Essex Property Trust Inc(NYSE:ESS) Declares Dividend of $1.6000.

Essex Property Trust Inc (NYSE:ESS) had declared a cash dividend of $1.6000 on Sep 21, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 21, 2016 share price, the yield comes out to be 2.8314%. The dividend payable date has been fixed on Oct 14, 2016.

In a different note, BTIG Research said it Initiates Coverage on Essex Property Trust Inc, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Buy’ by the firm. On Aug 10, 2016, Jefferies said it Maintains its rating on Essex Property Trust Inc. In the research note, the firm Raises the price-target to $209.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 19, 2016, Barclays said it Maintains its rating on Essex Property Trust Inc. In the research note, the firm Raises the price-target to $242.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 15, 2016, Evercore Partners said it Downgrades its rating on Essex Property Trust Inc. The shares have been rated ‘Hold’ by the firm.

Essex Property Trust Inc (ESS) made into the market gainers list on Tuesdays trading session with the shares advancing 0.45% or 1.01 points. Due to strong positive momentum, the stock ended at $226.04, which is also near the day’s high of $229.79. The stock began the session at $226.78 and the volume stood at 2,51,463 shares. The 52-week high of the shares is $244.71 and the 52 week low is $191.25. The company has a current market capitalization of $14,804 M and it has 6,54,94,848 shares in outstanding.

Essex Property Trust Inc(ESS) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $321.59M. Analysts had an estimated revenue of $318.96M. Earnings per share were $2.74. Analysts had estimated an EPS of $2.70.

Several Insider Transactions has been reported to the SEC. On Sep 6, 2016, John D Eudy (Executive Vice President) sold 2,500 shares at $226.41 per share price.Also, On Aug 11, 2016, Keith R Guericke (director) sold 5,000 shares at $233.49 per share price.On Jul 7, 2016, Michael J Schall (President and CEO) sold 10,000 shares at $225.03 per share price, according to the Form-4 filing with the securities and exchange commission.

Essex Property Trust Inc. (Essex) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged primarily in the ownership operation management acquisition development and redevelopment of apartment communities. As of December 31 2014 the Company owned or held an interest in 239 communities aggregating 57455 units located along the West Coast as well as four commercial buildings (totaling approximately 325200 square feet) and 12 active development projects with 2920 units in various stages of development. The Company’s apartment communities are located in Southern California which include Los Angeles Orange Riverside San Diego Santa Barbara and Ventura counties; Northern California which include the San Francisco Bay Area and Seattle Metro which include Seattle metropolitan area.

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