Copperwynd Financial LLC Raises Stock Holdings in Essex Property Trust, Inc. $ESS

Copperwynd Financial LLC raised its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 842 shares of the real estate investment trust’s stock after acquiring an additional 53 shares during the period. Copperwynd Financial LLC’s holdings in Essex Property Trust were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of Essex Property Trust during the 1st quarter worth approximately $31,000. Ransom Advisory Ltd purchased a new stake in shares of Essex Property Trust during the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Essex Property Trust during the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Essex Property Trust during the 1st quarter worth approximately $35,000. Finally, Capital Analysts LLC raised its holdings in shares of Essex Property Trust by 56.3% during the 1st quarter. Capital Analysts LLC now owns 136 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 49 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on ESS shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Essex Property Trust in a report on Wednesday. Truist Financial cut their target price on Essex Property Trust from $295.00 to $283.00 and set a “hold” rating on the stock in a research report on Tuesday, August 12th. Morgan Stanley cut their target price on Essex Property Trust from $304.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Wall Street Zen raised Essex Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. Finally, Royal Bank Of Canada boosted their target price on Essex Property Trust from $306.00 to $307.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $297.28.

Essex Property Trust Stock Performance

Shares of Essex Property Trust stock opened at $259.12 on Friday. The stock’s fifty day moving average is $263.22 and its two-hundred day moving average is $275.88. The company has a market capitalization of $16.69 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 6.37 and a beta of 0.81. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. Essex Property Trust, Inc. has a 52 week low of $243.85 and a 52 week high of $316.29.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $4.03 EPS for the quarter, beating the consensus estimate of $3.99 by $0.04. The company had revenue of $465.84 million for the quarter, compared to the consensus estimate of $466.47 million. Essex Property Trust had a return on equity of 13.98% and a net margin of 43.51%.During the same quarter in the prior year, the company posted $3.94 EPS. 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, analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $2.57 dividend. This represents a $10.28 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. Essex Property Trust’s dividend payout ratio is 82.64%.

Essex Property Trust Profile

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.