Zacks Investment Research upgraded shares of Essex Property Trust, Inc. MA increased its position in STARWOOD PROPERTY TRUST, INC.by 22.7% in the first quarter. Moreover, it has a 23-year history of increasing cash dividend.
Other large investors also recently added to or reduced their stakes in the company.
Several research firms have issued reports on STWD. 167 Essex Property Trust Inc (NYSE:ESS) shares with value of $43,921 were sold by ZIMMERMAN CRAIG K. Mizuho raised shares of Essex Property Trust from a neutral rating to a buy rating and raised their target price for the stock from $199.00 to $212.00 in a research report on Monday, May 1st. Barclays PLC upped their price target on Essex Property Trust from $267.00 to $269.00 and gave the company an "overweight" rating in a research report on Tuesday, July 18th. Columbia Property Trust has a consensus rating of "Hold" and a consensus price target of $24.33.
Among 4 analysts covering Earthstone Energy (NYSE:ESTE), 4 have Buy rating, 0 Sell and 0 Hold.
TRADEMARK VIOLATION WARNING: "Somewhat Positive News Coverage Somewhat Unlikely to Impact Columbia Property Trust (NYSE:CXP) Stock Price" was posted by Week Herald and is the property of of Week Herald. Essex Property Trust Inc (NYSE:ESS) has risen 15.01% since August 11, 2016 and is uptrending. About 89,915 shares traded. Essex Property Trust had 52 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has a market cap of $5.75 billion, a PE ratio of 12.66 and a beta of 0.54. The company has a 50 day moving average price of $22.15 and a 200 day moving average price of $22.38.
Columbia Property Trust (NYSE:CXP) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.51 by $0.01. The firm had revenue of $74.86 million during the quarter, compared to analysts' expectations of $79.51 million. During the same period in the previous year, the firm earned $0.68 EPS. During the same period in the prior year, the company posted $0.50 EPS. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and worldwide copyright and trademark legislation. The correct version of this report can be read at https://transcriptdaily.com/2017/08/12/starwood-property-trust-inc-nysestwd-downgraded-by-bidaskclub-to-sell.html. Stockholders of record on Friday, June 30th were paid a dividend of $1.75 per share. The ex-dividend date was set for Thursday the 29th of June 2017. This dividend amount was represent a yeild of $3.73. Renaissance Technologies LLC boosted its stake in STARWOOD PROPERTY TRUST, INC.by 32.6% in the second quarter.
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. With 307,800 shares average volume, it will take short sellers 8 days to cover their ESS's short positions. (NYSE:ESS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The corporation has a average recommendation of "Hold" and a consensus price objective of $24.33. Livforsakringsbolaget Skandia Omsesidigt owns 4,900 shares. The disclosure for this sale can be found here. The fund owned 72,259 shares of the real estate investment trust's stock after buying an additional 90 shares during the period. Corporate insiders own 2.40% of the company's stock. Vanguard Group Inc. increased its position in STARWOOD PROPERTY TRUST, INC.by 8.4% in the first quarter. In the latest earnings report the EPS was $2.34 and is expected to be $1.24 for the current year with 147,317,000 shares now outstanding. CENTRAL TRUST Co boosted its position in Starwood Property Trust by 31.9% in the first quarter. The value of the company's investment in Columbia Property Trust, Inc. decreased from $1,254,000 to $1,193,000 a change of 4.9% since the last quarter. MML Investors Services LLC boosted its stake in STARWOOD PROPERTY TRUST, INC.by 11.3% in the second quarter. CENTRAL TRUST Co now owns 9,693 shares of the real estate investment trust's stock worth $219,000 after buying an additional 2,345 shares during the last quarter. The value in dollars went from $9,772,000 to $10,492,000 increasing 7.4% since the last quarter.
First Quadrant LP decreased Unitedhealth Group Inc (NYSE:UNH) stake by 14,997 shares to 102,998 valued at $16.48 million in 2016Q4. National Pension Service now owns 58,109 shares of the real estate investment trust's stock worth $13,514,000 after buying an additional 3,888 shares during the period.
Cwm Llc increased its stake in Essex Ppty Tr Inc (ESS) by 1021.24% based on its latest 2016Q4 regulatory filing with the SEC. Additionally, the Company owns certain assets in the United Kingdom.