Brookfield Asset Management Position in Essex Ppty Tr (ESS) Decreased by $6.83 Million as Stock Price Rose; Amerisourcebergen (ABC) Shareholder Allen Investment Management Has Trimmed Holding as Share Price Declined

June 18, 2018 - By Marie Mckinney

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

Allen Investment Management Llc decreased its stake in Amerisourcebergen Corp (ABC) by 43.39% based on its latest 2018Q1 regulatory filing with the SEC. Allen Investment Management Llc sold 430,097 shares as the company’s stock declined 15.00% with the market. The hedge fund held 561,034 shares of the other pharmaceuticals company at the end of 2018Q1, valued at $48.37M, down from 991,131 at the end of the previous reported quarter. Allen Investment Management Llc who had been investing in Amerisourcebergen Corp for a number of months, seems to be less bullish one the $20.09B market cap company. The stock decreased 3.66% or $3.47 during the last trading session, reaching $91.38. About 824,762 shares traded. AmerisourceBergen Corporation (NYSE:ABC) has declined 6.17% since June 18, 2017 and is downtrending. It has underperformed by 18.74% the S&P500. Some Historical ABC News: 26/04/2018 – AmerisourceBergen Foundation Creates Opioid Resource Grant Program; 02/05/2018 – AmerisourceBergen Sees FY18 Adjusted Operating Income Growth to Be Flat; 02/05/2018 – AmerisourceBergen Sees FY Capital Expenditures $325M; 15/05/2018 – U.S. state attorneys general sue Purdue Pharma over opioid epidemic; 02/04/2018 – AmerisourceBergen: In Active Communication With FDA, Will Provide Update to Agency Upon Completion of Remediation Measures; 02/05/2018 – AmerisourceBergen 2Q Net $287.5M; 22/03/2018 – The AmerisourceBergen Foundation Partners With Jefferson to Address Opioid Crisis; 02/04/2018 – AmerisourceBergen: Production at PharMEDium’s Memphis Outsourcing Facility Remains Voluntarily Suspended While Company Completes Certain Remediation Measures; 18/04/2018 – AmerisourceBergen Closes Above 50-Day Moving Average; 25/05/2018 – AmerisourceBergen Presenting at Goldman Sachs Conference Jun 12

Brookfield Asset Management Inc decreased its stake in Essex Ppty Tr Inc (ESS) by 5.36% based on its latest 2018Q1 regulatory filing with the SEC. Brookfield Asset Management Inc sold 28,479 shares as the company’s stock rose 3.12% while stock markets declined. The hedge fund held 502,525 shares of the consumer services company at the end of 2018Q1, valued at $120.95 million, down from 531,004 at the end of the previous reported quarter. Brookfield Asset Management Inc who had been investing in Essex Ppty Tr Inc for a number of months, seems to be less bullish one the $15.81 billion market cap company. The stock decreased 1.32% or $3.09 during the last trading session, reaching $231.4. About 218,287 shares traded. Essex Property Trust, Inc. (NYSE:ESS) has declined 8.62% since June 18, 2017 and is downtrending. It has underperformed by 21.19% the S&P500. Some Historical ESS News: 20/03/2018 – Rep. Seth Moulto: Moulton, Tsongas, Markey Announce Essex National Heritage Bill; 24/04/2018 – The UK’s Kent and Essex Police Forces Join the Axon Network with Significant Axon Body Camera Orders; 20/03/2018 – Sen. Markey: Markey, Moulton, Tsongas Announce Essex National Heritage Bill; 06/03/2018 Essex and Hertfordshire County Councils Work Together to Pilot UK Innovation in Smart City Services; 17/04/2018 – HFF Announces $260M Construction Financing for 202 Broome Street at Essex Crossing; 28/03/2018 – PSIVIDA CORP. ANNOUNCES TRANSFORMATIVE ACQUISITION OF ICON BIOSCIENCE INC. AND GROWTH CAPITAL FINANCING WITH ESSEX WOODLANDS HEALTHCARE PARTNERS — COMPANY WILL REBRAND AS EYEPOINT PHARMACEUTICALS,; 28/03/2018 – NYC Econ Dev: Essex Street Market Additions Include Middle Eastern Counter From the Sussman Brothers; 23/04/2018 – DJ Essex Property Trust Inc, Inst Holders, 1Q 2018 (ESS); 26/04/2018 – YellowAdvertiser: EXCLUSIVE: Campaigners slam Essex Council as it hides details of alleged child sex abuse and corruption,; 08/05/2018 – Fiduciary Trust Adds Booking, Exits Essex Property: 13F

Brookfield Asset Management Inc, which manages about $13.20B and $23.82B US Long portfolio, upped its stake in Park Hotels Resorts Inc by 2.36 million shares to 6.87M shares, valued at $185.69M in 2018Q1, according to the filing. It also increased its holding in Phillips 66 Partners Lp (NYSE:PSXP) by 953,495 shares in the quarter, for a total of 2.02 million shares, and has risen its stake in Plains All Amern Pipeline L (NYSE:PAA).

Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.08, from 1.06 in 2017Q4. It turned negative, as 37 investors sold ESS shares while 131 reduced holdings. 46 funds opened positions while 119 raised stakes. 62.36 million shares or 0.08% more from 62.32 million shares in 2017Q4 were reported. Victory Incorporated stated it has 1,400 shares. Schwab Charles Investment Mgmt holds 0.12% in Essex Property Trust, Inc. (NYSE:ESS) or 661,629 shares. United Automobile Association holds 0.02% or 25,138 shares. Chevy Chase Tru Holding Inc owns 55,803 shares for 0.06% of their portfolio. Bamco Inc New York reported 89 shares. 1,587 were accumulated by American Investment Serv. State Bank Of New York Mellon owns 581,599 shares or 0.04% of their US portfolio. Global X Comm Limited holds 2,925 shares or 0.01% of its portfolio. Oregon Pub Employees Retirement Fund holds 7,057 shares. Forward Ltd Liability Corp invested in 0.2% or 5,800 shares. Cleararc Capital Inc accumulated 1,676 shares. Alpine Woods Capital Invsts Limited Liability Corporation holds 23,165 shares. Moreover, Regions Financial has 0% invested in Essex Property Trust, Inc. (NYSE:ESS). Amer Gp holds 0.02% of its portfolio in Essex Property Trust, Inc. (NYSE:ESS) for 22,950 shares. Moody Commercial Bank Trust Division stated it has 1,870 shares or 0.02% of all its holdings.

Analysts await Essex Property Trust, Inc. (NYSE:ESS) to report earnings on July, 26. They expect $3.09 EPS, up 4.04% or $0.12 from last year’s $2.97 per share. ESS’s profit will be $211.11 million for 18.72 P/E if the $3.09 EPS becomes a reality. After $3.09 actual EPS reported by Essex Property Trust, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Another recent and important Essex Property Trust, Inc. (NYSE:ESS) news was published by Seekingalpha.com which published an article titled: “AvalonBay, Mid-America Apartment Cut by BTIG” on May 31, 2018.

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 95 analyst reports since July 21, 2015 according to SRatingsIntel. Raymond James downgraded the stock to “Hold” rating in Wednesday, August 9 report. Evercore upgraded Essex Property Trust, Inc. (NYSE:ESS) on Monday, September 25 to “In-Line” rating. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, November 9. Canaccord Genuity maintained the shares of ESS in report on Monday, July 31 with “Hold” rating. JP Morgan maintained Essex Property Trust, Inc. (NYSE:ESS) on Tuesday, March 6 with “Overweight” rating. The firm earned “Sell” rating on Monday, November 6 by Mizuho. On Friday, January 12 the stock rating was maintained by Sandler O’Neill with “Hold”. The firm has “Overweight” rating given on Friday, December 16 by KeyBanc Capital Markets. Wells Fargo maintained it with “Hold” rating and $251.0 target in Tuesday, February 20 report. Sandler O’Neill downgraded the stock to “Hold” rating in Monday, May 2 report.

Since February 12, 2018, it had 0 insider purchases, and 2 insider sales for $719,700 activity. $607,985 worth of Essex Property Trust, Inc. (NYSE:ESS) was sold by Burkart John F. on Friday, May 11.

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. AmerisourceBergen had 74 analyst reports since July 27, 2015 according to SRatingsIntel. As per Tuesday, January 2, the company rating was maintained by Leerink Swann. Mizuho upgraded the shares of ABC in report on Wednesday, November 9 to “Buy” rating. The firm earned “Buy” rating on Monday, July 27 by TheStreet. As per Thursday, February 4, the company rating was maintained by FBR Capital. The company was upgraded on Thursday, October 5 by Robert W. Baird. As per Tuesday, February 6, the company rating was maintained by Mizuho. The stock of AmerisourceBergen Corporation (NYSE:ABC) earned “Buy” rating by Needham on Tuesday, January 30. Robert W. Baird maintained the stock with “Buy” rating in Friday, December 1 report. On Friday, June 30 the stock rating was downgraded by Bank of America to “Neutral”. The rating was maintained by Mizuho on Wednesday, November 18 with “Neutral”.

Another recent and important AmerisourceBergen Corporation (NYSE:ABC) news was published by Gurufocus.com which published an article titled: “‘Time Travel’ With Pharmaceutical Distributors Part 1 – First-Level Information and Thinking” on June 17, 2018.

Analysts await AmerisourceBergen Corporation (NYSE:ABC) to report earnings on August, 2. They expect $1.49 earnings per share, up 4.20% or $0.06 from last year’s $1.43 per share. ABC’s profit will be $327.51 million for 15.33 P/E if the $1.49 EPS becomes a reality. After $1.94 actual earnings per share reported by AmerisourceBergen Corporation for the previous quarter, Wall Street now forecasts -23.20% negative EPS growth.

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

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>