Hartford Investment Management Co. Has $4.03 Million Stake in Essex Property Trust Inc (ESS)

Hartford Investment Management Co. lifted its stake in Essex Property Trust Inc (NYSE:ESS) by 10.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,848 shares of the real estate investment trust’s stock after acquiring an additional 1,465 shares during the period. Hartford Investment Management Co.’s holdings in Essex Property Trust were worth $4,026,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Essex Property Trust by 0.8% during the second quarter. Vanguard Group Inc. now owns 11,496,906 shares of the real estate investment trust’s stock valued at $2,957,809,000 after buying an additional 92,531 shares during the period. BlackRock Inc. boosted its stake in Essex Property Trust by 1.5% during the second quarter. BlackRock Inc. now owns 6,573,361 shares of the real estate investment trust’s stock valued at $1,691,128,000 after buying an additional 94,331 shares during the period. State Street Corp boosted its stake in Essex Property Trust by 0.7% during the second quarter. State Street Corp now owns 4,744,926 shares of the real estate investment trust’s stock valued at $1,220,731,000 after buying an additional 30,726 shares during the period. Principal Financial Group Inc. boosted its stake in Essex Property Trust by 3.6% during the third quarter. Principal Financial Group Inc. now owns 2,328,165 shares of the real estate investment trust’s stock valued at $591,424,000 after buying an additional 80,573 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Essex Property Trust by 38.3% during the second quarter. Bank of New York Mellon Corp now owns 1,488,052 shares of the real estate investment trust’s stock valued at $382,832,000 after buying an additional 412,316 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on ESS. Royal Bank Of Canada reissued an “outperform” rating and set a $276.00 price objective (up previously from $267.00) on shares of Essex Property Trust in a research note on Sunday, August 13th. Barclays restated a “buy” rating and set a $283.00 price target on shares of Essex Property Trust in a research report on Thursday, October 19th. Stifel Nicolaus initiated 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. Mizuho downgraded Essex Property Trust from a “neutral” rating to an “underperform” rating and set a $250.00 price target on the stock. in a research report on Monday, November 6th. Finally, 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. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $269.50.

Shares of Essex Property Trust Inc (ESS) opened at $247.04 on Friday. Essex Property Trust Inc has a 12-month low of $212.41 and a 12-month high of $270.04. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $16,313.78, a PE ratio of 21.11, a price-to-earnings-growth ratio of 3.33 and a beta of 0.50.

In other news, insider John D. Eudy sold 166 shares of Essex Property Trust stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $257.92, for a total value of $42,814.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael J. Schall sold 333 shares of Essex Property Trust stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $257.92, for a total value of $85,887.36. Following the completion of the transaction, the chief executive officer now owns 45,096 shares in the company, valued at approximately $11,631,160.32. The disclosure for this sale can be found here. Insiders have sold 2,334 shares of company stock worth $599,759 in the last 90 days. Company insiders own 3.30% 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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Institutional Ownership by Quarter for Essex Property Trust (NYSE:ESS)

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