Hsbc Holdings PLC Purchases 21,832 Shares of Essex Property Trust, Inc. $ESS

Hsbc Holdings PLC increased its position in Essex Property Trust, Inc. (NYSE:ESS) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,619 shares of the real estate investment trust’s stock after buying an additional 21,832 shares during the period. Hsbc Holdings PLC’s holdings in Essex Property Trust were worth $55,655,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nemes Rush Group LLC purchased a new position in Essex Property Trust during the 4th quarter valued at approximately $27,000. Generali Asset Management SPA SGR purchased a new stake in shares of Essex Property Trust during the 4th quarter worth approximately $29,000. True Wealth Design LLC raised its holdings in shares of Essex Property Trust by 120.0% during the 4th quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 96 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Essex Property Trust by 67.8% during the 4th quarter. Hantz Financial Services Inc. now owns 193 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 78 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Essex Property Trust during the 3rd quarter valued at approximately $51,000. 96.51% of the stock is owned by institutional investors.

Insider Activity at Essex Property Trust

In related news, Director Mary Kasaris sold 600 shares of Essex Property Trust stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total transaction of $167,670.00. Following the completion of the transaction, the director directly owned 2,394 shares of the company’s stock, valued at approximately $669,003.30. The trade was a 20.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings raised shares of Essex Property Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. JPMorgan Chase & Co. lifted their price objective on shares of Essex Property Trust from $272.00 to $275.00 and gave the stock an “underweight” rating in a research note on Monday, May 18th. Scotiabank reissued an “outperform” rating on shares of Essex Property Trust in a research note on Thursday. Mizuho boosted their target price on shares of Essex Property Trust from $285.00 to $308.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Finally, Cantor Fitzgerald upped their target price on shares of Essex Property Trust from $290.00 to $291.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $289.62.

Essex Property Trust Stock Performance

NYSE ESS opened at $276.67 on Tuesday. The business’s 50 day moving average price is $269.45 and its 200-day moving average price is $259.19. Essex Property Trust, Inc. has a fifty-two week low of $238.46 and a fifty-two week high of $294.09. The company has a market cap of $17.78 billion, a P/E ratio of 31.09, a P/E/G ratio of 11.82 and a beta of 0.72. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.98 and a current ratio of 0.98.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). The company had revenue of $484.76 million during the quarter, compared to the consensus estimate of $479.89 million. Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.During the same quarter in the prior year, the business earned $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Sell-side analysts predict that Essex Property Trust, Inc. will post 16.08 earnings per share for the current year.

Essex Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $2.59 dividend. This represents a $10.36 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, June 30th. Essex Property Trust’s dividend payout ratio (DPR) is 116.40%.

About Essex Property Trust

Essex Property Trust, Inc (NYSE: ESS) is a publicly traded real estate investment trust that acquires, develops, owns and operates multifamily residential properties. The company focuses on market-rate apartment communities and delivers a full suite of property services including leasing, resident services, asset management, and capital improvement programs designed to preserve and enhance long?term property values.

Essex concentrates its portfolio in West Coast markets, with a significant presence in California and the Pacific Northwest.