BNP Paribas Arbitrage SA reduced its position in Essex Property Trust, Inc. (NYSE:ESS) by 25.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 48,400 shares of the real estate investment trust’s stock after selling 16,170 shares during the period. BNP Paribas Arbitrage SA owned 0.07% of Essex Property Trust worth $12,452,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ESS. Capstone Asset Management Co. boosted its position in shares of Essex Property Trust by 8.0% in the first quarter. Capstone Asset Management Co. now owns 6,387 shares of the real estate investment trust’s stock worth $1,479,000 after buying an additional 475 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Essex Property Trust by 28.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 4,879 shares of the real estate investment trust’s stock worth $1,130,000 after buying an additional 1,087 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Essex Property Trust by 12.1% in the first quarter. Nationwide Fund Advisors now owns 82,860 shares of the real estate investment trust’s stock worth $19,185,000 after buying an additional 8,956 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Essex Property Trust by 3.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,747 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 52 shares during the last quarter. Finally, Korea Investment CORP boosted its position in shares of Essex Property Trust by 41,654.5% in the first quarter. Korea Investment CORP now owns 32,151 shares of the real estate investment trust’s stock worth $7,444,000 after buying an additional 32,074 shares during the last quarter. Institutional investors own 99.74% of the company’s stock.

Shares of Essex Property Trust, Inc. (NYSE ESS) opened at 260.76 on Monday. The stock’s 50 day moving average is $260.59 and its 200-day moving average is $247.00. Essex Property Trust, Inc. has a 52 week low of $200.01 and a 52 week high of $268.97. The company has a market cap of $17.21 billion, a price-to-earnings ratio of 33.53 and a beta of 0.52.

Essex Property Trust (NYSE:ESS) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $2.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.92 by $0.05. Essex Property Trust had a net margin of 38.33% and a return on equity of 8.03%. The business had revenue of $339.06 million for the quarter, compared to the consensus estimate of $336.17 million. During the same quarter in the prior year, the firm posted $2.74 earnings per share. On average, equities analysts anticipate that Essex Property Trust, Inc. will post $5.95 earnings per share for the current year.

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ESS has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Essex Property Trust from a “sell” rating to a “hold” rating in a research report on Monday, April 24th. Mizuho upgraded shares of Essex Property Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $199.00 to $212.00 in a research report on Monday, May 1st. Canaccord Genuity set a $255.00 target price on shares of Essex Property Trust and gave the stock a “hold” rating in a research report on Monday, May 1st. Cantor Fitzgerald reiterated a “buy” rating and issued a $269.00 target price on shares of Essex Property Trust in a research report on Wednesday, May 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $267.00 target price (up previously from $248.00) on shares of Essex Property Trust in a research report on Tuesday, May 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Essex Property Trust currently has an average rating of “Hold” and an average target price of $264.36.

In related news, insider Michael J. Schall sold 333 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $256.06, for a total value of $85,267.98. Following the transaction, the insider now owns 45,096 shares of the company’s stock, valued at approximately $11,547,281.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John D. Eudy sold 166 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $253.79, for a total transaction of $42,129.14. Following the completion of the transaction, the insider now directly owns 8,596 shares in the company, valued at approximately $2,181,578.84. The disclosure for this sale can be found here. In the last three months, insiders sold 2,499 shares of company stock worth $652,517. Insiders own 3.30% of the company’s stock.

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.

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

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