Jump Financial LLC Sells 910 Shares of Essex Property Trust, Inc. (NYSE:ESS)

Posted by Defense World Staff on Aug 8th, 2023

Jump Financial LLC lessened its position in shares of Essex Property Trust, Inc. (NYSE:ESS – Free Report) by 31.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,950 shares of the real estate investment trust’s stock after selling 910 shares during the period. Jump Financial LLC’s holdings in Essex Property Trust were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Essex Property Trust by 1.8% in the first quarter. Vanguard Group Inc. now owns 10,614,782 shares of the real estate investment trust’s stock worth $3,667,195,000 after purchasing an additional 184,047 shares during the period. Norges Bank purchased a new stake in shares of Essex Property Trust in the 4th quarter valued at about $476,588,000. Geode Capital Management LLC boosted its position in shares of Essex Property Trust by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,443,951 shares of the real estate investment trust’s stock valued at $305,497,000 after acquiring an additional 20,616 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Essex Property Trust by 3.5% during the first quarter. Northern Trust Corp now owns 1,104,124 shares of the real estate investment trust’s stock worth $381,453,000 after purchasing an additional 37,651 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Essex Property Trust by 2.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,068,336 shares of the real estate investment trust’s stock worth $226,402,000 after purchasing an additional 22,196 shares during the last quarter. 92.78% of the stock is currently owned by hedge funds and other institutional investors.

Essex Property Trust Stock Up 0.6 %

Shares of NYSE ESS opened at $245.34 on Tuesday. The firm has a fifty day simple moving average of $234.44 and a two-hundred day simple moving average of $223.65. The firm has a market capitalization of $15.75 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 2.55 and a beta of 0.77. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.03. Essex Property Trust, Inc. has a 12 month low of $195.03 and a 12 month high of $300.33.

Essex Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $2.31 dividend. The ex-dividend date was Thursday, June 29th. This represents a $9.24 annualized dividend and a yield of 3.77%. Essex Property Trust’s dividend payout ratio (DPR) is presently 112.41%.

Wall Street Analyst Weigh In

A number of research firms have commented on ESS. StockNews.com started coverage on shares of Essex Property Trust in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Mizuho reduced their target price on Essex Property Trust from $246.00 to $221.00 in a research note on Friday, May 19th. Royal Bank of Canada lifted their price target on Essex Property Trust from $249.00 to $255.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Wolfe Research lowered Essex Property Trust from a “peer perform” rating to an “underperform” rating and set a $204.00 price objective on the stock. in a research report on Monday, May 15th. Finally, Scotiabank upgraded Essex Property Trust from a “sector underperform” rating to a “sector outperform” rating and set a $240.00 target price for the company in a research report on Wednesday, April 12th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned 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 an average target price of $242.65.

Get Our Latest Stock Report on Essex Property Trust

About Essex Property Trust

(Free Report)

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 251 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.