Liberty Property Trust (LPT) Receives Daily Coverage Optimism Rating of 0.22

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ESS. Gemmer Asset Management LLC raised its position in Essex Property Trust by 0.7% in the first quarter. Prudential Financial Inc. now owns 1,344,846 shares of the real estate investment trust's stock worth $29,923,000 after buying an additional 1,177,771 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Essex Property Trust by 2.9% in the second quarter. Veritable L.P. now owns 1,871 shares of the real estate investment trust's stock worth $481,000 after buying an additional 196 shares during the period. Virtu KCG Holdings LLC increased its stake in Essex Property Trust by 73.0% in the second quarter. This repurchase authorization permits the real estate investment trust to buy up to 7.7% of its shares through open market purchases. Finally, Brookfield Asset Management Inc. raised its stake in Essex Property Trust by 24.1% in the first quarter. Gulf International Bank UK Ltd now owns 20,350 shares of the real estate investment trust's stock worth $4,711,000 after buying an additional 300 shares during the period. Following the completion of the transaction, the director now directly owns 6,236 shares of the company's stock, valued at approximately $1,633,457.84.

Shares of Essex Property Trust, Inc. Pggm Invests has invested 1.03% in Essex Property Trust Inc (NYSE:ESS). The company had a trading volume of 216,120 shares. Liberty Property Trust has a 52 week low of $36.22 and a 52 week high of $42.80.

The P/E ratio is 18.54 and market capitalization is 2.56B. The stock has a 50 day moving average of $260.52 and a 200-day moving average of $245.65.

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Essex Property Trust (NYSE:ESS) last announced its earnings results on Thursday, July 27th. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. During the same period in the previous year, the firm earned $2.74 earnings per share. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by $0.01.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. $18.44 million worth of CVS Health Corp (NYSE:CVS) shares were sold by Denton David M. Brennan Troyen A had sold 23,849 shares worth $1.88M on Tuesday, March 21. This dividend amount was represent a yeild of $3.73. Nasdaq.com's article titled: "Essex Property (ESS) Q2 FFO & Revenues Top, Outlook Raised" and published on July 28, 2017 is yet another important article. Essex Property Trust's dividend payout ratio is now 89.97%. Essex Property Trust Inc (NYSE:ESS) has risen 15.01% since August 10, 2016 and is uptrending. (NYSE:ESS) Position Held by American National Insurance Co.

TRADEMARK VIOLATION NOTICE: This piece was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally stolen and reposted in violation of USA & worldwide trademark and copyright legislation. Jefferies maintained the shares of ESS in report on Monday, July 17 with "Hold" rating.

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Among 21 analysts covering Essex Property Trust (NYSE:ESS), 6 have Buy rating, 2 Sell and 13 Hold. Mizuho raised Essex Property Trust from a "neutral" rating to a "buy" rating and upped their price target for the company from $199.00 to $212.00 in a report on Monday, May 1st. The original version of this report can be read at https://stocknewstimes.com/2017/08/12/essex-property-trust-inc-nyseess-shares-sold-by-hartford-investment-management-co-updated.html. Finally, Evercore ISI downgraded shares of Essex Property Trust from an "in-line" rating to an "underperform" rating and set a $261.00 price target for the company.in a research report on Monday, June 12th.

Shares of Essex Property Trust, Inc. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. Liberty Property Trust presently has an average rating of "Hold" and an average price target of $42.33.

In related news, Director Irving F. Lyons III sold 1,024 shares of Essex Property Trust stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $263.97, for a total transaction of $44,082.99. Altavista Wealth Management Inc sold 1.68M shares as Unilever Plc Adr (UL)'s stock rose 11.00%. The company has a consensus rating of "Hold" and a consensus target price of $24.33. The institutional investor held 3,289 shares of the power generation company at the end of 2016Q4, valued at $200,000, down from 15,976 at the end of the previous reported quarter. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,690 shares of company stock worth $1,717,142. SunTrust Banks also issued estimates for Essex Property Trust's Q1 2018 earnings at $3.07 EPS, Q2 2018 earnings at $3.12 EPS, Q3 2018 earnings at $3.13 EPS, Q4 2018 earnings at $3.17 EPS, FY2019 earnings at $13.14 EPS, FY2020 earnings at $13.83 EPS and FY2021 earnings at $14.52 EPS. The Company's primary objective is to generate long-term shareholder returns from a combination of steadily growing cash flows and appreciation in its net asset values, through the acquisition and ownership of office buildings located principally in high-barrier-to-entry markets.

European Stocks Decline as North Korea - US Tensions Escalate
The pan-European benchmark on Wednesday fell 0 .7% in a selloff prompted by tensions between the us and North Korea escalated. On the London stock market, mining shares saw the biggest falls as many metal prices were hit by the geopolitical concerns.

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