Amp Capital Investors Ltd buys $151,663,827 stake in Essex Property Trust Inc (ESS)

Essex Property Trust Inc (ESS) : Amp Capital Investors Ltd scooped up 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 15, 2016. The investment management firm now holds a total of 661,075 shares of Essex Property Trust Inc which is valued at $151,663,827.Essex Property Trust Inc makes up approximately 0.96% of Amp Capital Investors Ltd’s portfolio.

Other Hedge Funds, Including , Fiduciary Trust Co boosted its stake in ESS in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 1,911 shares of Essex Property Trust Inc which is valued at $438,422. Essex Property Trust Inc makes up approx 0.01% of Fiduciary Trust Co’s portfolio. Nuveen Fund Advisors added ESS to its portfolio by purchasing 4,878 company shares during the most recent quarter which is valued at $1,119,111. Essex Property Trust Inc makes up approx 0.17% of Nuveen Fund Advisors’s portfolio.Credit Agricole S A boosted its stake in ESS in the latest quarter, The investment management firm added 2,764 additional shares and now holds a total of 38,140 shares of Essex Property Trust Inc which is valued at $8,750,079. Essex Property Trust Inc makes up approx 0.03% of Credit Agricole S A’s portfolio.Cadence Capital Management reduced its stake in ESS by selling 1,888 shares or 34.39% in the most recent quarter. The Hedge Fund company now holds 3,602 shares of ESS which is valued at $830,009. Essex Property Trust Inc makes up approx 0.06% of Cadence Capital Management’s portfolio.

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.

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