Blackhawk Capital Partners LLC. Has $1.20 Million Position in Essex Property Trust, Inc. (NYSE:ESS)

Blackhawk Capital Partners LLC. decreased its holdings in Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 30.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,918 shares of the real estate investment trust's stock after selling 1,739 shares during the quarter. Blackhawk Capital Partners LLC.'s holdings in Essex Property Trust were worth $1,201,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. DoubleLine ETF Adviser LP grew its position in Essex Property Trust by 0.8% during the 4th quarter. DoubleLine ETF Adviser LP now owns 4,624 shares of the real estate investment trust's stock worth $1,320,000 after purchasing an additional 38 shares in the last quarter. Gen Wealth Partners Inc grew its position in Essex Property Trust by 2.4% during the 4th quarter. Gen Wealth Partners Inc now owns 1,952 shares of the real estate investment trust's stock worth $557,000 after purchasing an additional 45 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Essex Property Trust by 6.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 778 shares of the real estate investment trust's stock worth $239,000 after purchasing an additional 46 shares in the last quarter. US Bancorp DE grew its position in Essex Property Trust by 1.2% during the 4th quarter. US Bancorp DE now owns 4,126 shares of the real estate investment trust's stock worth $1,178,000 after purchasing an additional 49 shares in the last quarter. Finally, GF Fund Management CO. LTD. grew its position in Essex Property Trust by 4.3% during the 1st quarter. GF Fund Management CO. LTD. now owns 1,217 shares of the real estate investment trust's stock worth $373,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Essex Property Trust Stock Down 0.1%

Shares of ESS stock traded down $0.22 on Friday, hitting $286.54. The company's stock had a trading volume of 528,926 shares, compared to its average volume of 425,855. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.04 and a quick ratio of 1.04. Essex Property Trust, Inc. has a fifty-two week low of $243.85 and a fifty-two week high of $317.73. The firm's fifty day moving average price is $283.22 and its 200-day moving average price is $285.71. The stock has a market capitalization of $18.45 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 5.98 and a beta of 0.78.

Essex Property Trust (NYSE:ESS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $3.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.92 by $0.05. Essex Property Trust had a return on equity of 11.81% and a net margin of 37.08%. The company had revenue of $464.58 million for the quarter, compared to the consensus estimate of $458.03 million. During the same period last year, the business posted $3.83 earnings per share. Research analysts anticipate that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $2.57 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $10.28 annualized dividend and a dividend yield of 3.59%. Essex Property Trust's dividend payout ratio is presently 98.37%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ESS. Royal Bank Of Canada lowered their price objective on shares of Essex Property Trust from $311.00 to $309.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Mizuho lowered their price target on shares of Essex Property Trust from $314.00 to $293.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Scotiabank restated an "outperform" rating on shares of Essex Property Trust in a report on Friday, June 13th. Wall Street Zen cut shares of Essex Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Finally, BMO Capital Markets boosted their price target on shares of Essex Property Trust from $315.00 to $317.00 and gave the company an "outperform" rating in a report on Wednesday, May 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $310.28.

Essex Property Trust Company Profile

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.