What Will The Effects of a SunTrust Robinson Humphrey Upgrade Be For Essex Property Trust (NYSE:ESS) Shares?

January 23, 2018 - By Dolores Ford

  What Will The Effects of a SunTrust Robinson Humphrey Upgrade Be For Essex Property Trust (NYSE:ESS) Shares?

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.13, from 1.17 in 2017Q2. It improved, 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.

Texas-based Chilton Cap Management Limited Liability has invested 2.22% in Essex Property Trust, Inc. (NYSE:ESS). Covington Capital Mngmt stated it has 924 shares or 0.02% of all its holdings. Boston Partners holds 363,526 shares. Millennium Management Ltd Limited Liability Company reported 209,962 shares stake. State Of Tennessee Treasury Department owns 48,608 shares. Alliancebernstein Limited Partnership, a New York-based fund reported 285,079 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 18,449 shares. 149 are held by Ftb Advsr. Blackrock holds 0.09% or 6.72M shares in its portfolio. Utd Capital Advisers Llc holds 0.05% or 23,030 shares in its portfolio. Raymond James & Assoc stated it has 0.01% in Essex Property Trust, Inc. (NYSE:ESS). Livforsakringsbolaget Skandia Omsesidigt holds 0.03% or 1,200 shares in its portfolio. Lenox Wealth Management Inc owns 1,912 shares for 0.17% of their portfolio. California-based Adelante Capital Llc has invested 4.01% in Essex Property Trust, Inc. (NYSE:ESS). 902 were reported by Lombard Odier Asset Mngmt (Europe) Ltd.

Since August 1, 2017, it had 0 insider buys, and 20 selling transactions for $5.27 million activity. Burkart John F. had sold 333 shares worth $87,193. Kleiman Angela L. sold $22,163 worth of Essex Property Trust, Inc. (NYSE:ESS) on Monday, September 11. EUDY JOHN D sold $420,308 worth of stock. 1,001 shares were sold by ZIMMERMAN CRAIG K, worth $247,487. SCORDELIS BYRON A also sold $1.68 million worth of Essex Property Trust, Inc. (NYSE:ESS) on Thursday, August 24. Shares for $261,940 were sold by MARTIN GARY P.

Essex Property Trust (NYSE:ESS) Stock Upgrade

In analysts note revealed to clients on Monday morning, stock analysts at the SunTrust Robinson Humphrey equities research division upgraded shares of Essex Property Trust (NYSE:ESS) stock from a Hold to a respectable Buy rating.

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.13, from 1.17 in 2017Q2. It improved, 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.

Texas-based Chilton Cap Management Limited Liability has invested 2.22% in Essex Property Trust, Inc. (NYSE:ESS). Covington Capital Mngmt stated it has 924 shares or 0.02% of all its holdings. Boston Partners holds 363,526 shares. Millennium Management Ltd Limited Liability Company reported 209,962 shares stake. State Of Tennessee Treasury Department owns 48,608 shares. Alliancebernstein Limited Partnership, a New York-based fund reported 285,079 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 18,449 shares. 149 are held by Ftb Advsr. Blackrock holds 0.09% or 6.72M shares in its portfolio. Utd Capital Advisers Llc holds 0.05% or 23,030 shares in its portfolio. Raymond James & Assoc stated it has 0.01% in Essex Property Trust, Inc. (NYSE:ESS). Livforsakringsbolaget Skandia Omsesidigt holds 0.03% or 1,200 shares in its portfolio. Lenox Wealth Management Inc owns 1,912 shares for 0.17% of their portfolio. California-based Adelante Capital Llc has invested 4.01% in Essex Property Trust, Inc. (NYSE:ESS). 902 were reported by Lombard Odier Asset Mngmt (Europe) Ltd.

Since August 1, 2017, it had 0 insider buys, and 20 selling transactions for $5.27 million activity. Burkart John F. had sold 333 shares worth $87,193. Kleiman Angela L. sold $22,163 worth of Essex Property Trust, Inc. (NYSE:ESS) on Monday, September 11. EUDY JOHN D sold $420,308 worth of stock. 1,001 shares were sold by ZIMMERMAN CRAIG K, worth $247,487. SCORDELIS BYRON A also sold $1.68 million worth of Essex Property Trust, Inc. (NYSE:ESS) on Thursday, August 24. Shares for $261,940 were 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 company was maintained on Monday, July 31 by Canaccord Genuity. Jefferies maintained the shares of ESS in report on Friday, September 8 with “Hold” rating. On Wednesday, December 13 the stock rating was upgraded by BTIG Research to “Buy”. The rating was maintained by Jefferies on Monday, July 3 with “Hold”. RBC Capital Markets maintained it with “Buy” rating and $248 target in Thursday, March 30 report. The stock of Essex Property Trust, Inc. (NYSE:ESS) earned “Buy” rating by Cantor Fitzgerald on Friday, September 18. The stock has “Neutral” rating by BTIG Research on Friday, June 30. As per Tuesday, January 24, the company rating was downgraded by JMP Securities. SunTrust downgraded the stock to “Hold” rating in Thursday, May 18 report. The stock has “Buy” rating by RBC Capital Markets on Friday, July 14.

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 EPS, up 6.76 % or $0.19 from last year’s $2.81 per share. ESS’s profit will be $204.86 million for 18.88 P/E if the $3.00 EPS becomes a reality. After $2.98 actual EPS 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: Gurufocus.com which released: “APG Asset Management US Inc. Buys American Campus Communities Inc, Macerich Co …” on January 22, 2018. Also Nasdaq.com published the news titled: “Essex Property Trust, Inc. (ESS) Ex-Dividend Date Scheduled for December 28, 2017” on December 27, 2017. 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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