Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Essex Property Trust, Inc.NYSE: ESS – Get Votes) in the first quarter, according to the company in a recent filing with the SEC. The firm acquired 150 shares of the real estate investment trust’s stock, valued at approximately $52,000.
Several other investors have also added to or reduced their stakes in ESS. Norges Bank bought a new position in Essex Property Trust in the 4th quarter valued at approximately $721,012,000. BlackRock Inc. lifted its holdings in Essex Property Trust by 3.8% in the 4th quarter. BlackRock Inc. now owns 6,686,520 shares of the real estate investment trust’s stock valued at $2,355,194,000 after purchasing an additional 242,033 shares during the last year. State Street Corp lifted its holdings in Essex Property Trust by 4.8% in the fourth quarter. State Street Corp now owns 4,902,579 shares of the real estate investment trust’s stock valued at $1,736,904,000 after purchasing an additional 224,989 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Essex Property Trust by 71.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 466,253 shares of the real estate investment trust’s stock valued at $161,081,000 after purchasing an additional 194,288 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Essex Property Trust by 19.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 449,483 shares of the real estate investment trust’s stock valued at $158,321,000 after purchasing an additional 74,633 shares during the last quarter. Investors own 96.09% of the company’s stock.
Company Opinion Essex Property Trust Stock Performance
NYSE ESS opened at $273.81 on Monday. The company has a fifty day moving average of $270.86 and a 200 day moving average of $311.31. Essex Property Trust, Inc. it has a 12-month low of $250.62 and a 12-month high of $363.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt ratio of 0.98. The company has market capitalization of $17.89 billion, a P/E ratio of 45.33, a PEG ratio of 3.05 and a beta of 0.76.
Essex Property Trust (NYSE: ESS – Get Votes) last posted its quarterly earnings results on Tuesday, April 26. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.35 and ($2.23). Essex Property Trust had a margin of 26.81% and a dividend yield of 5.25%. In the same quarter last year, the company earned $3.07 per share. Market research analysts predict that Essex Property Trust, Inc. it will earn 14.17 earnings per share in recent years.
Financial reports Essex Property Trust Dividend
The company also announced its third quarterly dividend, which was issued on Friday, July 15th. Investors of record on Thursday, June 30th were issued a $2.20 dividend. The company paid $8.80 per share during the last period and the annual yield was 3.21 %. The previous distribution date was Wednesday, June 29th. Essex Property Trust’s share price changed to +145.70%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Truist Financial dropped their price target on shares of Essex Property Trust from $323.00 to $299.00 and set a “buy” rating for the company in a report on Friday, June 24. Goldman Sachs Group raised shares of Essex Property Trust from a “sell” rating to a “buy” rating and lowered the price target. Their price went from $352.00 to $338.00 in a report on Tuesday, May 17th. StockNews.com The latest financial report for Essex Property Trust was 31/03/2019. They put a “hold” rating on the company. Morgan Stanley dropped their target price on shares of Essex Property Trust from $313.00 to $270.00 and set an “equal weight” rating for the company in a report on Friday, July 15th. Finally, Jefferies Financial Group lowered their price target on shares of Essex Property Trust from $316.00 to $235.00 and set an “outperform” rating for the company in a report on Thursday, June 30th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a target price of $313.63.
Essex Property Trust company’s opinion
Essex Property Trust, Inc, an S&P 500 company, is an integrated real estate investment trust (REIT) that acquires, develops, renovates, and manages residential properties in select West Coast markets. Essex currently has ownership interests in 246 units of approximately 60,000 homes with an additional 6 units in various stages of development.
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