Bennicas Associates Lowers stake in Essex Property Trust Inc (ESS)

Essex Property Trust Inc (ESS) : Bennicas Associates reduced its stake in Essex Property Trust Inc by 2.02% during the most recent quarter end. The investment management company now holds a total of 8,577 shares of Essex Property Trust Inc which is valued at $1,790,191 after selling 177 shares in Essex Property Trust Inc , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Essex Property Trust Inc makes up approximately 1.69% of Bennicas Associates’s portfolio.

Other Hedge Funds, Including , Gemmer Asset Management boosted its stake in ESS in the latest quarter, The investment management firm added 29 additional shares and now holds a total of 4,174 shares of Essex Property Trust Inc which is valued at $871,197. Essex Property Trust Inc makes up approx 0.45% of Gemmer Asset Management’s portfolio. Btr Capital Management Inc added ESS to its portfolio by purchasing 1,576 company shares during the most recent quarter which is valued at $328,943. Essex Property Trust Inc makes up approx 0.08% of Btr Capital Management Inc’s portfolio.Capstone Asset Management Co boosted its stake in ESS in the latest quarter, The investment management firm added 158 additional shares and now holds a total of 5,617 shares of Essex Property Trust Inc which is valued at $1,181,087. Essex Property Trust Inc makes up approx 0.03% of Capstone Asset Management Co’s portfolio.Chevy Chase Trust Holdings reduced its stake in ESS by selling 1,359 shares or 2.43% in the most recent quarter. The Hedge Fund company now holds 54,653 shares of ESS which is valued at $11,658,578. Essex Property Trust Inc makes up approx 0.06% of Chevy Chase Trust Holdings’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.

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