Essex Property Trust Inc (ESS): Michael J Schall , President and CEO of Essex Property Trust Inc sold 10,000 shares on Jul 5, 2016. The Insider selling transaction was reported by the company on Jul 7, 2016 to the Securities and Exchange Commission. The shares were sold at $225.03 per share for a total value of $2,222,300.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 1, 2016, David W Brady (director) purchased 722 shares at $223.82 per share price.On Dec 18, 2015, John F. Burkart (Sr. Executive Vice President) sold 3,000 shares at $236.85 per share price.Also, On Dec 16, 2015, Angela L. Kleiman (Executive Vice President & CFO) sold 1,800 shares at $233.25 per share price.On Dec 16, 2015, John D Eudy (Executive Vice President) sold 5,900 shares at $233.71 per share price.
Essex Property Trust Inc: On Tuesday, Jul 6, 2016 heightened volatility was witnessed in Essex Property Trust Inc which led to swings in the share price. The shares opened for trading at $229.11 and hit $232.47 on the upside , eventually ending the session at $231.21, with a gain of 1.12% or 2.56 points. The heightened volatility saw the trading volume jump to 4,53,897 shares. The 52-week high of the share price is $244.71 and the company has a market cap of $15,128 M . The 52-week low of the share price is at $191.25.
Company has been under the radar of several Street Analysts.Essex Property Trust Inc is Downgraded by Jefferies to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 8, 2016.Essex Property Trust Inc is Upgraded by CapitalOne to Overweight. Earlier the firm had a rating of Equal Weight on the company shares. The Rating was issued on May 16, 2016.Essex Property Trust Inc is Upgraded by Raymond James to Outperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on May 5, 2016.Essex Property Trust Inc is Downgraded by Mizuho to Neutral while Lowering the Price Target of the company shares to $ 238 from a previous price target of $249 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 2, 2016.Essex Property Trust Inc is Downgraded by Sandler O’Neill to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 2, 2016.
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.