Osterweis Capital Administration Inc. lifted its place in shares of Essex Property Belief, Inc. (NYSE:ESS) by 1.4% through the third quarter, based on its most up-to-date disclosure with the Securities & Alternate Fee. The institutional investor owned 4,055 shares of the actual property funding belief’s inventory after buying a further 55 shares through the quarter. Osterweis Capital Administration Inc.’s holdings in Essex Property Belief had been value $1,297,000 as of its most up-to-date submitting with the Securities & Alternate Fee.
Different hedge funds and different institutional traders have additionally not too long ago added to or lowered their stakes within the firm. Decision Capital Ltd raised its stake in Essex Property Belief by 86.9% through the second quarter. Decision Capital Ltd now owns 1,059,413 shares of the actual property funding belief’s inventory valued at $317,834,000 after shopping for a further 492,450 shares over the last quarter. Amundi bought a brand new place in Essex Property Belief through the second quarter valued at $70,216,000. Liberty Wealth Administration LLC raised its stake in shares of Essex Property Belief by 29,901.0% within the second quarter. Liberty Wealth Administration LLC now owns 204,307 shares of the actual property funding belief’s inventory value $681,000 after buying a further 203,626 shares over the last quarter. Prudential Monetary Inc. raised its stake in shares of Essex Property Belief by 58.1% within the second quarter. Prudential Monetary Inc. now owns 459,715 shares of the actual property funding belief’s inventory value $137,920,000 after buying a further 169,019 shares over the last quarter. Lastly, Cbre Clarion Securities LLC raised its stake in shares of Essex Property Belief by 239.6% within the second quarter. Cbre Clarion Securities LLC now owns 237,196 shares of the actual property funding belief’s inventory value $71,161,000 after buying a further 167,350 shares over the last quarter. Institutional traders personal 92.45% of the corporate’s inventory.
In associated information, EVP Adam W. Berry bought 3,235 shares of the inventory in a transaction that occurred on Monday, December thirteenth. The inventory was bought at a mean value of $352.95, for a complete transaction of $1,141,793.25. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which is out there via this hyperlink. Additionally, CFO Barbara Pak bought 5,257 shares of the inventory in a transaction that occurred on Wednesday, December eighth. The shares had been bought at a mean value of $348.00, for a complete worth of $1,829,436.00. The disclosure for this sale could be discovered right here. Within the final ninety days, insiders bought 12,521 shares of firm inventory valued at $4,389,721. Company insiders personal 3.80% of the corporate’s inventory.
A number of analysis analysts have not too long ago weighed in on ESS shares. Citigroup boosted their value goal on Essex Property Belief from $320.00 to $370.00 and gave the inventory a “impartial” ranking in a analysis observe on Monday, December thirteenth. JMP Securities restated a “maintain” ranking on shares of Essex Property Belief in a analysis observe on Tuesday, December seventh. Scotiabank minimize Essex Property Belief from a “sector carry out” ranking to a “sector underperform” ranking and lowered their value goal for the corporate from $363.00 to $338.00 in a analysis report on Thursday, December sixteenth. Barclays upped their value goal on Essex Property Belief from $335.00 to $367.00 in a analysis report on Tuesday, January 18th. Lastly, Zacks Funding Analysis upgraded Essex Property Belief from a “maintain” ranking to a “purchase” ranking and set a $355.00 value goal for the corporate in a analysis report on Monday, October 18th. Two funding analysts have rated the inventory with a promote ranking, seven have assigned a maintain ranking and ten have issued a purchase ranking to the inventory. Based mostly on information from MarketBeat, the corporate has a mean ranking of “Maintain” and a mean goal value of $356.76.
NYSE:ESS opened at $326.98 on Friday. The inventory has a 50-day easy shifting common of $341.89 and a two-hundred day easy shifting common of $334.69. Essex Property Belief, Inc. has a 52-week low of $252.00 and a 52-week excessive of $359.49. The corporate has a debt-to-equity ratio of 1.02, a fast ratio of 1.25 and a present ratio of 1.25. The agency has a market capitalization of $21.28 billion, a PE ratio of 43.54, a P/E/G ratio of 5.80 and a beta of 0.74.
Essex Property Belief (NYSE:ESS) final launched its quarterly earnings outcomes on Wednesday, February 2nd. The actual property funding belief reported $2.10 earnings per share (EPS) for the quarter, lacking the Thomson Reuters’ consensus estimate of $3.24 by ($1.14). Essex Property Belief had a web margin of 33.91% and a return on fairness of 6.60%. Throughout the identical interval within the prior yr, the enterprise posted $3.02 EPS. Equities analysts forecast that Essex Property Belief, Inc. will submit 13.81 earnings per share for the present fiscal yr.
The agency additionally not too long ago disclosed a quarterly dividend, which was paid on Friday, January 14th. Stockholders of report on Monday, January third had been paid a $2.09 dividend. This represents a $8.36 dividend on an annualized foundation and a dividend yield of two.56%. The ex-dividend date was Friday, December thirty first. Essex Property Belief’s dividend payout ratio (DPR) is 111.32%.
About Essex Property Belief
Essex Property Belief, Inc operates as an actual property funding belief. It engages within the possession, operation, administration, acquisition, improvement, and redevelopment of predominantly residence communities. The corporate was based by George M. Marcus in 1971 and is headquartered in San Mateo, CA.
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