Will Investors Now Buy Essex Property Trust (NYSE:ESS) Stock Following Today’s, SunTrust Robinson Humphrey Upgrades?

January 23, 2018 - By Vivian Park

  Will Investors Now Buy Essex Property Trust (NYSE:ESS) Stock Following Today’s, SunTrust Robinson Humphrey Upgrades?

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.13, from 1.17 in 2017Q2. It increased, as 21 investors sold Essex Property Trust, Inc. shares while 118 reduced holdings. 44 funds opened positions while 137 raised stakes. 62.90 million shares or 2.83% less from 64.73 million shares in 2017Q2 were reported.

9,605 are held by Cibc Mkts Corporation. First Personal Fincl Serv holds 0.01% in Essex Property Trust, Inc. (NYSE:ESS) or 257 shares. Independent Order Of Foresters holds 1.04% of its portfolio in Essex Property Trust, Inc. (NYSE:ESS) for 4,945 shares. Kempen Management Nv, a Netherlands-based fund reported 14,614 shares. Robeco Institutional Asset Bv accumulated 3,102 shares. Morgan Stanley holds 846,255 shares or 0.06% of its portfolio. D E Shaw holds 0% or 1,241 shares. Credit Agricole S A holds 52,300 shares. Greenleaf has invested 0% in Essex Property Trust, Inc. (NYSE:ESS). Investec Asset Management Ltd accumulated 4,600 shares. 286,643 are held by Adelante Cap Management Lc. Goldman Sachs Grp reported 392,871 shares stake. Dimensional Fund Advsrs Lp reported 940,078 shares. Amica Mutual Insur has 0.07% invested in Essex Property Trust, Inc. (NYSE:ESS) for 3,112 shares. Tiaa Cref Inv Ltd Liability Corporation accumulated 0.05% or 263,915 shares.

Since August 1, 2017, it had 0 insider buys, and 20 sales for $5.27 million activity. Burkart John F. also sold $87,193 worth of Essex Property Trust, Inc. (NYSE:ESS) shares. On Tuesday, October 10 the insider EUDY JOHN D sold $42,815. SCHALL MICHAEL J sold $1.19M worth of stock. Another trade for 84 shares valued at $22,173 was sold by Kleiman Angela L.. The insider SCORDELIS BYRON A sold 6,265 shares worth $1.68M. $261,940 worth of Essex Property Trust, Inc. (NYSE:ESS) was sold by MARTIN GARY P.

Essex Property Trust (NYSE:ESS) Stock Upgrade

SunTrust Robinson Humphrey boosted shares of Essex Property Trust (NYSE:ESS) to a solid “Buy” rating from the previous “Hold”. This change in rating was revealed to clients and investors in a note today.

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.13, from 1.17 in 2017Q2. It increased, as 21 investors sold Essex Property Trust, Inc. shares while 118 reduced holdings. 44 funds opened positions while 137 raised stakes. 62.90 million shares or 2.83% less from 64.73 million shares in 2017Q2 were reported.

9,605 are held by Cibc Mkts Corporation. First Personal Fincl Serv holds 0.01% in Essex Property Trust, Inc. (NYSE:ESS) or 257 shares. Independent Order Of Foresters holds 1.04% of its portfolio in Essex Property Trust, Inc. (NYSE:ESS) for 4,945 shares. Kempen Management Nv, a Netherlands-based fund reported 14,614 shares. Robeco Institutional Asset Bv accumulated 3,102 shares. Morgan Stanley holds 846,255 shares or 0.06% of its portfolio. D E Shaw holds 0% or 1,241 shares. Credit Agricole S A holds 52,300 shares. Greenleaf has invested 0% in Essex Property Trust, Inc. (NYSE:ESS). Investec Asset Management Ltd accumulated 4,600 shares. 286,643 are held by Adelante Cap Management Lc. Goldman Sachs Grp reported 392,871 shares stake. Dimensional Fund Advsrs Lp reported 940,078 shares. Amica Mutual Insur has 0.07% invested in Essex Property Trust, Inc. (NYSE:ESS) for 3,112 shares. Tiaa Cref Inv Ltd Liability Corporation accumulated 0.05% or 263,915 shares.

Since August 1, 2017, it had 0 insider buys, and 20 sales for $5.27 million activity. Burkart John F. also sold $87,193 worth of Essex Property Trust, Inc. (NYSE:ESS) shares. On Tuesday, October 10 the insider EUDY JOHN D sold $42,815. SCHALL MICHAEL J sold $1.19M worth of stock. Another trade for 84 shares valued at $22,173 was sold by Kleiman Angela L.. The insider SCORDELIS BYRON A sold 6,265 shares worth $1.68M. $261,940 worth of Essex Property Trust, Inc. (NYSE:ESS) was sold by MARTIN GARY P.

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

Among 26 analysts covering Essex Property Trust (NYSE:ESS), 13 have Buy rating, 3 Sell and 10 Hold. Therefore 50% are positive. Essex Property Trust has $294.0 highest and $210 lowest target. $262.79’s average target is 15.97% above currents $226.6 stock price. Essex Property Trust had 81 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Essex Property Trust, Inc. (NYSE:ESS) earned “Mkt Perform” rating by JMP Securities on Tuesday, January 24. BMO Capital Markets maintained it with “Hold” rating and $255.0 target in Wednesday, November 1 report. The stock of Essex Property Trust, Inc. (NYSE:ESS) earned “Neutral” rating by Mizuho on Monday, May 2. On Tuesday, November 3 the stock rating was maintained by Canaccord Genuity with “Hold”. The firm has “Buy” rating given on Thursday, July 27 by Cantor Fitzgerald. RBC Capital Markets maintained it with “Buy” rating and $26700 target in Friday, July 14 report. The rating was upgraded by MUFG Securities Americas Inc on Wednesday, January 3 to “Buy”. The firm earned “Buy” rating on Friday, August 11 by RBC Capital Markets. The firm has “Hold” rating given on Friday, January 12 by Sandler O’Neill. The company was downgraded on Wednesday, August 9 by Raymond James.

The stock increased 1.33% or $2.97 during the last trading session, reaching $226.6. About 463,182 shares traded or 27.00% up from the average. Essex Property Trust, Inc. (NYSE:ESS) has risen 15.01% since January 23, 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 $204.86M for 18.88 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.

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 $15.47 billion. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. It has a 28.41 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.

More recent Essex Property Trust, Inc. (NYSE:ESS) news were published by: Nasdaq.com which released: “Essex Property Trust, Inc. (ESS) Ex-Dividend Date Scheduled for December 28, 2017” on December 27, 2017. Also Gurufocus.com published the news titled: “APG Asset Management US Inc. Buys American Campus Communities Inc, Macerich Co …” on January 22, 2018. Nasdaq.com‘s news article titled: “Essex Property Trust Becomes Oversold” with publication date: January 12, 2018 was also an interesting one.

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