John D. Eudy Sells 1,700 Shares of Essex Property Trust Inc (ESS) Stock

Essex Property Trust Inc (NYSE:ESS) EVP John D. Eudy sold 1,700 shares of Essex Property Trust stock in a transaction on Monday, December 11th. The shares were sold at an average price of $247.24, for a total value of $420,308.00. Following the completion of the sale, the executive vice president now owns 10,130 shares in the company, valued at approximately $2,504,541.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Essex Property Trust Inc (NYSE ESS) opened at $247.98 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $16,453.13, a price-to-earnings ratio of 21.30, a P/E/G ratio of 3.36 and a beta of 0.50. Essex Property Trust Inc has a 1-year low of $216.71 and a 1-year high of $270.04.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 2.82%. Essex Property Trust’s dividend payout ratio is presently 87.61%.

Several hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc raised its holdings in shares of Essex Property Trust by 0.3% in the 2nd quarter. IFP Advisors Inc now owns 1,575 shares of the real estate investment trust’s stock valued at $405,000 after buying an additional 4 shares during the period. Alps Advisors Inc. increased its holdings in Essex Property Trust by 0.5% during the 2nd quarter. Alps Advisors Inc. now owns 5,598 shares of the real estate investment trust’s stock worth $1,440,000 after purchasing an additional 30 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Essex Property Trust by 1.0% during the 2nd 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. Lazard Asset Management LLC increased its holdings in Essex Property Trust by 0.8% during the 2nd quarter. Lazard Asset Management LLC now owns 11,436 shares of the real estate investment trust’s stock worth $2,942,000 after purchasing an additional 88 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Essex Property Trust by 5.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 1,843 shares of the real estate investment trust’s stock worth $474,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 97.26% of the company’s stock.

ESS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Essex Property Trust from a “hold” rating to a “buy” rating and set a $289.00 target price on the stock in a research report on Tuesday, October 10th. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Essex Property Trust in a research report on Friday, November 3rd. Barclays restated an “overweight” rating and issued a $280.00 target price (up previously from $269.00) on shares of Essex Property Trust in a research report on Monday, August 21st. Robert W. Baird restated a “buy” rating and issued a $273.00 target price on shares of Essex Property Trust in a research report on Tuesday, September 12th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $276.00 target price on shares of Essex Property Trust in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $271.19.

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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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