Celgene (CELG) Position Has Boosted by Penn Davis Mcfarland Inc; Heitman Real Estate Securities Lowered Essex Property Trust (ESS) Position by $23.41 Million as Market Value Declined

May 18, 2018 - By Louis Casey

Essex Property Trust, Inc. (NYSE:ESS) Logo

Heitman Real Estate Securities Llc decreased its stake in Essex Property Trust Inc. (ESS) by 67.97% based on its latest 2017Q4 regulatory filing with the SEC. Heitman Real Estate Securities Llc sold 97,147 shares as the company’s stock declined 2.27% with the market. The institutional investor held 45,769 shares of the consumer services company at the end of 2017Q4, valued at $11.05 million, down from 142,916 at the end of the previous reported quarter. Heitman Real Estate Securities Llc who had been investing in Essex Property Trust Inc. for a number of months, seems to be less bullish one the $15.48B market cap company. The stock decreased 0.39% or $0.88 during the last trading session, reaching $226.52. About 26,457 shares traded. Essex Property Trust, Inc. (NYSE:ESS) has risen 0.21% since May 18, 2017 and is uptrending. It has underperformed by 11.34% the S&P500.




Penn Davis Mcfarland Inc increased its stake in Celgene Corporation (CELG) by 149.89% based on its latest 2017Q4 regulatory filing with the SEC. Penn Davis Mcfarland Inc bought 101,686 shares as the company’s stock declined 19.30% with the market. The institutional investor held 169,526 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $17.69 million, up from 67,840 at the end of the previous reported quarter. Penn Davis Mcfarland Inc who had been investing in Celgene Corporation for a number of months, seems to be bullish on the $57.56 billion market cap company. The stock decreased 0.91% or $0.73 during the last trading session, reaching $79.25. About 1.68M shares traded. Celgene Corporation (NASDAQ:CELG) has declined 31.28% since May 18, 2017 and is downtrending. It has underperformed by 42.83% the S&P500.

Since December 11, 2017, it had 0 insider buys, and 6 sales for $2.72 million activity. Burkart John F. had sold 2,500 shares worth $607,985. 600 shares were sold by Kleiman Angela L., worth $148,296 on Monday, December 11. Shares for $247,487 were sold by ZIMMERMAN CRAIG K. Another trade for 4,801 shares valued at $1.19M was made by SCHALL MICHAEL J on Monday, December 11. EUDY JOHN D had sold 1,700 shares worth $420,308 on Monday, December 11.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.24, from 1.3 in 2017Q3. It fall, as 40 investors sold ESS shares while 124 reduced holdings. 45 funds opened positions while 129 raised stakes. 62.32 million shares or 0.92% less from 62.90 million shares in 2017Q3 were reported. Livforsakringsbolaget Skandia Omsesidigt accumulated 0.02% or 1,000 shares. Menta Capital Limited Liability stated it has 0.07% of its portfolio in Essex Property Trust, Inc. (NYSE:ESS). Credit Suisse Ag reported 0.04% stake. Gemmer Asset Management Ltd Liability Company has invested 0.36% of its portfolio in Essex Property Trust, Inc. (NYSE:ESS). Carroll Fincl Associates holds 38 shares. Fifth Third Natl Bank has invested 0% of its portfolio in Essex Property Trust, Inc. (NYSE:ESS). 1,039 were reported by Bailard. Raymond James, a Florida-based fund reported 17,596 shares. Boston Ptnrs holds 377,487 shares or 0.11% of its portfolio. Whittier Trust Of Nevada accumulated 0% or 59 shares. Moody Bank & Trust Division reported 0.02% in Essex Property Trust, Inc. (NYSE:ESS). Profund Advisors Limited Liability holds 3,232 shares or 0.03% of its portfolio. Jane Street Group Inc Lc holds 0% or 3,374 shares in its portfolio. First Interstate Bancorp holds 0.02% or 301 shares. Amica Pension Fund Board Of Trustees holds 0.06% in Essex Property Trust, Inc. (NYSE:ESS) or 2,297 shares.

Heitman Real Estate Securities Llc, which manages about $2.16B and $1.75B US Long portfolio, upped its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 608,109 shares to 810,348 shares, valued at $30.12M in 2017Q4, according to the filing. It also increased its holding in Vornado Realty Trust (NYSE:VNO) by 40,334 shares in the quarter, for a total of 829,993 shares, and has risen its stake in Summit Hotel Properties Inc (NYSE:INN).

