Cornerstone Real Estate Advisers buys $13,356,374 stake in Essex Property Trust Inc (ESS)

Essex Property Trust Inc (ESS) : Cornerstone Real Estate Advisers scooped up 30,015 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 Aug 11, 2016. The investment management firm now holds a total of 58,218 shares of Essex Property Trust Inc which is valued at $13,356,374.Essex Property Trust Inc makes up approximately 4.38% of Cornerstone Real Estate Advisers’s portfolio.

Other Hedge Funds, Including , Bessemer Group Inc reduced its stake in ESS by selling 207 shares or 21.63% in the most recent quarter. The Hedge Fund company now holds 750 shares of ESS which is valued at $172,065. Jaffetilchin Investment Partners sold out all of its stake in ESS during the most recent quarter. The investment firm sold 2,063 shares of ESS which is valued $475,748.Conning reduced its stake in ESS by selling 110 shares or 6.61% in the most recent quarter. The Hedge Fund company now holds 1,553 shares of ESS which is valued at $339,812. Essex Property Trust Inc makes up approx 0.01% of Conning’s portfolio.Ls Investment Advisors boosted its stake in ESS in the latest quarter, The investment management firm added 44 additional shares and now holds a total of 2,734 shares of Essex Property Trust Inc which is valued at $620,591. Essex Property Trust Inc makes up approx 0.04% of Ls Investment Advisors’s portfolio.

Essex Property Trust Inc (ESS) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $224.58 and reached the intraday high at $225.23. The bulls started the profit booking and pushed the shares to intraday low of $223.36. The trading session was marked by a volume range of 1,92,767 shares exchanging hands. The 52-week high of the shares is $244.71 and the 52-week low is $191.25. The market cap of the company stands at $14,672 M and there are 6,54,94,848 shares in public circulation.

On the company’s financial health, Essex Property Trust Inc reported $2.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $2.70.Analysts expectations of $ 318.82.During the same quarter in the previous year, the company posted $2.40 EPS.

Many Wall Street Analysts have commented on Essex Property Trust Inc. Essex Property Trust Inc was Downgraded by Jefferies to ” Hold” on Jun 8, 2016. Essex Property Trust Inc was Upgraded by CapitalOne to ” Overweight” on May 16, 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 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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