KCM Investment Advisors LLC Acquires 1,435 Shares of Essex Property Trust Inc (ESS)

KCM Investment Advisors LLC lifted its holdings in shares of Essex Property Trust Inc (NYSE:ESS) by 42.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,830 shares of the real estate investment trust’s stock after purchasing an additional 1,435 shares during the period. KCM Investment Advisors LLC’s holdings in Essex Property Trust were worth $1,166,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of Essex Property Trust by 1.4% during the 4th quarter. BlackRock Inc. now owns 6,812,160 shares of the real estate investment trust’s stock valued at $1,644,253,000 after purchasing an additional 94,542 shares during the last quarter. Cbre Clarion Securities LLC boosted its position in Essex Property Trust by 6.1% during the 4th quarter. Cbre Clarion Securities LLC now owns 1,091,140 shares of the real estate investment trust’s stock valued at $263,368,000 after buying an additional 62,762 shares during the period. Bank of Montreal Can boosted its position in Essex Property Trust by 5.4% during the 4th quarter. Bank of Montreal Can now owns 1,034,873 shares of the real estate investment trust’s stock valued at $249,787,000 after buying an additional 53,102 shares during the period. Dimensional Fund Advisors LP boosted its position in Essex Property Trust by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 940,078 shares of the real estate investment trust’s stock valued at $238,806,000 after buying an additional 18,322 shares during the period. Finally, Deutsche Bank AG boosted its position in Essex Property Trust by 17.5% during the 4th quarter. Deutsche Bank AG now owns 847,173 shares of the real estate investment trust’s stock valued at $204,477,000 after buying an additional 125,907 shares during the period. 97.24% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

Shares of ESS stock opened at $229.17 on Friday. Essex Property Trust Inc has a 12-month low of $214.03 and a 12-month high of $270.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $15,427.01, a PE ratio of 34.83, a PEG ratio of 3.18 and a beta of 0.45.

Essex Property Trust (NYSE:ESS) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $3.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.00 by $0.01. Essex Property Trust had a net margin of 31.75% and a return on equity of 6.76%. The firm had revenue of $345.06 million during the quarter, compared to analysts’ expectations of $346.50 million. During the same period last year, the company posted $2.85 EPS. research analysts predict that Essex Property Trust Inc will post 12.43 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be given a $1.86 dividend. This represents a $7.44 annualized dividend and a dividend yield of 3.25%. This is a boost from Essex Property Trust’s previous quarterly dividend of $1.75. The ex-dividend date of this dividend is Wednesday, March 28th. Essex Property Trust’s dividend payout ratio (DPR) is currently 106.38%.

Several brokerages have weighed in on ESS. BMO Capital Markets reissued a “hold” rating and set a $250.00 price target on shares of Essex Property Trust in a research report on Tuesday, January 9th. Citigroup raised shares of Essex Property Trust to an “overweight” rating and increased their price target for the company from $253.00 to $278.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Sandler O’Neill set a $235.00 price target on shares of Essex Property Trust and gave the company a “hold” rating in a research report on Friday, February 9th. Cantor Fitzgerald set a $264.00 price target on shares of Essex Property Trust and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, BTIG Research raised shares of Essex Property Trust from a “neutral” rating to a “buy” rating and set a $273.00 price target for the company in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Essex Property Trust has a consensus rating of “Buy” and an average target price of $264.25.

In related news, insider Glenn Olnick sold 1,600,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $0.10, for a total value of $160,000.00. Also, Director Gary P. Martin sold 500 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $223.43, for a total transaction of $111,715.00. Following the completion of the transaction, the director now owns 5,736 shares of the company’s stock, valued at $1,281,594.48. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was first reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/3295801/kcm-investment-advisors-llc-acquires-1435-shares-of-essex-property-trust-inc-ess.html.

About Essex Property Trust

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.

Institutional Ownership by Quarter for Essex Property Trust (NYSE:ESS)

Receive News & Ratings for Essex Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essex Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

FS Bancorp  Receives Daily Coverage Optimism Rating of 0.23
FS Bancorp Receives Daily Coverage Optimism Rating of 0.23
Somewhat Favorable News Coverage Somewhat Unlikely to Impact Ooma  Share Price
Somewhat Favorable News Coverage Somewhat Unlikely to Impact Ooma Share Price
VBI Vaccines  Receiving Somewhat Favorable News Coverage, Report Finds
VBI Vaccines Receiving Somewhat Favorable News Coverage, Report Finds
Continental Resources  Hits New 1-Year High and Low After Analyst Upgrade
Continental Resources Hits New 1-Year High and Low After Analyst Upgrade
Contrasting Valhi  and NL Industries
Contrasting Valhi and NL Industries
Stellite  Reaches Market Capitalization of $0.00
Stellite Reaches Market Capitalization of $0.00


© 2006-2018 Ticker Report. Google+.