Essex Property Trust (ESS) Stock Rating Upgraded by Mitsubishi UFJ Financial Group

Jeannie Matthews
January 14, 2018

Waterfront Capital Partners Llc sold 38,490 shares as the company's stock rose 11.60% with the market. The Hilltop Holdings Inc holds 36,357 shares with $3.23M value, up from 32,866 last quarter. 435,730 shares of the stock traded hands, compared to its average volume of 388,197. The stock of Essex Property Trust, Inc. (NYSE:ESS) has risen 15.01% since January 13, 2017 and is uptrending. It has underperformed by 1.69% the S&P500. Marcato Capital Management Lp bought 15,500 shares as the company's stock declined 1.12% while stock markets rallied. Northern Trust Corp now owns 1,094,493 shares of the real estate investment trust's stock worth $281,580,000 after buying an additional 37,953 shares during the last quarter.

The stock decreased 2.30% or $5.34 during the last trading session, reaching $227.1. About 316,972 shares traded or 39.25% up from the average. (NYSE:EDU) has risen 76.69% since January 13, 2017 and is uptrending. It has outperformed by 29.32% the S&P500.

Investors of record on Friday, December 29th will be given a dividend of $1.75 per share. Its up 0.01, from 1.03 in 2017Q2. It is positive, as 21 investors sold Essex Property Trust, Inc. shares while 118 reduced holdings.

Several hedge funds have recently added to or reduced their stakes in the company. Ls Inv Advsrs Limited Liability has 0.09% invested in Essex Property Trust, Inc. Eidelman Virant holds 16,315 shares or 1.49% of its portfolio. Adelante Capital Management Llc who had been investing in Essex Property Trust Inc. for a number of months, seems to be bullish on the $15.86B market cap company. Following the transaction, the chief financial officer now directly owns 7,777 shares in the company, valued at $1,922,163.32. Ontario Teachers Pension Plan Board reported 35,290 shares. Raymond James Financial Services Advisors Inc. grew its position in shares of Essex Property Trust by 1.0% during the second quarter. It also reduced Merck & Co Inc (NYSE:MRK) stake by 8,359 shares and now owns 21,247 shares.

Rwc Asset Management Llp, which manages about $8.81 billion and $1.65 billion US Long portfolio, decreased its stake in Southwest Airls Co (NYSE:LUV) by 112,000 shares to 88,000 shares, valued at $4.93 million in 2017Q3, according to the filing. Parkside Fin Bank & Trust And Tru holds 0% in Essex Property Trust, Inc. The shares were sold at an average price of $255.50, for a total transaction of $85,337.00.

Jacobs Levy Equity Management Inc increased Essex Ppty Tr Inc (ESS) stake by 11.52% reported in 2017Q3 SEC filing. (NYSE:ESS). Chevy Chase Hldgs Inc, a Maryland-based fund reported 57,554 shares. M&T Bankshares invested in 5,543 shares. $247,487 worth of Essex Property Trust, Inc. It also reduced its holding in Home Depot Inc (NYSE:HD) by 11,000 shares in the quarter, leaving it with 77,000 shares, and cut its stake in Nuvasive Inc (Prn).

Acquires Shares of 7601 Celgene Co. (CELG)
Swedbank increased its stake in Celgene Corp ( CELG ) by 1.06% based on its latest 2017Q3 regulatory filing with the SEC. The stock of Celgene Corporation (NASDAQ:CELG) has "Buy" rating given on Friday, November 6 by Canaccord Genuity.

Motco Purchases 1580 Shares of Costco Wholesale Co. (COST)
Costco Wholesale accounts for about 2.4% of Hilton Capital Management LLC's portfolio, making the stock its 21st biggest position. West Oak Capital Limited Liability Co stated it has 9,559 shares. 4,434 were accumulated by George Kaiser Family Foundation.

Chipotle Mexican Grill, Inc. (CMG)
The restaurant operator reported $1.33 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.91). The company has a market cap of $9,040.00, a PE ratio of 62.06, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50.

