Essex Property Trust Inc (ESS) : Gemmer Asset Management scooped up 25 additional shares in Essex Property Trust Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 4,115 shares of Essex Property Trust Inc which is valued at $925,340.Essex Property Trust Inc makes up approximately 0.53% of Gemmer Asset Management’s portfolio.
Essex Property Trust Inc closed down -0.51 points or -0.23% at $222.3 with 4,31,199 shares getting traded on Wednesday. Post opening the session at $222.02, the shares hit an intraday low of $221.22 and an intraday high of $225.76 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Crestpoint Capital Management added ESS to its portfolio by purchasing 2,800 company shares during the most recent quarter which is valued at $629,636. Essex Property Trust Inc makes up approx 0.34% of Crestpoint Capital Management’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in ESS in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 6,852 shares of Essex Property Trust Inc which is valued at $1,540,809. Essex Property Trust Inc makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio.Capstone Asset Management Co boosted its stake in ESS in the latest quarter, The investment management firm added 442 additional shares and now holds a total of 5,259 shares of Essex Property Trust Inc which is valued at $1,182,591. Essex Property Trust Inc makes up approx 0.03% of Capstone Asset Management Co’s portfolio. Vigilant Capital Management sold out all of its stake in ESS during the most recent quarter. The investment firm sold 50 shares of ESS which is valued $11,357.Chevy Chase Trust Holdings boosted its stake in ESS in the latest quarter, The investment management firm added 762 additional shares and now holds a total of 55,312 shares of Essex Property Trust Inc which is valued at $12,563,568. Essex Property Trust Inc makes up approx 0.07% of Chevy Chase Trust Holdings’s portfolio.
On the company’s financial health, Essex Property Trust Inc reported $2.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $2.55.Analysts expectations of $ 307.48.During the same quarter in the previous year, the company posted $2.24 EPS.
Many Wall Street Analysts have commented on Essex Property Trust Inc. Sun Trust Rbsn Humphrey Upgraded Essex Property Trust Inc on Mar 4, 2016 to ” Buy”, Price Target of the shares are set at $257.Shares were Reiterated by Canaccord Genuity on Feb 9, 2016 to “Hold” and Lowered the Price Target to $ 214 from a previous price target of $244 .Shares were Reiterated by RBC Capital Mkts on Feb 9, 2016 to “Outperform” and Lowered the Price Target to $ 253 from a previous price target of $258 .
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.