Essex Property Trust, Inc. (NYSE:ESS) insider Craig K. Zimmerman sold 167 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $267.02, for a total transaction of $44,592.34. Following the completion of the transaction, the insider now directly owns 10,450 shares in the company, valued at $2,790,359. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Essex Property Trust, Inc. (ESS) opened at 264.59 on Wednesday. The firm has a market cap of $17.46 billion, a PE ratio of 34.02 and a beta of 0.53. Essex Property Trust, Inc. has a 1-year low of $200.01 and a 1-year high of $270.04. The stock has a 50 day moving average of $264.20 and a 200 day moving average of $251.57.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $2.97 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $339.06 million during the quarter, compared to the consensus estimate of $336.17 million. During the same quarter in the previous year, the company posted $2.74 earnings per share. Equities research analysts anticipate that Essex Property Trust, Inc. will post $5.89 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in ESS. Tower Research Capital LLC TRC boosted its holdings in shares of Essex Property Trust by 145.3% during the second quarter. Tower Research Capital LLC TRC now owns 471 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 279 shares during the period. Sun Life Financial INC boosted its holdings in shares of Essex Property Trust by 5,900.0% during the second quarter. Sun Life Financial INC now owns 480 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 472 shares during the period. Muzinich & Co. Inc. boosted its holdings in shares of Essex Property Trust by 246.5% during the first quarter. Muzinich & Co. Inc. now owns 551 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 392 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Essex Property Trust by 118.0% during the first quarter. Advisors Asset Management Inc. now owns 654 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 354 shares during the period. Finally, FNY Partners Fund LP acquired a new position in shares of Essex Property Trust during the first quarter valued at $165,000. 99.55% of the stock is owned by institutional investors.

A number of research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $276.00 target price (up from $267.00) on shares of Essex Property Trust in a research report on Sunday, August 13th. BidaskClub raised shares of Essex Property Trust from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. Robert W. Baird reaffirmed a “buy” rating and issued a $273.00 target price on shares of Essex Property Trust in a research report on Tuesday. Morgan Stanley increased their target price on shares of Essex Property Trust from $260.00 to $267.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. Finally, Canaccord Genuity set a $270.00 target price on shares of Essex Property Trust and gave the company a “hold” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Essex Property Trust presently has an average rating of “Hold” and an average target price of $267.93.

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.

Insider Buying and Selling by Quarter for Essex Property Trust (NYSE:ESS)

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