Among 28 analysts covering Essex Property Trust (NYSE:ESS), 15 have Buy rating, 2 Sell and 11 Hold. Therefore 54% are positive. Essex Property Trust had 93 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by BTIG Research given on Wednesday, December 13. Jefferies maintained the shares of ESS in report on Sunday, August 20 with “Hold” rating. Jefferies downgraded the stock to “Hold” rating in Wednesday, June 8 report. As per Wednesday, August 10, the company rating was maintained by Jefferies. The stock of Essex Property Trust, Inc. (NYSE:ESS) has “Hold” rating given on Wednesday, February 8 by Canaccord Genuity. RBC Capital Markets maintained the shares of ESS in report on Friday, July 14 with “Buy” rating. The stock of Essex Property Trust, Inc. (NYSE:ESS) has “Neutral” rating given on Tuesday, July 21 by SunTrust. As per Thursday, September 7, the company rating was maintained by KeyBanc Capital Markets. The firm earned “Buy” rating on Tuesday, November 10 by BB&T Capital. The firm has “Hold” rating by Jefferies given on Friday, September 8.

More recent Essex Property Trust, Inc. (NYSE:ESS) news were published by: Globenewswire.com which released: “Factors of Influence in 2018, Key Indicators and Opportunity within HCA Healthcare, Apartment Investment and …” on May 07, 2018. Also Prnewswire.com published the news titled: “Technical Perspectives on REIT Stocks — AvalonBay Communities, Equity LifeStyle Properties, Essex Property Trust …” on May 02, 2018. Seekingalpha.com‘s news article titled: “Essex Property Trust’s (ESS) CEO Michael Schall on Q1 2018 Results – Earnings Call Transcript” with publication date: May 06, 2018 was also an interesting one.

Analysts await Essex Property Trust, Inc. (NYSE:ESS) to report earnings on July, 26. They expect $3.09 earnings per share, up 4.04% or $0.12 from last year’s $2.97 per share. ESS’s profit will be $211.11 million for 18.33 P/E if the $3.09 EPS becomes a reality. After $3.09 actual earnings per share reported by Essex Property Trust, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.34, from 1.17 in 2017Q3. It dived, as 156 investors sold CELG shares while 478 reduced holdings. 118 funds opened positions while 411 raised stakes. 561.38 million shares or 7.06% less from 603.99 million shares in 2017Q3 were reported. Kingfisher Lc reported 0.67% stake. 77,912 were accumulated by Bender Robert Assocs. Moreover, Gideon Capital has 0.39% invested in Celgene Corporation (NASDAQ:CELG). Reilly Fincl Advisors Limited Liability has 0.02% invested in Celgene Corporation (NASDAQ:CELG) for 1,570 shares. 25,127 are owned by First Foundation Advsr. Regentatlantic Cap Lc accumulated 21,112 shares. Burt Wealth Advsrs has 0.06% invested in Celgene Corporation (NASDAQ:CELG). Greystone Managed Investments stated it has 57,732 shares. Moreover, Edinburgh Ptnrs Limited has 8.7% invested in Celgene Corporation (NASDAQ:CELG) for 315,906 shares. The Connecticut-based Macguire Cheswick And Tuttle Inv Counsel Lc has invested 1.62% in Celgene Corporation (NASDAQ:CELG). Jane Street Ltd Liability holds 0.03% or 94,200 shares in its portfolio. New York-based Sg Americas Securities has invested 0.08% in Celgene Corporation (NASDAQ:CELG). Smithfield Communication stated it has 1,471 shares. Arrow Financial holds 0.54% or 22,487 shares in its portfolio. Segall Bryant & Hamill Ltd Liability Co reported 29,228 shares.

Since February 8, 2018, it had 1 buy, and 3 insider sales for $3.58 million activity. $851,093 worth of Celgene Corporation (NASDAQ:CELG) shares were sold by LOUGHLIN JAMES J. Another trade for 3,260 shares valued at $299,594 was made by Alles Mark J on Thursday, February 8. 13,370 Celgene Corporation (NASDAQ:CELG) shares with value of $1.26 million were sold by MARIO ERNEST.

Essex Property Trust, Inc. (NYSE:ESS) Institutional Positions Chart

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