Large Outflow of Money Witnessed in Essex Property Trust

Essex Property Trust (ESS) : The total money flow in Essex Property Trust (ESS) was negative ($5.25 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $20.97 million. In comparison, the inflow of money into the stock on upticks was $15.72 million. The uptick to downtick ratio was 0.75. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $3.77 million. The negative money flow of ($3.77 million) confirms the selling in Essex Property Trust (ESS) on strength. Essex Property Trust (ESS) gained $0.72 at $227.33, a gain of 0.32% over the previous days close. However, the stock registered -1.55% in the week.


Essex Property Trust Inc. has dropped 1.22% in the last five trading days, however, the shares have posted positive gains of 0.89% in the last 4 weeks. Essex Property Trust Inc. is up 1.29% in the last 3-month period. Year-to-Date the stock performance stands at -3.64%.

Essex Property Trust (ESS) : The consensus on Essex Property Trust (ESS) based on 17 analyst recommendation on the company stock is 2.26, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Essex Property Trust (NYSE:ESS): The stock opened at $226.79 and touched an intraday high of $228.9 on Wednesday. During the day, the stock corrected to an intraday low of $225.66, however, the bulls stepped in and pushed the price higher to close in the green at $227.41 with a gain of 0.35% for the day. The total traded volume for the day was 442,142. The stock had closed at $228.21 in the previous trading session.

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 57,455 units, located along the West Coast, as well as four commercial buildings (totaling approximately 325,200 square feet), and 12 active development projects with 2,920 units in various stages of development. The Companys 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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