Essex Property Trust, Inc. (NYSE:ESS) Earnings Growth & Valuation in Focus

Art Advsrs Ltd Liability invested 0.19% of its portfolio in Essex Property Trust Inc (NYSE:ESS). The firm owned 7,312 shares of the real estate investment trust's stock after buying an additional 235 shares during the period.

Other large investors have also recently modified their holdings of the company. Moreover, Aqr Capital Management Limited Liability Company has 0.01% invested in Essex Property Trust Inc (NYSE:ESS). Dimensional Fund Advisors LP now owns 1,524,197 shares of the real estate investment trust's stock worth $32,921,000 after buying an additional 123,530 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Camden Property Trust by 64.9% in the third quarter. Hsbc Holdings PLC now owns 161,791 shares of the real estate investment trust's stock valued at $36,031,000 after buying an additional 3,418 shares during the period. State Board Of Administration Of Florida Retirement Sys reported 0.07% of its portfolio in Essex Property Trust Inc (NYSE:ESS). Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Columbia Property Trust by 49.0% in the third quarter. Creative Planning increased its position in shares of Camden Property Trust by 3.1% in the first quarter.

Camden Property Trust is a real estate investment trust. Dimensional Fund Advisors LP boosted its position in Columbia Property Trust by 8.8% in the fourth quarter. Renaissance Group LLC now owns 4,666 shares of the real estate investment trust's stock valued at $392,000 after buying an additional 77 shares during the last quarter.

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Camden Property Trust (NYSE:CPT) traded down 0.79% during midday trading on Friday, hitting $83.22. Pushing out to the 50-day, we can see that shares are now trading 6.13% off of that number. Over the past twelve months, Columbia Property Trust, Inc. The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. Checking in on some other ratios, the company has a Price to Cash Flow ratio of 2.351409, and a current Price to Earnings ratio of -2.008561. ZIMMERMAN CRAIG K also sold $1.53M worth of Essex Property Trust Inc (NYSE:ESS) shares. The real estate investment trust reported $1.09 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.10 by $0.01. The firm is yielding 4.20% return on assets and 8.30% return on equity. The company had revenue of $219.50 million for the quarter, compared to the consensus estimate of $218.19 million. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Equities analysts predict that Essex Property Trust Inc will post $5.81 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Stock Observer and is owned by of Stock Observer. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US & global trademark & copyright legislation. The original version of this report can be accessed at https://www.chaffeybreeze.com/2017/05/26/ameriprise-financial-inc-decreases-position-in-essex-property-trust-inc-ess-updated.html. Barclays Capital upgraded the shares of ESS in report on Monday, January 23 to "Overweight" rating. Citigroup maintained Camden Property Trust (NYSE:CPT) rating on Thursday, August 4. The same analysts have a future one-year price target of $253.04 on the shares. They noted that the move was a valuation call. Royal Bank of Canada restated an "outperform" rating and issued a $267.00 price target (up previously from $248.00) on shares of Essex Property Trust in a research report on Tuesday, May 16th. Goldman Sachs Group Inc upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $84.00 to $94.00 in a research note on Friday, March 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company's stock. The firm has "Hold" rating given on Tuesday, November 3 by Canaccord Genuity.

In other news, EVP William W. Sengelmann sold 16,118 shares of the business's stock in a transaction dated Monday, February 27th. The company has market cap of $1.18 billion. Following the transaction, the executive vice president now directly owns 72,294 shares in the company, valued at $6,129,808.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Another trade for 13,971 shares valued at $1.19 million was sold by PARKER F GARDNER. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The disclosure for this sale can be found here. Aviva Public Ltd invested in 43,141 shares or 0.06% of the stock. The stock of Columbia Property Trust Inc (NYSE:CXP) has "Outperform" rating given on Tuesday, January 24 by Oppenheimer. The Company is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of predominantly apartment communities, located along the West Coast.

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