Essex Property Trust Inc (ESS) : Millie Capital Management added new position in Essex Property Trust Inc during the most recent quarter end. The investment management firm now holds 4,948 shares of Essex Property Trust Inc which is valued at $1,123,147 , the company said in a statement filed on Jul 20, 2016 with the SEC.Essex Property Trust Inc makes up approximately 1.16% of Millie Capital Management’s portfolio.
Other Hedge Funds, Including , Hartford Investment Management Co reduced its stake in ESS by selling 293 shares or 1.85% in the most recent quarter. The Hedge Fund company now holds 15,585 shares of ESS which is valued at $3,537,639. Essex Property Trust Inc makes up approx 0.07% of Hartford Investment Management Co’s portfolio.Eagle Asset Management Inc reduced its stake in ESS by selling 5,536 shares or 32.78% in the most recent quarter. The Hedge Fund company now holds 11,350 shares of ESS which is valued at $2,569,073. Essex Property Trust Inc makes up approx 0.02% of Eagle Asset Management Inc’s portfolio.Nisa Investment Advisors reduced its stake in ESS by selling 3,500 shares or 19.9% in the most recent quarter. The Hedge Fund company now holds 14,085 shares of ESS which is valued at $3,177,999. Essex Property Trust Inc makes up approx 0.04% of Nisa Investment Advisors’s portfolio.Fisher Asset Management reduced its stake in ESS by selling 2,213 shares or 6.28% in the most recent quarter. The Hedge Fund company now holds 33,027 shares of ESS which is valued at $7,736,905. Essex Property Trust Inc makes up approx 0.01% of Fisher Asset Management’s portfolio.
Essex Property Trust Inc closed down -0.24 points or -0.11% at $226.35 with 2,57,990 shares getting traded on Wednesday. Post opening the session at $226.7, the shares hit an intraday low of $224.31 and an intraday high of $226.7 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Essex Property Trust Inc reported $2.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $2.64.Analysts expectations of $ 311.03.During the same quarter in the previous year, the company posted $2.29 EPS.
Many Wall Street Analysts have commented on Essex Property Trust Inc. Essex Property Trust Inc was Downgraded by Jefferies to ” Hold” on Jun 8, 2016. Essex Property Trust Inc was Upgraded by CapitalOne to ” Overweight” on May 16, 2016. Essex Property Trust Inc was Upgraded by Raymond James to ” Outperform” on May 5, 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.