Pacer Advisors Inc. Buys 639 Shares of Essex Property Trust, Inc. (NYSE:ESS)

Pacer Advisors Inc. raised its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 13.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,359 shares of the real estate investment trust’s stock after acquiring an additional 639 shares during the period. Pacer Advisors Inc.’s holdings in Essex Property Trust were worth $1,530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ESS. Geode Capital Management LLC lifted its stake in shares of Essex Property Trust by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,726,072 shares of the real estate investment trust’s stock worth $508,381,000 after purchasing an additional 25,591 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Essex Property Trust by 16.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,329,516 shares of the real estate investment trust’s stock worth $392,766,000 after purchasing an additional 183,947 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Essex Property Trust by 6.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 754,179 shares of the real estate investment trust’s stock worth $222,800,000 after purchasing an additional 47,114 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Essex Property Trust by 732.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 719,596 shares of the real estate investment trust’s stock worth $212,583,000 after purchasing an additional 633,200 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Essex Property Trust by 154.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 444,391 shares of the real estate investment trust’s stock worth $131,282,000 after purchasing an additional 269,923 shares during the period. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JMP Securities reiterated a “market perform” rating on shares of Essex Property Trust in a research note on Thursday, January 16th. Raymond James lowered shares of Essex Property Trust from an “outperform” rating to a “market perform” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised shares of Essex Property Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $308.00 to $310.00 in a report on Tuesday, January 21st. JPMorgan Chase & Co. lowered shares of Essex Property Trust from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $297.00 to $303.00 in a report on Tuesday, December 17th. Finally, BMO Capital Markets raised shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $323.00 to $310.00 in a report on Monday, January 13th. One investment 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $304.32.

Essex Property Trust Stock Up 1.1 %

Shares of ESS opened at $284.32 on Friday. The company has a market cap of $18.27 billion, a PE ratio of 33.22, a P/E/G ratio of 6.42 and a beta of 0.92. The business has a fifty day moving average of $288.74 and a 200 day moving average of $292.16. Essex Property Trust, Inc. has a 52-week low of $223.06 and a 52-week high of $317.73. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.13.

Essex Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were given a $2.45 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $9.80 dividend on an annualized basis and a yield of 3.45%. Essex Property Trust’s dividend payout ratio 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.