Economy

Insider Trading at Essex Property Trust Inc.?

Nationwide Fund Advisors downsized its stake by shedding 17,132 shares a decrease of 4.5%. National Pension Service now owns 58,109 shares of the real estate investment trust's stock worth $13,514,000 after buying an additional 3,888 shares during the period. State of New Jersey Common Pension Fund D owned about 0.23% of Essex Property Trust worth $39,609,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Its position stood at $10,536,000 an increase of 5.2% as of quarter end. The stock of Essex Property Trust Inc (NYSE:ESS) earned "Neutral" rating by DA Davidson on Friday, September 18. Robecosam AG now owns 2,700 shares of the real estate investment trust's stock worth $103,000 after buying an additional 1,400 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Liberty Property Trust by 508.8% in the second quarter.

Alliancebernstein L.P. says it raised its ownership in Columbia Property Trust, Inc. stock by 113,759 shares as of the end of the last quarter. The SI to Essex Property Trust Incorporated's float is 3.66%. NN Investment Partners Holdings N.V. now owns 230,793 shares of the real estate investment trust's stock valued at $53,435,000 after buying an additional 146,356 shares in the last quarter. Essex Property Trust Inc. now has $17.37 billion valuation. Cigna Investments New's holdings in Columbia Property Trust were valued $1,023,000 as of its latest document with the Security and Exchange Commission. Essex Property Trust, Inc. has a 52 week low of $200.01 and a 52 week high of $268.97. Pggm Invests has invested 1.03% in Essex Property Trust Inc (NYSE:ESS). 216,120 shares of the company's stock were exchanged. The company's 50 day moving average price is $260.52 and its 200-day moving average price is $245.65.

The company is so far trading down from yesterday's close of $21.27. Essex Property Trust, Inc.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $2.97 earnings per share for the quarter, beating the Zacks' consensus estimate of $2.92 by $0.05. With 307,800 avg volume, 8 days are for Essex Property Trust Incorporated (NYSE:ESS)'s short sellers to cover ESS's short positions. The business had revenue of $74.86 million for the quarter, compared to analyst estimates of $79.51 million. During the same quarter in the prior year, the firm posted $2.74 earnings per share. Equities research analysts predict that Essex Property Trust, Inc. will post $6.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Friday, June 30th were given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Wednesday, June 28th. Liberty Property Trust's dividend payout ratio (DPR) is presently 68.38%.

News articles about Liberty Property Trust (NYSE:LPT) have trended somewhat positive this week, according to Accern. "(ESS)" was originally reported by BBNS and is owned by of BBNS. If you are viewing this report on another site, it was illegally stolen and republished in violation of USA & global copyright laws. The correct version of this piece can be read at https://sportsperspectives.com/2017/08/11/cigna-investments-inc-new-has-1023000-position-in-columbia-property-trust-inc-nysecxp.html.

ESS has been the topic of a number of recent research reports. Cantor Fitzgerald restated a "buy" rating and set a $269.00 target price on shares of Essex Property Trust in a research note on Wednesday, May 3rd. BidaskClub boosted Columbia Property Trust from a "strong sell" recommendation to a "sell" recommendation in a analysis report on early Thur, Jun 22nd.

Among 21 analysts covering Essex Property Trust (NYSE:ESS), 6 have Buy rating, 2 Sell and 13 Hold. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. The stock has "Hold" rating by Jefferies on Monday, December 12. SCHALL MICHAEL J had sold 334 shares worth $87,842. The stock was sold at an average price of $263.97, for a total transaction of $44,082.99. Following the completion of the transaction, the director now directly owns 6,236 shares of the company's stock, valued at approximately $1,633,457.84. The stock was sold at an average price of $261.94, for a total transaction of $261,940.00. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued. The disclosure for this sale can be found here.

In related news, Director Irving F. Lyons III sold 1,024 shares of Essex Property Trust stock in a transaction that occurred on Thursday, May 18th.

Essex Property Trust, Inc.is a self-administered and self-managed real estate investment trust. Its segments include Southern California, Northern California, Seattle Metro and Other real estate assets.



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