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  • ESS - Potential Short

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    Essex Property Trust is a real estate investment trust (REIT) that owns and operates apartment communities primarily in the West Coast of the United States. As of September 4, 2011, the company owned interests in 133 communities comprising 26,790 units. The report recommends a short position in Essex Property Trust with a target price range of $67-$135.10 over the next 12 months due to weakness in the economy that could put downward pressure on the company's margins.

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    Essex Property Trust is a real estate investment trust (REIT) that owns and operates apartment communities primarily in the West Coast of the United States. As of September 4, 2011, the company owned interests in 133 communities comprising 26,790 units. The report recommends a short position in Essex Property Trust with a target price range of $67-$135.10 over the next 12 months due to weakness in the economy that could put downward pressure on the company's margins.

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    7 views1 page

    ESS - Potential Short

    Uploaded by

    intellitrades
    Essex Property Trust is a real estate investment trust (REIT) that owns and operates apartment communities primarily in the West Coast of the United States. As of September 4, 2011, the company owned interests in 133 communities comprising 26,790 units. The report recommends a short position in Essex Property Trust with a target price range of $67-$135.10 over the next 12 months due to weakness in the economy that could put downward pressure on the company's margins.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    Report Date: September 6, 2011 Price as of 9/5/2011

    Essex Property Trust


    NYSE - ESS, Optionalble

    $1 139.23

    Potential Short

    52 Week Trading Range $105.60 - $144.77

    Market Capitaliza ation 4.56B

    Dividend Yield 3.00%

    Industry Real Estate (REIT)

    Ave. Volume e 316K

    Beta 0.97

    We are looking to enter in the $135.10 area for an downside target area over the next 12 months of 35.10 $67.00. The diversification area is $1 . $114. Our stop area is $150.00. ESS is breaking to the down side here as the market weakens. We are in compression and losing momentum. If the economy continues to weaken we expect margins here to come under pressure resulting in an accelerated price decline. come Essex Property, ticker ESS , a real estate investment trust (REIT), engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities primarily in the West Coast of the United States. As of September 4, 2008, the company owned interests in 133 communities comprising 26,790 units, as well as had 1,658 units in active development.

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