Essex Property Trust, Inc. (NYSE:ESS) insider Craig K. Zimmerman sold 167 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $255.50, for a total value of $42,668.50. Following the transaction, the insider now directly owns 10,450 shares in the company, valued at approximately $2,669,975. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Essex Property Trust, Inc. (ESS) traded down $4.67 on Thursday, hitting $252.15. 352,800 shares of the company were exchanged, compared to its average volume of 346,791. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.83 and a current ratio of 0.83. Essex Property Trust, Inc. has a 1-year low of $208.92 and a 1-year high of $270.04. The company has a market cap of $16,959.63, a PE ratio of 21.95, a P/E/G ratio of 3.47 and a beta of 0.54.

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Several research firms have issued reports on ESS. Robert W. Baird reaffirmed a “buy” rating and set a $273.00 price objective on shares of Essex Property Trust in a report on Tuesday, October 17th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $270.00 price objective on shares of Essex Property Trust in a report on Friday, November 3rd. Mizuho downgraded Essex Property Trust from a “neutral” rating to an “underperform” rating and set a $250.00 price objective on the stock. in a report on Monday, November 6th. Barclays PLC reissued a “buy” rating and issued a $283.00 price target on shares of Essex Property Trust in a research note on Thursday, October 19th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $276.00 price target on shares of Essex Property Trust in a research note on Friday, October 20th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Essex Property Trust presently has an average rating of “Hold” and an average target price of $266.87.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its holdings in Essex Property Trust by 145.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 471 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 279 shares in the last quarter. Sun Life Financial INC increased its holdings in Essex Property Trust by 5,900.0% during the 2nd quarter. Sun Life Financial INC now owns 480 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 472 shares in the last quarter. Breton Hill Capital Ltd. bought a new position in Essex Property Trust during the 3rd quarter worth about $200,000. Beacon Investment Advisory Services Inc. bought a new position in Essex Property Trust during the 3rd quarter worth about $200,000. Finally, Wetherby Asset Management Inc. bought a new position in Essex Property Trust during the 2nd quarter worth about $203,000. Institutional investors and hedge funds own 98.45% 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.

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

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