Essex Property Trust, Inc. $ESS Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in Essex Property Trust, Inc. (NYSE:ESS) by 45.5% in the 1st quarter, HoldingsChannel reports. The firm owned 91,254 shares of the real estate investment trust’s stock after purchasing an additional 28,527 shares during the quarter. SG Americas Securities LLC’s holdings in Essex Property Trust were worth $22,083,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nemes Rush Group LLC purchased a new stake in Essex Property Trust in the fourth quarter valued at approximately $27,000. Generali Asset Management SPA SGR purchased a new position in Essex Property Trust during the 4th quarter worth approximately $29,000. True Wealth Design LLC lifted its stake in 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 valued at $46,000 after acquiring an additional 96 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Essex Property Trust by 67.8% in 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 purchased a new stake in shares of Essex Property Trust in the 3rd quarter valued at $51,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on ESS shares. Morgan Stanley set a $293.00 target price on shares of Essex Property Trust in a report on Friday, May 15th. Barclays increased their price target on Essex Property Trust from $272.00 to $277.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Cantor Fitzgerald lifted their price objective on Essex Property Trust from $290.00 to $291.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on Essex Property Trust from $272.00 to $275.00 and gave the company an “underweight” rating in a report on Monday, May 18th. Finally, Weiss Ratings upgraded Essex Property Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $288.03.

Insider Buying and Selling at Essex Property Trust

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

Essex Property Trust Stock Performance

ESS opened at $281.83 on Thursday. The firm has a fifty day moving average price of $270.70 and a 200 day moving average price of $259.50. Essex Property Trust, Inc. has a 1 year low of $238.46 and a 1 year high of $294.09. The stock has a market cap of $18.11 billion, a P/E ratio of 31.67, a P/E/G ratio of 12.06 and a beta of 0.72. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.98 and a quick ratio of 0.98.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. The firm had revenue of $484.76 million during the quarter, compared to analysts’ expectations of $479.89 million. During the same period in the previous year, the firm posted $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Equities research analysts anticipate that Essex Property Trust, Inc. will post 16.08 earnings per share for the current year.

Essex Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid 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 payout ratio is currently 116.40%.

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.