Essex Property Trust Inc (NYSE:ESS) Could Burn Your Long Portfolio After More Shorts

Essex Property Trust, Inc. (NYSE:ESS) Logo

Investors sentiment increased to 1.15 in Q4 2018. Its up 0.30, from 0.85 in 2018Q3. It is positive, as 29 investors sold Essex Property Trust, Inc. shares while 126 reduced holdings. 53 funds opened positions while 126 raised stakes. 63.35 million shares or 2.55% more from 61.77 million shares in 2018Q3 were reported.
Employees Retirement Sys Of Texas accumulated 4,000 shares. Whittier Tru owns 3,796 shares or 0.03% of their US portfolio. Bnp Paribas Asset Mngmt Holdings Sa reported 18,777 shares. Cornerstone Advsr, Washington-based fund reported 83 shares. Norinchukin Financial Bank The has invested 0.04% in Essex Property Trust, Inc. (NYSE:ESS). Van Hulzen Asset has invested 0.11% of its portfolio in Essex Property Trust, Inc. (NYSE:ESS). Westpac Banking reported 103,730 shares. Chevy Chase Tru Hldgs invested in 0.07% or 54,355 shares. Earnest Partners Limited Company stated it has 0% in Essex Property Trust, Inc. (NYSE:ESS). Sumitomo Mitsui Tru has 309,483 shares for 0.08% of their portfolio. Ironwood Fincl Ltd Liability stated it has 103 shares or 0.01% of all its holdings. Ameritas Invest Ptnrs has 7,941 shares for 0.11% of their portfolio. 1,608 are held by Veritable L P. Nomura Asset Mgmt reported 0.16% in Essex Property Trust, Inc. (NYSE:ESS). Cadence Capital Mgmt Ltd Liability Company has 1,541 shares for 0.04% of their portfolio.

Since December 10, 2018, it had 0 insider purchases, and 9 sales for $4.11 million activity. SCHALL MICHAEL J also sold $87,354 worth of Essex Property Trust, Inc. (NYSE:ESS) on Monday, December 10. Kleiman Angela L. also sold $264,650 worth of Essex Property Trust, Inc. (NYSE:ESS) on Tuesday, December 11. SCORDELIS BYRON A had sold 2,324 shares worth $644,771 on Friday, February 8. 3,750 shares were sold by EUDY JOHN D, worth $1.04 million.

The stock of Essex Property Trust Inc (NYSE:ESS) registered an increase of 6.4% in short interest. ESS’s total short interest was 982,100 shares in May as published by FINRA. Its up 6.4% from 923,000 shares, reported previously. With 282,600 shares average volume, it will take short sellers 4 days to cover their ESS’s short positions. The short interest to Essex Property Trust Inc’s float is 1.52%.

The stock increased 0.03% or $0.08 during the last trading session, reaching $286.02. About 322,031 shares traded or 17.07% up from the average. Essex Property Trust, Inc. (NYSE:ESS) has risen 25.92% since May 17, 2018 and is uptrending. It has outperformed by 21.55% the S&P500.

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 $19.45 billion. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. It has a 45.19 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.

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

Among 7 analysts covering Essex Property Trust (NYSE:ESS), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Essex Property Trust had 11 analyst reports since November 30, 2018 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, December 11 by Wells Fargo. KeyBanc Capital Markets maintained the shares of ESS in report on Tuesday, March 19 with “Overweight” rating. The rating was upgraded by Janney Capital on Thursday, December 20 to “Buy”. The stock has “Overweight” rating by Morgan Stanley on Monday, December 17. The stock has “Hold” rating by BMO Capital Markets on Monday, March 25. As per Thursday, February 7, the company rating was downgraded by Jefferies. Jefferies upgraded the stock to “Buy” rating in Friday, November 30 report. The stock has “Buy” rating by Barclays Capital on Thursday, March 14.

More notable recent Essex Property Trust, Inc. (NYSE:ESS) news were published by: Seekingalpha.com which released: “Essex Property Trust Inc. (ESS) CEO Michael Schall on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” on January 31, 2019, also Seekingalpha.com with their article: “Is Essex Property Trust Worth Its Premium Valuation? – Seeking Alpha” published on September 28, 2018, Seekingalpha.com published: “Essex Property Trust declares $1.95 dividend – Seeking Alpha” on February 21, 2019. More interesting news about Essex Property Trust, Inc. (NYSE:ESS) were released by: Seekingalpha.com and their article: “What A SWAN Looks Like: Essex Property Trust – Seeking Alpha” published on December 27, 2018 as well as Businesswire.com‘s news article titled: “Essex Announces First Quarter 2019 Results – Business Wire” with publication date: April 24, 2019.

Essex Property Trust, Inc. (NYSE:ESS) Institutional Positions Chart

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