SeaCrest Wealth Management LLC bought a new position in shares of Essex Property Trust, Inc. (NYSE:ESS – Get Rating) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 178 shares of the real estate investment trust’s stock, valued at approximately $47,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Clear Street Markets LLC lifted its position in shares of Essex Property Trust by 434.6% during the second quarter. Clear Street Markets LLC now owns 139 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 113 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Essex Property Trust during the first quarter worth $52,000. CX Institutional bought a new stake in shares of Essex Property Trust during the second quarter worth $49,000. CENTRAL TRUST Co bought a new stake in shares of Essex Property Trust during the first quarter worth $67,000. Finally, Westwood Wealth Management bought a new stake in shares of Essex Property Trust during the first quarter worth $69,096,000. 91.57% of the stock is currently owned by institutional investors.
Essex Property Trust Price Performance
Shares of ESS stock opened at $211.59 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.13 and a current ratio of 1.13. Essex Property Trust, Inc. has a fifty-two week low of $205.76 and a fifty-two week high of $363.36. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 1.86 and a beta of 0.73. The stock’s 50-day simple moving average is $231.48 and its 200-day simple moving average is $260.68.
Essex Property Trust Announces Dividend
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on ESS. Stifel Nicolaus cut their price target on Essex Property Trust from $336.00 to $291.00 in a research note on Friday, October 7th. Royal Bank of Canada cut their price target on Essex Property Trust from $288.00 to $265.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Citigroup upgraded Essex Property Trust from a “neutral” rating to a “buy” rating and set a $295.00 price target on the stock in a research note on Monday, September 19th. Morgan Stanley cut their price target on Essex Property Trust from $313.00 to $288.00 and set an “equal weight” rating on the stock in a research note on Friday, October 21st. Finally, Bank of America lowered Essex Property Trust from a “buy” rating to a “neutral” rating and cut their price target for the company from $265.00 to $233.00 in a research note on Monday, November 14th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $279.11.
Essex Property Trust Company Profile
Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.
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