Essex Property Trust, Inc. $ESS Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Essex Property Trust, Inc. (NYSE:ESS) by 22.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 43,989 shares of the real estate investment trust’s stock after acquiring an additional 8,164 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Essex Property Trust were worth $10,645,000 as of its most recent SEC filing.

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

Insider Activity

In other news, Director Mary Kasaris sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total value of $167,670.00. Following the transaction, the director owned 2,394 shares of the company’s stock, valued at approximately $669,003.30. The trade was a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.47% of the company’s stock.

Essex Property Trust Stock Performance

NYSE ESS opened at $297.30 on Tuesday. 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, Inc. has a 52-week low of $238.46 and a 52-week high of $303.35. The business’s 50-day moving average price is $280.59 and its 200 day moving average price is $262.89. The firm has a market cap of $19.10 billion, a P/E ratio of 33.40, a P/E/G ratio of 12.66 and a beta of 0.70.

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 the consensus estimate of $3.96 by ($2.31). The company had revenue of $484.76 million during the quarter, compared to analyst estimates of $479.89 million. Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. During the same quarter last year, the firm earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, equities research analysts expect that Essex Property Trust, Inc. will post 16.11 earnings per share for the current year.

Essex Property Trust Announces Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $10.36 dividend on an annualized basis and a dividend yield of 3.5%. Essex Property Trust’s payout ratio is presently 116.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ESS shares. Truist Financial boosted their price target on shares of Essex Property Trust from $273.00 to $286.00 and gave the company a “hold” rating in a research report on Wednesday, May 27th. Weiss Ratings upgraded shares of Essex Property Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. UBS Group set a $290.00 price objective on Essex Property Trust in a report on Thursday, June 18th. Wall Street Zen upgraded Essex Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Mizuho boosted their target price on Essex Property Trust from $285.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $293.03.

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.