Do Institutional Investors Love Essex Property Trust Inc (NYSE:ESS)?

January 14, 2018 - By Michael Collier

 Do Institutional Investors Love Essex Property Trust Inc (NYSE:ESS)?

Sentiment for Essex Property Trust Inc (NYSE:ESS)

Essex Property Trust Inc (NYSE:ESS) institutional sentiment increased to 1.3 in 2017 Q3. Its up 0.13, from 1.17 in 2017Q2. The ratio has increased, as 181 active investment managers increased or started new equity positions, while 139 sold and reduced positions in Essex Property Trust Inc. The active investment managers in our partner’s database now hold: 62.90 million shares, down from 64.73 million shares in 2017Q2. Also, the number of active investment managers holding Essex Property Trust Inc in their top 10 equity positions was flat from 8 to 8 for the same number . Sold All: 21 Reduced: 118 Increased: 137 New Position: 44.

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 $15.51 billion. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. It has a 28.47 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.

The stock decreased 2.30% or $5.34 during the last trading session, reaching $227.1. About 435,730 shares traded or 25.75% up from the average. Essex Property Trust, Inc. (NYSE:ESS) has risen 15.01% since January 14, 2017 and is uptrending. It has underperformed by 1.69% the S&P500.

Analysts await Essex Property Trust, Inc. (NYSE:ESS) to report earnings on February, 1. They expect $3.00 earnings per share, up 6.76 % or $0.19 from last year’s $2.81 per share. ESS’s profit will be $204.86 million for 18.93 P/E if the $3.00 EPS becomes a reality. After $2.98 actual earnings per share reported by Essex Property Trust, Inc. for the previous quarter, Wall Street now forecasts 0.67 % EPS growth.

Resolution Capital Ltd holds 4.21% of its portfolio in Essex Property Trust, Inc. for 360,236 shares. Adelante Capital Management Llc owns 286,643 shares or 4.01% of their US portfolio. Moreover, Cbre Clarion Securities Llc has 2.89% invested in the company for 1.03 million shares. The California-based Alethea Capital Management Llc has invested 2.84% in the stock. Cohen & Steers Inc, a New York-based fund reported 3.73 million shares.#img1#

Since January 1, 0001, it had 0 buys, and 20 sales for $5.27 million activity.

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

Ratings analysis reveals 50% of Essex Property Trust’s analysts are positive. Out of 26 Wall Street analysts rating Essex Property Trust, 13 give it “Buy”, 3 “Sell” rating, while 10 recommend “Hold”. The lowest target is $210 while the high is $294.0. The stock’s average target of $263.43 is 16.00% above today’s ($227.1) share price. ESS was included in 78 notes of analysts from July 21, 2015. The company was maintained on Monday, August 21 by Barclays Capital. BTIG Research initiated Essex Property Trust, Inc. (NYSE:ESS) rating on Thursday, August 25. BTIG Research has “Buy” rating and $260 target. The stock has “Buy” rating by RBC Capital Markets on Friday, July 14. The firm has “Outperform” rating given on Tuesday, February 9 by RBC Capital Markets. Canaccord Genuity maintained the stock with “Hold” rating in Monday, October 31 report. The stock of Essex Property Trust, Inc. (NYSE:ESS) has “Market Outperform” rating given on Tuesday, September 15 by JMP Securities. Capital One upgraded the shares of ESS in report on Monday, May 16 to “Overweight” rating. RBC Capital Markets maintained Essex Property Trust, Inc. (NYSE:ESS) on Thursday, March 30 with “Buy” rating. The firm has “Underperform” rating given on Monday, January 8 by Raymond James. Evercore maintained Essex Property Trust, Inc. (NYSE:ESS) on Tuesday, September 8 with “Buy” rating.

More recent Essex Property Trust, Inc. (NYSE:ESS) news were published by: which released: “Essex Property Trust Becomes Oversold” on January 12, 2018. Also published the news titled: “Essex Property Trust, Inc. (ESS) Ex-Dividend Date Scheduled for December 28, 2017” on December 27, 2017.‘s news article titled: “First Week of ESS February 16th Options Trading” with publication date: January 09, 2018 was also an interesting one.

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