Large Outflow of Money Witnessed in Essex Property Trust

Essex Property Trust (ESS) : Fridays money flow analysis of Essex Property Trust (ESS) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $25.76 million. In comparison, the inflow of money on upticks was a meager $18.41 million. The dollar value of composite uptick trades minus the downtick trades was negative $7.35 million. The uptick to downtick ratio of 0.71 in the money flow shows weakness. The downtick transaction value was high at $4.54 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($4.54 million). Essex Property Trust (ESS) gained $0.44 at $226.88, a change of 0.19% over the previous days close.


Essex Property Trust (ESS) : Average target price received by Essex Property Trust (ESS) is $243.44 with an expected standard deviation of $14.59. The most aggressive target on the stock is $268, whereas the most downbeat target is $209. 16 financial analysts are currently covering the stock.

Essex Property Trust (NYSE:ESS): stock turned positive on Friday. Though the stock opened at $226.51, the bulls momentum made the stock top out at $228.08 level for the day. The stock recorded a low of $226.51 and closed the trading day at $226.99, in the green by 0.24%. The total traded volume for the day was 402,679. The stock had closed at $226.44 in the previous days trading.

In a related news,The officer (President and CEO) of Essex Property Trust Inc, Schall Michael J sold 10,000 shares at $225.03 on July 5, 2016. The Insider selling transaction had a total value worth of $2,250,300. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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