Strs Ohio Sells 12,897 Shares of Essex Property Trust, Inc. $ESS

Strs Ohio lowered its position in Essex Property Trust, Inc. (NYSE:ESS) by 13.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 82,145 shares of the real estate investment trust’s stock after selling 12,897 shares during the quarter. Strs Ohio’s holdings in Essex Property Trust were worth $21,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Essex Property Trust by 973.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 743,954 shares of the real estate investment trust’s stock valued at $199,127,000 after purchasing an additional 674,617 shares during the period. Centersquare Investment Management LLC boosted its stake in shares of Essex Property Trust by 473.5% in the third quarter. Centersquare Investment Management LLC now owns 516,756 shares of the real estate investment trust’s stock worth $138,315,000 after acquiring an additional 426,650 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Essex Property Trust by 1,768.0% in the fourth quarter. Teacher Retirement System of Texas now owns 157,438 shares of the real estate investment trust’s stock worth $41,198,000 after buying an additional 149,010 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Essex Property Trust by 9.5% in the third quarter. Daiwa Securities Group Inc. now owns 1,157,617 shares of the real estate investment trust’s stock worth $309,848,000 after buying an additional 100,730 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of Essex Property Trust by 8,827.8% in the fourth quarter. M&T Bank Corp now owns 93,117 shares of the real estate investment trust’s stock worth $24,367,000 after buying an additional 92,074 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust Stock Performance

Shares of ESS stock opened at $263.47 on Monday. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 8.25 and a beta of 0.71. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.98 and a quick ratio of 0.98. The business has a fifty day moving average of $251.76 and a 200 day moving average of $254.96. Essex Property Trust, Inc. has a 1 year low of $238.46 and a 1 year high of $294.09.

Essex Property Trust (NYSE:ESS) last issued its 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). The firm had revenue of $484.76 million during the quarter, compared to analysts’ expectations of $479.89 million. Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.During the same quarter last year, the business earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, research analysts expect that Essex Property Trust, Inc. will post 16.03 earnings per share for the current year.

Essex Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $2.59 per share. This represents a $10.36 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Tuesday, March 31st. This is an increase from Essex Property Trust’s previous quarterly dividend of $2.57. Essex Property Trust’s dividend payout ratio (DPR) is 116.40%.

Wall Street Analyst Weigh In

ESS has been the topic of a number of recent research reports. Scotiabank decreased their price objective on Essex Property Trust from $284.00 to $278.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, March 4th. UBS Group increased their price target on Essex Property Trust from $267.00 to $274.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Raymond James Financial reissued a “market perform” rating on shares of Essex Property Trust in a research note on Friday, February 27th. Stifel Nicolaus increased their target price on Essex Property Trust from $278.00 to $281.50 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $290.00 target price on shares of Essex Property Trust in a research report on Monday, February 9th. Five analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $280.72.

Essex Property Trust 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.