Essex Property Trust, Inc. $ESS Shares Sold by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 24.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,985 shares of the real estate investment trust’s stock after selling 978 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Essex Property Trust were worth $846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ESS. Richardson Financial Services Inc. grew its holdings in shares of Essex Property Trust by 300.0% during the second quarter. Richardson Financial Services Inc. now owns 100 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 75 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Essex Property Trust during the first quarter worth about $31,000. Ransom Advisory Ltd acquired a new stake in shares of Essex Property Trust during the first quarter worth $31,000. Zions Bancorporation National Association UT acquired a new stake in shares of Essex Property Trust during the first quarter worth $34,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Essex Property Trust during the second quarter worth $34,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Essex Property Trust from $301.50 to $305.50 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Truist Financial decreased their price objective on Essex Property Trust from $295.00 to $283.00 and set a “hold” rating on the stock in a report on Tuesday, August 12th. Cantor Fitzgerald assumed coverage on Essex Property Trust in a report on Wednesday, October 1st. They set an “overweight” rating and a $300.00 price objective on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Essex Property Trust in a report on Saturday. Finally, Scotiabank decreased their price objective on Essex Property Trust from $320.00 to $309.00 and set a “sector outperform” rating on the stock in a report on Tuesday, August 5th. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $297.09.

Essex Property Trust Price Performance

Shares of Essex Property Trust stock opened at $264.74 on Monday. Essex Property Trust, Inc. has a twelve month low of $243.85 and a twelve month high of $316.29. The stock has a market capitalization of $17.05 billion, a P/E ratio of 21.28, a PEG ratio of 6.43 and a beta of 0.81. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.16. The business’s fifty day moving average price is $264.17 and its 200 day moving average price is $273.54.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.99 by $0.04. Essex Property Trust had a return on equity of 13.98% and a net margin of 43.51%.The firm had revenue of $465.84 million for the quarter, compared to analysts’ expectations of $466.47 million. During the same quarter last year, the firm earned $3.94 earnings per share. Essex Property Trust has set its Q3 2025 guidance at 3.890-3.990 EPS. FY 2025 guidance at 15.800-16.020 EPS. As a group, research analysts anticipate that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Essex Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $2.57 per share. This represents a $10.28 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Essex Property Trust’s payout ratio is 82.64%.

About Essex Property Trust

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.