Essex Property Trust Inc (ESS) : Spirit Of America Management Corpny reduced its stake in Essex Property Trust Inc by 8.46% during the most recent quarter end. The investment management company now holds a total of 16,496 shares of Essex Property Trust Inc which is valued at $3,443,045 after selling 1,525 shares in Essex Property Trust Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Essex Property Trust Inc makes up approximately 0.46% of Spirit Of America Management Corpny’s portfolio.
Other Hedge Funds, Including , Duff Phelps Investment Management Co boosted its stake in ESS in the latest quarter, The investment management firm added 24,423 additional shares and now holds a total of 488,955 shares of Essex Property Trust Inc which is valued at $102,054,688. Essex Property Trust Inc makes up approx 1.48% of Duff Phelps Investment Management Co’s portfolio.Msi Financial Services Inc reduced its stake in ESS by selling 254 shares or 37.08% in the most recent quarter. The Hedge Fund company now holds 431 shares of ESS which is valued at $89,894. First Mercantile Trust Co sold out all of its stake in ESS during the most recent quarter. The investment firm sold 1,338 shares of ESS which is valued $284,017.Bnp Paribas Arbitrage Sa reduced its stake in ESS by selling 6,108 shares or 41.25% in the most recent quarter. The Hedge Fund company now holds 8,700 shares of ESS which is valued at $1,855,884. Essex Property Trust Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.
Essex Property Trust Inc opened for trading at $208.57 and hit $209.08 on the upside on Friday, eventually ending the session at $208.72, with a gain of 0.07% or 0.15 points. The heightened volatility saw the trading volume jump to 6,44,461 shares. Company has a market cap of $13,670 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.
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.