Discussion stirs around Essex Property Trust, Inc. (NYSE:ESS) this week; here is what analysts are saying.

July 14, 2018 - By Dolores Ford

Essex Property Trust, Inc. (NYSE:ESS) LogoInvestors sentiment decreased to 0.98 in 2018 Q1. Its down 0.08, from 1.06 in 2017Q4. It worsened, as 37 investors sold Essex Property Trust, Inc. shares while 131 reduced holdings. 46 funds opened positions while 119 raised stakes. 62.36 million shares or 0.08% more from 62.32 million shares in 2017Q4 were reported.
Asset One Limited reported 253,960 shares. Checchi Cap Advisers Ltd Liability, California-based fund reported 1,044 shares. Ontario Teachers Pension Plan Board, Ontario – Canada-based fund reported 21,630 shares. Rhumbline Advisers holds 0.07% or 142,094 shares in its portfolio. Meeder Asset Mngmt holds 0.27% of its portfolio in Essex Property Trust, Inc. (NYSE:ESS) for 11,960 shares. Conning reported 1,320 shares. Pinebridge Invs Ltd Partnership invested 0.26% in Essex Property Trust, Inc. (NYSE:ESS). Voya Investment Mngmt Lc has 33,551 shares for 0.02% of their portfolio. Cibc Ww Mkts Corp holds 0.02% or 8,561 shares in its portfolio. Chilton Management holds 2.28% or 94,949 shares. Gulf Financial Bank (Uk) invested in 0.06% or 20,710 shares. State Of Tennessee Treasury Department holds 0.09% of its portfolio in Essex Property Trust, Inc. (NYSE:ESS) for 73,725 shares. Voloridge Invest Mngmt Ltd Liability owns 0.07% invested in Essex Property Trust, Inc. (NYSE:ESS) for 11,690 shares. Bnp Paribas Asset Management Hldg Sa accumulated 30,892 shares or 0.06% of the stock. Putnam Investments Ltd Com reported 4,482 shares.

Since February 12, 2018, it had 0 insider buys, and 2 insider sales for $719,700 activity. On Monday, February 12 MARTIN GARY P sold $111,715 worth of Essex Property Trust, Inc. (NYSE:ESS) or 500 shares.

Essex Property Trust, Inc. (NYSE:ESS) Ratings Coverage

Among 12 analysts covering Essex Property Trust (NYSE:ESS), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Essex Property Trust had 16 analyst reports since January 19, 2018 according to SRatingsIntel. The rating was maintained by Wells Fargo on Tuesday, February 20 with “Hold”. The firm earned “Hold” rating on Friday, February 9 by Sandler O’Neill. JP Morgan maintained the stock with “Overweight” rating in Tuesday, March 6 report. On Tuesday, February 13 the stock rating was upgraded by Bank of America to “Buy”. The stock of Essex Property Trust, Inc. (NYSE:ESS) earned “Buy” rating by SunTrust on Monday, January 22. The firm earned “Buy” rating on Friday, June 8 by Bank of America. The firm has “Overweight” rating by Morgan Stanley given on Thursday, June 14. BMO Capital Markets upgraded Essex Property Trust, Inc. (NYSE:ESS) on Friday, March 2 to “Outperform” rating. BMO Capital Markets maintained Essex Property Trust, Inc. (NYSE:ESS) rating on Wednesday, February 7. BMO Capital Markets has “Hold” rating and $250.0 target. The firm has “Hold” rating by SunTrust given on Tuesday, March 20. Below is a list of Essex Property Trust, Inc. (NYSE:ESS) latest ratings and price target changes.

14/06/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $267 New Target: $260 Maintain
08/06/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $276 New Target: $277 Maintain
20/03/2018 Broker: Sandler O’Neill Rating: Hold New Target: $250.0 Maintain
20/03/2018 Broker: SunTrust Rating: Hold New Target: $253.0 Downgrade
06/03/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $281 New Target: $277 Maintain
02/03/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Outperform Upgrade
21/02/2018 Broker: Cantor Fitzgerald Rating: Buy New Target: $264.0 Maintain
20/02/2018 Broker: Wells Fargo Rating: Hold New Target: $251.0 Maintain
13/02/2018 Broker: Bank of America Old Rating: Neutral New Rating: Buy Upgrade
09/02/2018 Broker: Sandler O’Neill Rating: Hold New Target: $235.0 Maintain

The stock decreased 1.26% or $3.07 during the last trading session, reaching $239.62. About 246,357 shares traded. Essex Property Trust, Inc. (NYSE:ESS) has declined 8.62% since July 14, 2017 and is downtrending. It has underperformed by 21.19% the S&P500.

Essex Property Trust, Inc. operates as a self-administered and self-managed real estate investment trust in the United States. The company has market cap of $16.37 billion. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. It has a 45.83 P/E ratio. As of March 31, 2012, the firm owned or had interests in 158 apartment communities; and 5 commercial buildings, as well as 5 development projects.

More news for Essex Property Trust, Inc. (NYSE:ESS) were recently published by: Bizjournals.com, which released: “Essex Property Trust moves forward with downtown San Mateo’s largest housing development” on July 13, 2018. Forbes.com‘s article titled: “These REIT Dividends Are Like Everlasting Gobstoppers” and published on July 13, 2018 is yet another important article.

Essex Property Trust, Inc. (NYSE:ESS) Institutional Positions Chart

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