Sei Investments Co. Acquires 8,654 Shares of Essex Property Trust, Inc. $ESS

Sei Investments Co. increased its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 2.5% in the 1st quarter, Holdings Channel reports. The firm owned 361,694 shares of the real estate investment trust’s stock after buying an additional 8,654 shares during the period. Sei Investments Co.’s holdings in Essex Property Trust were worth $87,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Woodline Partners LP purchased a new stake in Essex Property Trust in the first quarter worth about $1,664,000. Focus Partners Wealth purchased a new position in shares of Essex Property Trust during the 1st quarter valued at about $223,000. EverSource Wealth Advisors LLC grew its stake in shares of Essex Property Trust by 70.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 279 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 115 shares during the period. First Trust Advisors LP grew its stake in shares of Essex Property Trust by 186.2% during the 2nd quarter. First Trust Advisors LP now owns 33,614 shares of the real estate investment trust’s stock valued at $9,526,000 after acquiring an additional 21,871 shares during the period. Finally, Bank of Nova Scotia grew its stake in shares of Essex Property Trust by 10.9% during the 2nd quarter. Bank of Nova Scotia now owns 8,274 shares of the real estate investment trust’s stock valued at $2,345,000 after acquiring an additional 811 shares during the period. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust Stock Up 0.0%

ESS opened at $293.32 on Friday. The firm has a 50-day simple moving average of $285.41 and a two-hundred day simple moving average of $264.95. Essex Property Trust, Inc. has a 52 week low of $238.46 and a 52 week high of $303.35. The company has a market capitalization of $18.85 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 12.64 and a beta of 0.70. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.22.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($2.31). Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.The firm had revenue of $484.76 million during the quarter, compared to the consensus estimate of $479.89 million. During the same period last year, the firm posted $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Analysts forecast that Essex Property Trust, Inc. will post 16.11 earnings per share for the current fiscal year.

Essex Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $2.59 per share. The ex-dividend date was Tuesday, June 30th. This represents a $10.36 dividend on an annualized basis and a yield of 3.5%. Essex Property Trust’s dividend payout ratio is 116.40%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ESS. Scotiabank raised their target price on shares of Essex Property Trust from $290.00 to $307.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Wells Fargo & Company lifted their price target on shares of Essex Property Trust from $280.00 to $297.00 and gave the company an “equal weight” rating in a report on Wednesday. Wall Street Zen upgraded shares of Essex Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $330.00 price objective on shares of Essex Property Trust in a research note on Monday. Finally, Morgan Stanley raised their price objective on shares of Essex Property Trust from $293.00 to $302.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $299.08.

Insider Transactions at Essex Property Trust

In related news, Director Mary Kasaris sold 600 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total transaction of $167,670.00. Following the sale, the director owned 2,394 shares in the company, valued at approximately $669,003.30. This represents a 20.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.47% of the stock is currently owned by company insiders.

Essex Property Trust Company Profile

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.