Essex Property Trust, Inc. $ESS Position Decreased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,450 shares of the real estate investment trust’s stock after selling 1,436 shares during the period. Asset Management One Co. Ltd.’s holdings in Essex Property Trust were worth $37,536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ESS. Valeo Financial Advisors LLC boosted its holdings in shares of Essex Property Trust by 151,452.8% in the second quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust’s stock worth $843,969,000 after buying an additional 2,976,047 shares during the period. Wealthquest Corp acquired a new position in shares of Essex Property Trust in the first quarter worth about $384,606,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Essex Property Trust by 66.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,746,242 shares of the real estate investment trust’s stock worth $841,916,000 after buying an additional 1,096,619 shares during the period. Resolution Capital Ltd boosted its holdings in shares of Essex Property Trust by 59.0% in the first quarter. Resolution Capital Ltd now owns 821,968 shares of the real estate investment trust’s stock worth $251,991,000 after buying an additional 304,936 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Essex Property Trust in the first quarter worth about $91,014,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on ESS shares. Stifel Nicolaus raised their target price on shares of Essex Property Trust from $301.50 to $305.50 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Evercore ISI decreased their target price on shares of Essex Property Trust from $283.00 to $279.00 and set an “in-line” rating for the company in a report on Monday, October 13th. Wall Street Zen cut shares of Essex Property Trust from a “hold” rating to a “sell” rating in a report on Saturday. Piper Sandler cut shares of Essex Property Trust from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $355.00 to $275.00 in a report on Monday, August 4th. Finally, Cantor Fitzgerald started coverage on shares of Essex Property Trust in a report on Wednesday, October 1st. They set an “overweight” rating and a $300.00 price target for the company. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $297.09.

Essex Property Trust Stock Performance

ESS stock opened at $264.74 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $17.05 billion, a P/E ratio of 21.28, a P/E/G ratio of 6.40 and a beta of 0.81. The firm has a 50 day simple moving average of $264.17 and a 200 day simple moving average of $273.40. 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 issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.99 by $0.04. The firm had revenue of $465.84 million for the quarter, compared to analyst estimates of $466.47 million. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. 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. Research analysts anticipate that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal year.

Essex Property Trust Announces Dividend

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

Essex Property Trust Company 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.