Hsbc Holdings PLC Buys 21,832 Shares of Essex Property Trust, Inc. $ESS

Hsbc Holdings PLC lifted its position in Essex Property Trust, Inc. (NYSE:ESS) by 11.4% during the 4th quarter, HoldingsChannel reports. The firm owned 212,619 shares of the real estate investment trust’s stock after acquiring an additional 21,832 shares during the quarter. Hsbc Holdings PLC’s holdings in Essex Property Trust were worth $55,655,000 at the end of the most recent reporting period.

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

Essex Property Trust Stock Down 0.2%

Shares of NYSE:ESS opened at $297.87 on Monday. Essex Property Trust, Inc. has a 1 year low of $238.46 and a 1 year high of $299.29. The business has a 50 day simple moving average of $276.49 and a two-hundred day simple moving average of $261.39. The firm has a market capitalization of $19.14 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 12.86 and a beta of 0.70. 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 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 analysts’ consensus estimates 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 business had revenue of $484.76 million for the quarter, compared to the consensus estimate of $479.89 million. During the same period in the prior year, the business posted $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, equities analysts predict that Essex Property Trust, Inc. will post 16.11 EPS for the current year.

Essex Property Trust Dividend Announcement

The business 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 yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Essex Property Trust’s dividend payout ratio (DPR) is currently 116.40%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ESS shares. Royal Bank Of Canada upped their target price on shares of Essex Property Trust from $282.00 to $288.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Mizuho upped their price objective on Essex Property Trust from $285.00 to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Piper Sandler raised Essex Property Trust from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $275.00 to $310.00 in a research note on Monday, May 4th. Truist Financial lifted their target price on Essex Property Trust from $273.00 to $286.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th. Finally, Evercore restated an “outperform” rating and set a $296.00 price target on shares of Essex Property Trust in a report on Monday, June 8th. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $292.08.

Insider Activity at Essex Property Trust

In other news, Director Mary Kasaris sold 600 shares of Essex Property Trust stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total transaction of $167,670.00. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through this link. Company insiders own 3.47% of the company’s stock.

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.