Presima buys $40,071,777 stake in Essex Property Trust Inc (ESS)

Essex Property Trust Inc (ESS) : Presima scooped up 5,600 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 3, 2016. The investment management firm now holds a total of 173,900 shares of Essex Property Trust Inc which is valued at $40,071,777.Essex Property Trust Inc makes up approximately 6.08% of Presima’s portfolio.

Other Hedge Funds, Including , Swiss National Bank boosted its stake in ESS in the latest quarter, The investment management firm added 74,900 additional shares and now holds a total of 279,152 shares of Essex Property Trust Inc which is valued at $64,324,995. Essex Property Trust Inc makes up approx 0.10% of Swiss National Bank’s portfolio.Duff Phelps Investment Management Co reduced its stake in ESS by selling 55,550 shares or 10.68% in the most recent quarter. The Hedge Fund company now holds 464,532 shares of ESS which is valued at $108,644,744. Essex Property Trust Inc makes up approx 1.61% of Duff Phelps Investment Management Co’s portfolio.Daiwa Securities Group boosted its stake in ESS in the latest quarter, The investment management firm added 52,958 additional shares and now holds a total of 2,085,538 shares of Essex Property Trust Inc which is valued at $456,336,570. Essex Property Trust Inc makes up approx 2.73% of Daiwa Securities Group’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 opened for trading at $230.99 and hit $235.99 on the upside on Monday, eventually ending the session at $233.2, with a gain of 1.12% or 2.59 points. The heightened volatility saw the trading volume jump to 3,14,138 shares. Company has a market cap of $15,273 M.

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.

Leave a Reply

Essex Property Trust Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Essex Property Trust Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.