Large Outflow of Money Witnessed in Essex Property Trust

Essex Property Trust (NYSE:ESS) During the most recent session, the shares traded at 2.02 points or 0.96% higher at $211.36. The money flow data is unimpressive with the net money flow value of $(-7.55) million. As per the intraday data, the upticks measured $31.19 million and the downticks measured $38.75 million. As a result, the up/down ratio registered a value of 0.81. The shares have seen -0.88% price change for the week.A block trade also made an entry with $2.12 million flowing in through upticks while $10.39 million flew out through downticks. The block tradeoff had the up/down ratio of 0.2. The net money flow for this big transaction was $(-8.27) million.


Currently the company Insiders own 3.5% of Essex Property Trust shares according to the proxy statements. Institutional Investors own 97.29% of Essex Property Trust shares. On the companys insider trading activities, Brady David W, director of Essex Property Trust Inc, had purchased 722 shares on February 25, 2015. The total value of the transaction was $161,598. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Essex Property Trust (NYSE:ESS) : On Monday heightened volatility was witnessed in Essex Property Trust (NYSE:ESS) which led to swings in the share price. The stock opened for trading at $209.65 and hit $213.4 on the upside , eventually ending the session at $211.36, with a gain of 0.96% or 2.02 points. The heightened volatility saw the trading volume jump to 636,818 shares. The 52-week high of the share price is $244.71 and the company has a market cap of $13,829 million. The 52-week low of the share price is at $191.25 .

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Jefferies downgrades its rating on Essex Property Trust (NYSE:ESS).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. In a recent information released to the investors, Jefferies lowers the new price target from $265 per share to $230 per share. The rating by the firm was issued on June 8, 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 57,455 units, located along the West Coast, as well as four commercial buildings (totaling approximately 325,200 square feet), and 12 active development projects with 2,920 units in various stages of development. The Companys 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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