Essex Property Trust, Inc. (NYSE:ESS) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,469 shares of the real estate investment trust’s stock after purchasing an additional 324 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Essex Property Trust were worth $3,559,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB grew its holdings in Essex Property Trust by 6.7% in the 4th quarter. Nordea Investment Management AB now owns 4,675 shares of the real estate investment trust’s stock valued at $1,334,000 after buying an additional 294 shares during the period. KBC Group NV grew its holdings in Essex Property Trust by 162.7% in the third quarter. KBC Group NV now owns 74,841 shares of the real estate investment trust’s stock valued at $22,109,000 after purchasing an additional 46,354 shares during the period. Quadrature Capital Ltd acquired a new position in Essex Property Trust during the third quarter worth approximately $541,000. Sanctuary Advisors LLC raised its stake in Essex Property Trust by 92.2% during the third quarter. Sanctuary Advisors LLC now owns 2,710 shares of the real estate investment trust’s stock worth $828,000 after purchasing an additional 1,300 shares during the period. Finally, ING Groep NV boosted its holdings in shares of Essex Property Trust by 54.2% in the 3rd quarter. ING Groep NV now owns 8,587 shares of the real estate investment trust’s stock valued at $2,537,000 after purchasing an additional 3,018 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JMP Securities restated a “market perform” rating on shares of Essex Property Trust in a report on Thursday, January 16th. BMO Capital Markets upgraded Essex Property Trust from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $323.00 to $310.00 in a research note on Monday, January 13th. Mizuho reduced their price objective on Essex Property Trust from $325.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Barclays dropped their target price on shares of Essex Property Trust from $316.00 to $302.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Wells Fargo & Company reduced their price target on shares of Essex Property Trust from $314.00 to $305.00 and set an “equal weight” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $304.32.

Essex Property Trust Trading Down 0.1 %

Shares of ESS opened at $277.43 on Monday. Essex Property Trust, Inc. has a one year low of $223.06 and a one year high of $317.73. The stock has a 50-day moving average price of $290.92 and a 200 day moving average price of $292.10. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $17.83 billion, a P/E ratio of 32.41, a P/E/G ratio of 5.36 and a beta of 0.92.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $3.88 by ($2.04). Essex Property Trust had a return on equity of 9.72% and a net margin of 31.55%. The company had revenue of $450.70 million for the quarter, compared to analyst estimates of $445.88 million. During the same period in the previous year, the business posted $3.78 EPS. Sell-side analysts forecast that Essex Property Trust, Inc. will post 15.58 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were paid a dividend of $2.45 per share. This represents a $9.80 annualized dividend and a yield of 3.53%. The ex-dividend date was Thursday, January 2nd. Essex Property Trust’s dividend payout ratio (DPR) is presently 114.49%.

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 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.