Sold Essex Property Trust, Bought Wendy’s

Today, 06/05/26, the Facilitator of this site’s Value Investment Fund sold Essex Property Trust when the market price was $287.63 at 2:26 PM. The Fund netted $57,326 after fees of $200 ($1/Share). Altogether, the Fund held Essex for 297 days, earning $1,546 in dividends, and closed out with a $6,710 capital gain. In total, the Fund earned $8,256, or about $27.80/day. Return on investment was 20.05% annualized. With the proceeds, the Fund purchased another 3,000 shares of Wendy’s at $6.91, including transaction fees of $.25/Share.  In total, the Fund paid out $20,730 for the fourth tranche of Wendy’s.

The remaining cash was used to clear the overdraft balance and pay down the Margin Account balance $30,000. 

The Fund now owns 12,000 shares of Wendy’s with an average cost basis of $8.60 each. The Facilitator expects Wendy’s to clear $14/Share within two years from today. Act on Knowledge.