Essex Ppty Tr (ESS) Holding Upped by Daiwa Securities Group Inc

Marco Green
July 11, 2017

Shares of Gramercy Property Trust (NYSE GPT) traded down 0.70% during midday trading on Monday, hitting $29.58. They now have a Dollars 6.25 price target on the stock. Finally, TheStreet downgraded shares of Gramercy Property Trust from a "b-" rating to a "c+" rating in a research note on Friday, March 31st. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,762 shares of the real estate investment trust's stock valued at $860,000 after buying an additional 57 shares during the period. Creative Planning now owns 11,449 shares of the real estate investment trust's stock valued at $255,000 after buying an additional 345 shares in the last quarter. 1000 shares were traded on Gramercy Property Trust Inc.'s last session. (NYSE:CXP) by 34.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. Putnam Invs Limited Liability Corp holds 0.01% of its portfolio in Essex Property Trust Inc (NYSE:ESS) for 14,235 shares. (NYSE:CXP) is 2.78%, -2.55% over the last quarter, and 0.95% for the past six months. Ladenburg Thalmann Financial Services reiterated a "buy" recommendation on stocks of Gramercy Property Trust in a study note published on Wed, May 3rd. Great West Life Assurance Can stated it has 0.06% in Essex Property Trust Inc (NYSE:ESS). The company has market cap of $16.71 billion. They have access to teams of researchers and data that the average investor doesn't have. Utd Fire Gp Inc holds 0.46% of its portfolio in Essex Property Trust Inc (NYSE:ESS) for 5,347 shares. They expect $2.91 EPS, up 6.20% or $0.17 from last year's $2.74 per share. The firm had revenue of $175.40 million during the quarter, compared to analyst estimates of $177.25 million. On Monday, May 8 Burkart John F. sold $1.66 million worth of Essex Property Trust Inc (NYSE:ESS) or 6,667 shares.

Over the past 50 days, Columbia Property Trust, Inc. stock's -3.40% off of the high and 4.47% removed from the low.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. The ex-dividend date was Tuesday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.95%. Columbia Property Trust's dividend payout ratio (DPR) is presently 64.52%.

Many analysts have quite recently weighed in on GPT. Zacks Investment Research lowered Gramercy Property Trust from a "hold" rating to a "sell" rating in a research report on Monday, April 10th. (The) reaffirmed a "neutral" rating and set a $21.00 target price on shares of Columbia Property Trust in a report on Thursday, June 22nd.

Shares of Liberty Property Trust (NYSE:LPT) opened at 40.51 on Wednesday. The stock of Camden Property Trust (NYSE:CPT) earned "Outperform" rating by BMO Capital Markets on Thursday, May 25. They noted that the move was a valuation call. Finally, Waterfront Capital Partners LLC bought a new stake in shares of Columbia Property Trust during the first quarter valued at approximately $19,219,000. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Rivernorth Capital Management Llc owns 1.84 million shares or 0.7% of their U.S. portfolio.

Peconic Partners Llc increased Newfield Expl Co (NFX) stake by 89.75% reported in 2016Q4 SEC filing. On Monday, June 12 the insider Kleiman Angela L. sold $21,829. The stock has "Outperform" rating by RBC Capital Markets on Tuesday, February 9. Following the sale, the insider now owns 59,763 shares in the company, valued at approximately $13,865,613.63. Hedge funds and other institutional investors own 63.36% of the company's stock.

Gramercy Property Trust is a real estate investment trust (REIT), which is an investor and asset manager of commercial real estate. The Company's primary objective is to generate long-term shareholder returns from a combination of steadily growing cash flows and appreciation in its net asset values, through the acquisition and ownership of office buildings located principally in high-barrier-to-entry markets. The Company's divisions include Carolinas/Richmond; Chicago/Milwaukee; Florida; Houston; Lehigh/Central PA; Minnesota; Philadelphia; Southeastern PA; United Kingdom, and Other, which includes Arizona; Atlanta; Cincinnati/Columbus/Indianapolis; Dallas; DC Metro; New Jersey; Southern California, and other.

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