Pensionfund Dsm Netherlands buys $2 Million stake in Essex Property Trust Inc (ESS)

Essex Property Trust Inc (ESS) : Pensionfund Dsm Netherlands scooped up 3,800 additional shares in Essex Property Trust Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 8,800 shares of Essex Property Trust Inc which is valued at $2 Million.Essex Property Trust Inc makes up approximately 0.27% of Pensionfund Dsm Netherlands’s portfolio.

Other Hedge Funds, Including , Pensionfund Sabic boosted its stake in ESS in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 3,000 shares of Essex Property Trust Inc which is valued at $681,420. Essex Property Trust Inc makes up approx 0.21% of Pensionfund Sabic’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 closed down -4.29 points or -1.85% at $227.14 with 3,81,786 shares getting traded on Monday. Post opening the session at $231.73, the shares hit an intraday low of $227.12 and an intraday high of $231.73 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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