Essex Property Trust Inc (ESS) : Waterfront Capital Partners added new position in Essex Property Trust Inc during the most recent quarter end. The investment management firm now holds 117,000 shares of Essex Property Trust Inc which is valued at $26,646,750 , the company said in a statement filed on May 10, 2016 with the SEC.Essex Property Trust Inc makes up approximately 4.37% of Waterfront Capital Partners’s portfolio.
Other Hedge Funds, Including , Fdo Partners sold out all of its stake in ESS during the most recent quarter. The investment firm sold 1,508 shares of ESS which is valued $343,447.Profund Advisors reduced its stake in ESS by selling 812 shares or 15.93% in the most recent quarter. The Hedge Fund company now holds 4,285 shares of ESS which is valued at $994,806. Essex Property Trust Inc makes up approx 0.05% of Profund Advisors’s portfolio. Exane Derivatives added ESS to its portfolio by purchasing 1 company shares during the most recent quarter which is valued at $232.State Board Of Administration Of Florida Retirement System reduced its stake in ESS by selling 370 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 82,941 shares of ESS which is valued at $19,255,583. Essex Property Trust Inc makes up approx 0.07% of State Board Of Administration Of Florida Retirement System’s portfolio.State Of Wisconsin Investment Board reduced its stake in ESS by selling 1,860 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 68,014 shares of ESS which is valued at $15,790,130. Essex Property Trust Inc makes up approx 0.06% of State Of Wisconsin Investment Board’s portfolio.
Essex Property Trust Inc opened for trading at $228.62 and hit $230.57 on the upside on Monday, eventually ending the session at $229.49, with a gain of 0.76% or 1.74 points. The heightened volatility saw the trading volume jump to 3,06,838 shares. Company has a market cap of $15,016 M.
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 Upgraded by CapitalOne to ” Overweight” on May 16, 2016. Essex Property Trust Inc was Upgraded by Raymond James to ” Outperform” on May 5, 2016. Shares were Downgraded by Mizuho on May 2, 2016 to ” Neutral” and Lowered the Price Target to $ 238 from a previous price target of $249 .
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.