Were Analysts Bearish Essex Property Trust, Inc. (NYSE:ESS) This Week?

July 14, 2018 - By Nadine Davis

Essex Property Trust, Inc. (NYSE:ESS) LogoInvestors sentiment decreased to 0.98 in Q1 2018. Its down 0.08, from 1.06 in 2017Q4. It is negative, as 37 investors sold Essex Property Trust, Inc. shares while 131 reduced holdings. 46 funds opened positions while 119 raised stakes. 62.36 million shares or 0.08% more from 62.32 million shares in 2017Q4 were reported.
Mufg Americas reported 3,146 shares. Alliancebernstein Limited Partnership has invested 0.05% in Essex Property Trust, Inc. (NYSE:ESS). Asset Management One Ltd holds 0.14% or 253,960 shares. 31,961 are owned by Fisher Asset Management Ltd. Moreover, Nelson Roberts Investment Advsrs has 0.02% invested in Essex Property Trust, Inc. (NYSE:ESS) for 327 shares. Kentucky Retirement holds 0.07% or 3,446 shares. New York-based Eii Cap Inc has invested 1.24% in Essex Property Trust, Inc. (NYSE:ESS). Checchi Advisers Ltd Llc invested in 0.03% or 1,044 shares. Jacobs Levy Equity Mgmt Inc has invested 0.3% of its portfolio in Essex Property Trust, Inc. (NYSE:ESS). Covington Cap Management reported 0.02% of its portfolio in Essex Property Trust, Inc. (NYSE:ESS). Goldman Sachs Grp accumulated 444,005 shares. New York-based Sg Americas Ltd Liability Corporation has invested 0.07% in Essex Property Trust, Inc. (NYSE:ESS). Proshare Advisors Ltd owns 31,480 shares. Independent Order Of Foresters accumulated 0.87% or 3,900 shares. Cibc Asset Mgmt Inc holds 0.01% of its portfolio in Essex Property Trust, Inc. (NYSE:ESS) for 6,824 shares.

Since February 12, 2018, it had 0 buys, and 2 selling transactions for $719,700 activity. The insider Burkart John F. sold $607,985.

Essex Property Trust, Inc. (NYSE:ESS) Ratings Coverage

Among 12 analysts covering Essex Property Trust (NYSE:ESS), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Essex Property Trust had 16 analyst reports since January 19, 2018 according to SRatingsIntel. The firm has “Outperform” rating by BMO Capital Markets given on Friday, March 2. As per Tuesday, February 20, the company rating was maintained by Wells Fargo. JP Morgan maintained the shares of ESS in report on Tuesday, March 6 with “Overweight” rating. Cantor Fitzgerald maintained it with “Buy” rating and $264.0 target in Wednesday, February 21 report. The firm earned “Hold” rating on Friday, February 9 by Sandler O’Neill. As per Wednesday, February 7, the company rating was maintained by Jefferies. The firm has “Overweight” rating by Barclays Capital given on Tuesday, January 30. The stock has “Buy” rating by SunTrust on Monday, January 22. The rating was downgraded by Stifel Nicolaus on Friday, January 19 to “Hold”. The stock of Essex Property Trust, Inc. (NYSE:ESS) has “Buy” rating given on Friday, June 8 by Bank of America. Below is a list of Essex Property Trust, Inc. (NYSE:ESS) latest ratings and price target changes.

14/06/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $267 New Target: $260 Maintain
08/06/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $276 New Target: $277 Maintain
20/03/2018 Broker: Sandler O’Neill Rating: Hold New Target: $250.0 Maintain
20/03/2018 Broker: SunTrust Rating: Hold New Target: $253.0 Downgrade
06/03/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $281 New Target: $277 Maintain
02/03/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Outperform Upgrade
21/02/2018 Broker: Cantor Fitzgerald Rating: Buy New Target: $264.0 Maintain
20/02/2018 Broker: Wells Fargo Rating: Hold New Target: $251.0 Maintain
13/02/2018 Broker: Bank of America Old Rating: Neutral New Rating: Buy Upgrade
09/02/2018 Broker: Sandler O’Neill Rating: Hold New Target: $235.0 Maintain

The stock decreased 1.26% or $3.07 during the last trading session, reaching $239.62. About 246,357 shares traded. Essex Property Trust, Inc. (NYSE:ESS) has declined 8.62% since July 14, 2017 and is downtrending. It has underperformed by 21.19% the S&P500.

Essex Property Trust, Inc. operates as a self-administered and self-managed real estate investment trust in the United States. The company has market cap of $16.37 billion. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. It has a 45.83 P/E ratio. As of March 31, 2012, the firm owned or had interests in 158 apartment communities; and 5 commercial buildings, as well as 5 development projects.

More news for Essex Property Trust, Inc. (NYSE:ESS) were recently published by: Forbes.com, which released: “These REIT Dividends Are Like Everlasting Gobstoppers” on July 13, 2018. Bizjournals.com‘s article titled: “Essex Property Trust moves forward with downtown San Mateo’s largest housing development” and published on July 13, 2018 is yet another important article.

Essex Property Trust, Inc. (NYSE:ESS) Institutional Positions Chart

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