Investors bought shares of Essex Property Trust Inc (NYSE:ESS) on weakness during trading on Monday. $65.25 million flowed into the stock on the tick-up and $49.42 million flowed out of the stock on the tick-down, for a money net flow of $15.83 million into the stock. Of all equities tracked, Essex Property Trust had the 28th highest net in-flow for the day. Essex Property Trust traded down ($0.09) for the day and closed at $227.85

Several equities analysts have commented on ESS shares. Raymond James Financial reissued an “underperform” rating on shares of Essex Property Trust in a research note on Monday, January 8th. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of Essex Property Trust in a research note on Friday, November 3rd. Sandler O’Neill set a $250.00 price objective on shares of Essex Property Trust and gave the stock a “hold” rating in a research note on Friday, January 12th. Evercore ISI raised shares of Essex Property Trust from an “in-line” rating to an “outperform” rating and set a $274.00 price objective on the stock in a research note on Monday, December 11th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $276.00 price objective on shares of Essex Property Trust in a research note on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned 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 $262.76.

The company has a market cap of $15,050.00, a price-to-earnings ratio of 34.68, a P/E/G ratio of 2.93 and a beta of 0.42. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.89.

Essex Property Trust (NYSE:ESS) last announced its earnings results on Wednesday, February 7th. The real estate investment trust reported $3.01 EPS for the quarter, topping the consensus estimate of $3.00 by $0.01. Essex Property Trust had a net margin of 31.75% and a return on equity of 6.76%. The company had revenue of $345.06 million during the quarter, compared to analysts’ expectations of $346.50 million. During the same period last year, the company posted $2.85 earnings per share. sell-side analysts predict that Essex Property Trust Inc will post 12.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Thursday, December 28th. Essex Property Trust’s payout ratio is 106.54%.

In related news, insider Craig K. Zimmerman sold 1,001 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $247.24, for a total transaction of $247,487.24. Following the completion of the sale, the insider now directly owns 11,284 shares in the company, valued at $2,789,856.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Angela L. Kleiman sold 600 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $247.16, for a total transaction of $148,296.00. Following the sale, the chief financial officer now owns 7,777 shares of the company’s stock, valued at $1,922,163.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,102 shares of company stock valued at $2,003,715. Corporate insiders own 3.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Essex Property Trust by 1.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 4,821 shares of the real estate investment trust’s stock worth $1,240,000 after purchasing an additional 49 shares during the period. Advisor Group Inc. boosted its holdings in shares of Essex Property Trust by 14.2% during the second quarter. Advisor Group Inc. now owns 1,021 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 127 shares during the period. Phocas Financial Corp. boosted its holdings in shares of Essex Property Trust by 3.4% during the second quarter. Phocas Financial Corp. now owns 4,252 shares of the real estate investment trust’s stock worth $1,094,000 after purchasing an additional 138 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Essex Property Trust by 0.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 21,110 shares of the real estate investment trust’s stock worth $5,363,000 after purchasing an additional 194 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Essex Property Trust by 1.9% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 10,841 shares of the real estate investment trust’s stock worth $2,754,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.

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Essex Property Trust Company 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.

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