Thurston Springer Miller Herd & Titak Inc. Has $159,000 Holdings in Essex Property Trust, Inc. (NYSE:ESS)

Thurston Springer Miller Herd & Titak Inc. grew its stake in Essex Property Trust, Inc. (NYSE:ESS) by 12.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 539 shares of the real estate investment trust’s stock after buying an additional 58 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Essex Property Trust were worth $159,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC boosted its holdings in Essex Property Trust by 214.3% during the second quarter. Continuum Advisory LLC now owns 110 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 75 shares during the last quarter. UMB Bank n.a. boosted its holdings in Essex Property Trust by 600.0% during the second quarter. UMB Bank n.a. now owns 112 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 96 shares during the last quarter. Family Firm Inc. acquired a new position in Essex Property Trust during the second quarter worth $31,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Essex Property Trust by 121.8% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 193 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 106 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in Essex Property Trust during the second quarter worth $66,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity

In other news, CEO Angela L. Kleiman sold 8,080 shares of Essex Property Trust stock in a transaction on Monday, September 16th. The shares were sold at an average price of $315.10, for a total value of $2,546,008.00. Following the completion of the sale, the chief executive officer now owns 9,494 shares in the company, valued at $2,991,559.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Amal M. Johnson sold 2,453 shares of Essex Property Trust stock in a transaction on Friday, August 30th. The shares were sold at an average price of $300.00, for a total value of $735,900.00. Following the completion of the sale, the director now owns 2,585 shares of the company’s stock, valued at approximately $775,500. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Angela L. Kleiman sold 8,080 shares of Essex Property Trust stock in a transaction on Monday, September 16th. The shares were sold at an average price of $315.10, for a total transaction of $2,546,008.00. Following the completion of the sale, the chief executive officer now directly owns 9,494 shares of the company’s stock, valued at approximately $2,991,559.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,402 shares of company stock worth $6,399,663 in the last quarter. 3.80% of the stock is owned by corporate insiders.

Essex Property Trust Stock Up 0.4 %

Shares of NYSE ESS opened at $292.62 on Wednesday. The company has a 50 day simple moving average of $295.56 and a 200 day simple moving average of $274.91. The firm has a market cap of $18.79 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 5.21 and a beta of 0.88. Essex Property Trust, Inc. has a 1 year low of $203.85 and a 1 year high of $317.73. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.62 and a quick ratio of 1.62.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $1.45 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($2.40). The company had revenue of $442.36 million during the quarter, compared to the consensus estimate of $433.26 million. Essex Property Trust had a net margin of 30.31% and a return on equity of 9.14%. During the same quarter in the prior year, the firm earned $3.77 EPS. On average, research analysts forecast that Essex Property Trust, Inc. will post 15.55 EPS for the current year.

Essex Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were paid a $2.45 dividend. The ex-dividend date was Monday, September 30th. This represents a $9.80 annualized dividend and a dividend yield of 3.35%. Essex Property Trust’s dividend payout ratio is currently 119.80%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ESS shares. JPMorgan Chase & Co. upped their price target on shares of Essex Property Trust from $265.00 to $297.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Stifel Nicolaus increased their price objective on shares of Essex Property Trust from $267.00 to $268.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. BNP Paribas started coverage on shares of Essex Property Trust in a research report on Wednesday, September 11th. They set an “outperform” rating and a $333.00 price target on the stock. UBS Group raised their price target on shares of Essex Property Trust from $261.00 to $283.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Finally, The Goldman Sachs Group began coverage on shares of Essex Property Trust in a research note on Wednesday, September 4th. They set a “neutral” rating and a $318.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Essex Property Trust presently has a consensus rating of “Hold” and a consensus price target of $293.40.

Essex Property Trust 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.