Essex Property Trust Inc (ESS) : Adelante Capital Management scooped up 24,646 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 15, 2016. The investment management firm now holds a total of 515,966 shares of Essex Property Trust Inc which is valued at $118,372,920.Essex Property Trust Inc makes up approximately 5.39% of Adelante Capital Management’s portfolio.
Other Hedge Funds, Including , Land Buildings Investment Management sold out all of its stake in ESS during the most recent quarter. The investment firm sold 15,569 shares of ESS which is valued $3,571,840.Renaissance Technologies reduced its stake in ESS by selling 191,100 shares or 87.54% in the most recent quarter. The Hedge Fund company now holds 27,200 shares of ESS which is valued at $6,240,224. Essex Property Trust Inc makes up approx 0.01% of Renaissance Technologies’s portfolio. Pinebridge Investments added ESS to its portfolio by purchasing 10,850 company shares during the most recent quarter which is valued at $2,489,207. Essex Property Trust Inc makes up approx 0.13% of Pinebridge Investments’s portfolio.Boston Partners boosted its stake in ESS in the latest quarter, The investment management firm added 55,838 additional shares and now holds a total of 522,042 shares of Essex Property Trust Inc which is valued at $120,388,106. Essex Property Trust Inc makes up approx 0.17% of Boston Partners’s portfolio.Commonwealth Equity Services Inc boosted its stake in ESS in the latest quarter, The investment management firm added 123 additional shares and now holds a total of 1,946 shares of Essex Property Trust Inc which is valued at $448,767.
Essex Property Trust Inc closed down -0.24 points or -0.11% at $226.86 with 2,61,688 shares getting traded on Thursday. Post opening the session at $226.84, the shares hit an intraday low of $225.64 and an intraday high of $227.59 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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. (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.