,608 shares of the real estate investment trust’s stock worth $374,000 after buying an additional 15 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Essex Property Trust by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,756 shares of the real estate investment trust’s stock worth $873,000 after buying an additional 15 shares during the period. Finally, Whittier Trust Co. boosted its stake in Essex Property Trust by 0.4% in the third quarter. Whittier Trust Co. now owns 4,014 shares of the real estate investment trust’s stock worth $894,000 after buying an additional 17 shares during the period. Institutional investors own 98.95% of the company’s stock.

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

Shares of Essex Property Trust Inc (NYSE:ESS) opened at 236.65 on Friday. Essex Property Trust Inc has a 1-year low of $200.01 and a 1-year high of $238.57. The company has a 50 day moving average of $229.84 and a 200 day moving average of $222.81. The company has a market cap of $15.51 billion, a PE ratio of 37.74 and a beta of 0.52.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings results on Thursday, February 2nd. The real estate investment trust reported $2.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by $0.01. Essex Property Trust had a net margin of 32.07% and a return on equity of 6.55%. During the same quarter last year, the business earned $2.63 earnings per share. Equities analysts expect that Essex Property Trust Inc will post $4.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be paid a $1.75 dividend. This is a positive change from Essex Property Trust’s previous quarterly dividend of $1.60. This represents a $7.00 annualized dividend and a yield of 2.96%. The ex-dividend date is Wednesday, March 29th. Essex Property Trust’s payout ratio is presently 102.07%.

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A number of equities research analysts have issued reports on the stock. Cantor Fitzgerald set a $250.00 price target on shares of Essex Property Trust and gave the company a “buy” rating in a report on Tuesday, December 6th. KeyCorp upgraded shares of Essex Property Trust to an “overweight” rating in a report on Wednesday, December 21st. JMP Securities cut shares of Essex Property Trust from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 24th. BMO Capital Markets restated a “hold” rating and set a $238.00 price target on shares of Essex Property Trust in a report on Thursday, February 2nd. Finally, Zacks Investment Research upgraded shares of Essex Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $243.00.

In other Essex Property Trust news, insider Angela L. Kleiman sold 300 shares of Essex Property Trust stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $232.00, for a total value of $69,600.00. Following the sale, the insider now directly owns 7,477 shares in the company, valued at approximately $1,734,664. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John D. Eudy sold 3,400 shares of Essex Property Trust stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $223.49, for a total transaction of $759,866.00. Following the completion of the sale, the insider now owns 11,830 shares in the company, valued at $2,643,886.70. The disclosure for this sale can be found here. Insiders sold a total of 21,500 shares of company stock worth $4,903,394 over the last quarter. Company insiders own 3.50% of the company’s stock.

About Essex Property Trust

Essex Property Trust, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns all of its interest in its real estate and other investments directly or indirectly through Essex Portfolio, L.P. (the Operating Partnership). The Company is engaged in the ownership, operation, management, acquisition, development and redevelopment of apartment communities.

5 Day Chart for NYSE:ESS

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