Duff Phelps Investment Management Co buys $102,054,688 stake in Essex Property Trust Inc (ESS)

Essex Property Trust Inc (ESS) : Duff Phelps Investment Management Co scooped up 24,423 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 Oct 14, 2016. The investment management firm 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 approximately 1.48% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in ESS in the latest quarter, The investment management firm added 4,321 additional shares and now holds a total of 50,706 shares of Essex Property Trust Inc which is valued at $10,583,356. Essex Property Trust Inc makes up approx 0.09% of National Pension Service’s portfolio.Creative Planning reduced its stake in ESS by selling 3,100 shares or 41.24% in the most recent quarter. The Hedge Fund company now holds 4,417 shares of ESS which is valued at $928,763. Essex Property Trust Inc makes up approx 0.01% of Creative Planning’s portfolio.Eagle Asset Management Inc reduced its stake in ESS by selling 144 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 11,206 shares of ESS which is valued at $2,356,286. Essex Property Trust Inc makes up approx 0.02% of Eagle Asset Management Inc’s portfolio.Nisa Investment Advisors reduced its stake in ESS by selling 500 shares or 3.55% in the most recent quarter. The Hedge Fund company now holds 13,585 shares of ESS which is valued at $2,856,518. Essex Property Trust Inc makes up approx 0.04% of Nisa Investment Advisors’s portfolio.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.

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