1492 Capital Management Llc increased its stake in Ultimate Software Group Inc (ULTI) by 93.33% based on its latest 2017Q3 regulatory filing with the SEC. Robert W. Baird reiterated a "buy" rating and issued a $273.00 price target on shares of Essex Property Trust in a research report on Tuesday, September 12th. The stock of Pattern Energy Group Inc. (NYSE:LOW) to report earnings on March, 7. They expect $3.00 EPS, up 6.76% or $0.19 from last year's $2.81 per share. ESS's profit would be $204.87 million giving it 19.35 P/E if the $3.00 EPS is correct. After $2.98 actual EPS reported by Essex Property Trust, Inc. for the previous quarter, Wall Street now forecasts 0.67% EPS growth. Cantor Fitzgerald reiterated a "buy" rating and issued a $252.00 price objective on shares of Essex Property Trust in a research report on Friday, October 28th. Therefore 50% are positive. Abbvie Inc had 70 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by BTIG Research on Wednesday, December 13 to "Buy". (NYSE:ESS) earned "Buy" rating by Mizuho on Monday, February 8. (NASDAQ:PEGI) earned "Sector Perform" rating by National Bank Canada on Monday, October 26. The firm now has a "hold" rating on the real estate investment trust's stock. The firm earned "Hold" rating on Wednesday, August 10 by Jefferies. The firm has "Buy" rating given on Thursday, November 9 by RBC Capital Markets. (NYSE:LOW) has "Overweight" rating given on Tuesday, November 24 by Atlantic Securities.

Since August 1, 2017, it had 0 insider purchases, and 20 insider sales for $5.27 million activity. (NYSE:ESS) shares. Another trade for 83 shares valued at $21,407 was made by Kleiman Angela L. on Tuesday, October 10. (NYSE:ESS) is a huge mover today! (NYSE:ESS) on Tuesday, October 10.

In related news, CEO Michael J. Schall sold 334 shares of the business's stock in a transaction that occurred on Friday, November 10th.

Analysts await Apple Inc. (NYSE:ESS) shares with value of $261,940 were sold by MARTIN GARY P. SCORDELIS BYRON A sold $1.68M worth of stock or 6,265 shares.

Investors sentiment decreased to 1.04 in Q3 2017. Its up 0.13, from 1.17 in 2017Q2. Tiedemann Wealth Lc has 110,341 shares. (NYSE:AIR). Nationwide Fund Advisors reported 24,161 shares. (NASDAQ:AAPL). Alesco Lc holds 0.06% of its portfolio in Apple Inc. The stock has a market capitalization of $15,349.65, a price-to-earnings ratio of 19.87, a PEG ratio of 3.00 and a beta of 0.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.83 and a current ratio of 0.83. (NYSE:AIR). Paloma Management accumulated 9,923 shares. (NYSE:ABBV). Sather Financial has invested 0.15% of its portfolio in AbbVie Inc. (NYSE:ABBV). Brown Cap Mgmt Ltd has 6,348 shares. First Dallas Securities Inc owns 2,976 shares. Leavell Management invested 0.31% in Lowe's Companies, Inc. (NYSE:ABBV). Schulhoff & Co has invested 1.26% in AbbVie Inc. 20,756 were reported by Metropolitan Life Insur. Stephens Ar, Arkansas-based fund reported 913 shares.

Among 33 analysts covering Lowe's Companies Inc. (NYSE:AIR), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 73% are positive. The firm has "Buy" rating by KeyBanc Capital Markets given on Thursday, July 27. The stock of AAR Corp. (NYSE:ESS) earned "Overweight" rating by Capital One on Monday, May 16. SunTrust maintained AAR Corp. (NASDAQ:PEGI) rating on Friday, September 8. The stock has "Hold" rating by Canaccord Genuity on Monday, July 31. (NASDAQ:PEGI) rating on Tuesday, December 12. The rating was maintained by Noble Financial with "Buy" on Thursday, August 10. As per Tuesday, August 22, the company rating was maintained by RBC Capital Markets.

Other reports by

Discuss This Article