Schroder Investment Management Group increased its holdings in Essex Property Trust Inc (NYSE:ESS) by 134.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,389 shares of the real estate investment trust’s stock after buying an additional 7,690 shares during the period. Schroder Investment Management Group’s holdings in Essex Property Trust were worth $3,388,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC raised its position in 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 purchasing an additional 279 shares in the last quarter. Sun Life Financial INC raised its position in 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 purchasing an additional 472 shares in the last quarter. Breton Hill Capital Ltd. purchased a new stake in Essex Property Trust during the third quarter valued at about $200,000. Wetherby Asset Management Inc. purchased a new stake in Essex Property Trust during the second quarter valued at about $203,000. Finally, Beaton Management Co. Inc. purchased a new stake in Essex Property Trust during the second quarter valued at about $207,000. Institutional investors own 97.26% of the company’s stock.

Shares of Essex Property Trust Inc (ESS) opened at $249.15 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $16,453.79, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 3.36 and a beta of 0.50. Essex Property Trust Inc has a 12-month low of $216.71 and a 12-month high of $270.04.

A number of equities research analysts have weighed in on ESS shares. BMO Capital Markets restated a “hold” rating and set a $257.00 price target on shares of Essex Property Trust in a research report on Monday, November 27th. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Essex Property Trust in a research report on Friday, November 3rd. Morgan Stanley raised their price target on Essex Property Trust from $260.00 to $267.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded Essex Property Trust from a “hold” rating to a “buy” rating and set a $289.00 price target on the stock in a research report on Tuesday, October 10th. Finally, Stifel Nicolaus started coverage on Essex Property Trust in a research report on Friday, September 1st. They set a “buy” rating and a $294.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Essex Property Trust currently has an average rating of “Hold” and an average target price of $270.60.

In other Essex Property Trust news, CEO Michael J. Schall sold 4,801 shares of Essex Property Trust stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $247.37, for a total transaction of $1,187,623.37. Following the sale, the chief executive officer now directly owns 49,564 shares of the company’s stock, valued at approximately $12,260,646.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael J. Schall sold 333 shares of Essex Property Trust stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $257.92, for a total value of $85,887.36. Following the sale, the chief executive officer now directly owns 45,096 shares in the company, valued at $11,631,160.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,269 shares of company stock worth $2,558,882. Insiders own 3.30% of the company’s stock.

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Essex Property Trust Profile

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.

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

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