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{"id":16916,"date":"2021-01-11T19:21:20","date_gmt":"2021-01-11T19:21:20","guid":{"rendered":"https:\/\/businessecon.org\/?p=16916"},"modified":"2023-08-13T17:00:28","modified_gmt":"2023-08-13T17:00:28","slug":"purchased-43-2994-shares-essex-property-trust","status":"publish","type":"post","link":"https:\/\/valueinvestingnow.com\/2021\/01\/purchased-43-2994-shares-essex-property-trust","title":{"rendered":"Purchased 43.2994 Shares Essex Property Trust"},"content":{"rendered":"

Purchased 43.2994 Shares Essex Property Trust<\/span><\/strong><\/span><\/h1>\n

Today, the Value Investment Fund purchased a second tranche of Essex Property Trust<\/span><\/strong><\/a>. After calculating the intrinsic value of Essex Property Trust<\/span><\/strong><\/a> at $256, the REITs Pool allocated $10,000 for a second purchase of Essex Property Trust once the price dipped below $230 per share. Today, 01\/11\/21 at 12:38 PM, the stock price dropped to $229.95. Using a $1 per share transaction fee, the fund purchased 43.2994 Shares of Essex Property Trust; thus the total cumulative owned and invested is:<\/span><\/p>\n

Essex Property Trust (Tranche #1)\u00a0 \u00a0 \u00a048.9644 Shares on 10\/24\/2020; total basis of $10,000<\/span>
\nEssex Property Trust (Tranche #2)\u00a0 \u00a0 \u00a043.2994 Shares on 01\/11\/2021; total basis of $10,000<\/span><\/p>\n

Thus, the fund’s cumulative investment for Essex Property Trust equals $20,000 owning 92.2638 shares with an average cost basis of $216.77 per share. The first tranche was purchased at $204.23 including the $1 per share transaction fee. Act on Knowledge.<\/strong><\/span><\/p>\n