Out of 25 analysts covering Essex Property Trust (NYSE:ESS), 13 rate it “Buy”, 0 “Sell”, while 17 “Hold”. This means 43% are positive. Essex Property Trust was the topic in 23 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Below is a list of Essex Property Trust Inc (NYSE:ESS) latest ratings and price target changes.
19/02/2016 Broker: Barclays Capital Rating: Equal Weight Old Target: $233.00 New Target: $239.00 Target Up
09/02/2016 Broker: Canaccord Genuity Rating: Hold Old Target: $244.00 New Target: $214.00 Maintain
09/02/2016 Broker: RBC Capital Markets Rating: Outperform Old Target: $258.00 New Target: $253.00 Maintain
08/02/2016 Broker: Mizuho Old Rating: Neutral New Rating: Buy New Target: $234.00 Upgrade
27/01/2016 Broker: Zelman Old Rating: Hold New Rating: Sell Downgrade
26/01/2016 Broker: Barclays Capital Rating: Old Target: $247.00 New Target: $233.00 Target Down
12/01/2016 Broker: Cowen & Co Old Rating: Outperform New Rating: Market Perform Downgrade
10/11/2015 Broker: BB&T Capital Rating: Buy New Target: $259.50 Initiate
03/11/2015 Broker: Canaccord Genuity Rating: Hold Old Target: $237.00 New Target: $244.00 Maintain
02/11/2015 Broker: Evercore Rating: Buy Old Target: $241.00 New Target: $247.00 Target Up
About 496,501 shares traded hands or 14.14% up from the average. Essex Property Trust Inc (NYSE:ESS) has risen 5.08% since August 28, 2015 and is uptrending. It has outperformed by 2.24% the S&P500.
Essex Property Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT). The company has a market cap of $15.08 billion. The Firm is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of apartment communities. It has 66.68 P/E ratio. As of December 31, 2014, the Company owned or held an interest in 239 communities, aggregating 57,455 units, located along the West Coast, as well as four commercial buildings (totaling approximately 325,200 square feet), and 12 active development projects with 2,920 units in various stages of development.
The institutional sentiment decreased to 1.05 in 2015 Q3. Its down 0.16, from 1.21 in 2015Q2. The ratio turned negative, as 42 funds sold all Essex Property Trust Inc shares owned while 136 reduced positions. 43 funds bought stakes while 144 increased positions. They now own 74.88 million shares or 18.00% more from 63.46 million shares in 2015Q2.
Presima Inc. holds 6.74% of its portfolio in Essex Property Trust Inc for 165,600 shares. Cornerstone Real Estate Advisers Llc owns 54,765 shares or 6.7% of their US portfolio. Moreover, Eii Capital Management Inc. has 5.66% invested in the company for 155,925 shares. The California-based Adelante Capital Management Llc has invested 4.85% in the stock. Harrison Street Securities Llc, a Illinois-based fund reported 6,384 shares.
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