Essex Property Trust, Inc. (NYSE:ESS) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in shares of Essex Property Trust, Inc. (NYSE:ESSGet Rating) by 31.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,611 shares of the real estate investment trust’s stock after selling 1,209 shares during the quarter. SG Americas Securities LLC’s holdings in Essex Property Trust were worth $632,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. CoreCap Advisors LLC acquired a new stake in Essex Property Trust during the 2nd quarter valued at $27,000. Clear Street Markets LLC grew its holdings in Essex Property Trust by 434.6% during the 2nd quarter. Clear Street Markets LLC now owns 139 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 113 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Essex Property Trust during the 2nd quarter valued at $47,000. CX Institutional acquired a new stake in Essex Property Trust during the 2nd quarter valued at $49,000. Finally, Alta Advisers Ltd acquired a new stake in Essex Property Trust during the 3rd quarter valued at $73,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Essex Property Trust Trading Down 0.0 %

NYSE:ESS opened at $216.19 on Monday. The business’s 50-day moving average is $213.91 and its two-hundred day moving average is $240.93. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.13 and a quick ratio of 1.13. Essex Property Trust, Inc. has a 12 month low of $205.24 and a 12 month high of $363.36. The firm has a market capitalization of $14.00 billion, a PE ratio of 39.16, a price-to-earnings-growth ratio of 1.93 and a beta of 0.72.

Essex Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Tuesday, January 3rd were given a $2.20 dividend. This represents a $8.80 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Friday, December 30th. Essex Property Trust’s dividend payout ratio (DPR) is presently 159.42%.

Analyst Ratings Changes

A number of brokerages have weighed in on ESS. JPMorgan Chase & Co. lowered Essex Property Trust from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $284.00 to $267.00 in a research note on Friday, December 16th. UBS Group began coverage on Essex Property Trust in a research note on Thursday, December 15th. They set a “neutral” rating and a $226.00 price target on the stock. StockNews.com raised Essex Property Trust from a “sell” rating to a “hold” rating in a research note on Friday, January 13th. Barclays reduced their price target on Essex Property Trust from $300.00 to $219.00 and set an “underweight” rating on the stock in a research note on Thursday, November 10th. Finally, Piper Sandler lowered Essex Property Trust from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $297.00 to $250.00 in a research note on Friday, October 28th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $254.85.

Insider Activity

In other Essex Property Trust news, Director Amal M. Johnson bought 500 shares of the stock in a transaction dated Friday, December 2nd. The stock was bought at an average cost of $218.44 per share, for a total transaction of $109,220.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $436,880. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.

Essex Property Trust Company Profile

(Get Rating)

Essex Property Trust, Inc operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.

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

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