Mitsubishi UFJ Trust & Banking Corp Has $34.06 Million Position in Essex Property Trust Inc (ESS)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in Essex Property Trust Inc (NYSE:ESS) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 134,078 shares of the real estate investment trust’s stock after selling 551 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.20% of Essex Property Trust worth $34,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Essex Property Trust by 0.8% in the second quarter. Vanguard Group Inc. now owns 11,496,906 shares of the real estate investment trust’s stock valued at $2,957,809,000 after acquiring an additional 92,531 shares during the period. BlackRock Inc. increased its position in shares of Essex Property Trust by 1.5% in the second quarter. BlackRock Inc. now owns 6,573,361 shares of the real estate investment trust’s stock valued at $1,691,128,000 after acquiring an additional 94,331 shares during the period. State Street Corp increased its position in shares of Essex Property Trust by 0.7% in the second quarter. State Street Corp now owns 4,744,926 shares of the real estate investment trust’s stock valued at $1,220,731,000 after acquiring an additional 30,726 shares during the period. Principal Financial Group Inc. increased its position in shares of Essex Property Trust by 3.6% in the third quarter. Principal Financial Group Inc. now owns 2,328,165 shares of the real estate investment trust’s stock valued at $591,424,000 after acquiring an additional 80,573 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Essex Property Trust by 38.3% in the second quarter. Bank of New York Mellon Corp now owns 1,488,052 shares of the real estate investment trust’s stock valued at $382,832,000 after acquiring an additional 412,316 shares during the period. Institutional investors own 97.26% of the company’s stock.

A number of equities analysts have issued reports on ESS shares. BMO Capital Markets restated a “hold” rating and issued a $257.00 price objective on shares of Essex Property Trust in a research report on Monday, November 27th. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Essex Property Trust in a research report on Friday, November 3rd. Morgan Stanley boosted their price objective on shares of Essex Property Trust from $260.00 to $267.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. Royal Bank Of Canada restated an “outperform” rating and issued a $276.00 price objective (up previously from $267.00) on shares of Essex Property Trust in a research report on Sunday, August 13th. Finally, Zacks Investment Research upgraded shares of Essex Property Trust from a “hold” rating to a “buy” rating and set a $289.00 price objective on the stock in a research report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $269.50.

Shares of Essex Property Trust Inc (NYSE:ESS) opened at $246.28 on Tuesday. The firm has a market cap of $16,313.79, a PE ratio of 21.11, a PEG ratio of 3.33 and a beta of 0.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.83 and a current ratio of 0.83. Essex Property Trust Inc has a 52 week low of $212.41 and a 52 week high of $270.04.

In other news, insider Craig K. Zimmerman sold 167 shares of Essex Property Trust stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $267.02, for a total transaction of $44,592.34. Following the sale, the insider now owns 10,450 shares of the company’s stock, valued at approximately $2,790,359. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary P. Martin sold 1,000 shares of Essex Property Trust stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $255.59, for a total transaction of $255,590.00. Following the sale, the director now directly owns 6,236 shares in the company, valued at approximately $1,593,859.24. The disclosure for this sale can be found here. Insiders have sold a total of 2,334 shares of company stock worth $599,759 in the last ninety days. Insiders own 3.30% of the company’s stock.

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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)

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