Greenleaf Trust Makes New $229,000 Investment in Essex Property Trust, Inc. (NYSE:ESS)

Greenleaf Trust acquired a new position in shares of Essex Property Trust, Inc. (NYSE:ESS – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,094 shares of the real estate investment trust’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its position in Essex Property Trust by 100.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 120 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 60 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Essex Property Trust during the 1st quarter worth $26,000. Gradient Investments LLC purchased a new position in Essex Property Trust during the 1st quarter worth $27,000. Ameritas Advisory Services LLC purchased a new position in Essex Property Trust during the 1st quarter worth $38,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in Essex Property Trust by 6,600.0% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 201 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 198 shares during the last quarter. 92.93% of the stock is owned by hedge funds and other institutional investors.

Get Essex Property Trust alerts:

Essex Property Trust Stock Performance

Shares of ESS opened at $238.06 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.03. The stock has a market cap of $15.28 billion, a P/E ratio of 28.96, a PEG ratio of 2.47 and a beta of 0.77. The company has a 50-day moving average of $238.01 and a two-hundred day moving average of $225.27. Essex Property Trust, Inc. has a 12-month low of $195.03 and a 12-month high of $280.52.

Analyst Ratings Changes

ESS has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Essex Property Trust from $252.00 to $268.00 and gave the company a “neutral” rating in a report on Monday, August 21st. StockNews.com initiated coverage on shares of Essex Property Trust in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Wells Fargo & Company raised shares of Essex Property Trust from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $208.00 to $247.00 in a report on Thursday, August 10th. Barclays lowered their target price on shares of Essex Property Trust from $226.00 to $224.00 in a report on Wednesday, May 31st. Finally, Morgan Stanley lifted their target price on shares of Essex Property Trust from $228.50 to $244.00 and gave the company an “equal weight” rating in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $244.45.

Check Out Our Latest Research Report on Essex Property Trust

Essex Property Trust Company Profile

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

Featured Articles

• Five stocks we like better than Essex Property Trust
• Investing In Preferred Stock vs. Common Stock
• 3 Reasons High-Yield Bloomin’ Brands is About to Blossom
• EV Stocks and How to Profit from Them
• 5 Computer Vision Stocks with a Clear Path to Growth
• Uptrend Stocks Explained: Learn How to Trade Using Uptrends
• 3 Reasons Workday Stock Is Setting Up For A New Rally

Want to see what other hedge funds are holding ESS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Essex Property Trust, Inc. (NYSE:ESS – Free Report).

Receive News & Ratings for Essex Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essex Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.