Essex Property Trust, Inc. $ESS Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,333 shares of the real estate investment trust’s stock after selling 342 shares during the quarter. TD Asset Management Inc’s holdings in Essex Property Trust were worth $6,329,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ESS. GAMMA Investing LLC boosted its position in Essex Property Trust by 16.1% during the first quarter. GAMMA Investing LLC now owns 1,462 shares of the real estate investment trust’s stock worth $448,000 after acquiring an additional 203 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Essex Property Trust by 15.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,092 shares of the real estate investment trust’s stock worth $3,094,000 after acquiring an additional 1,321 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Essex Property Trust during the first quarter worth approximately $237,000. QRG Capital Management Inc. acquired a new stake in Essex Property Trust during the first quarter worth approximately $653,000. Finally, CWA Asset Management Group LLC boosted its holdings in shares of Essex Property Trust by 10.0% in the 1st quarter. CWA Asset Management Group LLC now owns 883 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ESS shares. Stifel Nicolaus lifted their price target on shares of Essex Property Trust from $301.50 to $305.50 and gave the company a “hold” rating in a report on Wednesday, July 30th. Royal Bank Of Canada lifted their price target on shares of Essex Property Trust from $306.00 to $307.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Raymond James Financial upgraded shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $315.00 price target on the stock in a report on Tuesday, June 24th. BNP Paribas Exane lowered shares of Essex Property Trust from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Finally, BNP Paribas lowered shares of Essex Property Trust from an “outperform” rating to a “hold” rating in a report on Monday, September 29th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $297.09.

Essex Property Trust Stock Performance

Shares of ESS stock opened at $259.69 on Monday. The company’s fifty day simple moving average is $263.46 and its 200-day simple moving average is $273.54. Essex Property Trust, Inc. has a 52 week low of $243.85 and a 52 week high of $316.29. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.16. The company has a market cap of $16.72 billion, a PE ratio of 20.88, a P/E/G ratio of 6.31 and a beta of 0.81.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.99 by $0.04. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. The business had revenue of $465.84 million for the quarter, compared to the consensus estimate of $466.47 million. During the same quarter last year, the firm posted $3.94 EPS. Essex Property Trust has set its Q3 2025 guidance at 3.890-3.990 EPS. FY 2025 guidance at 15.800-16.020 EPS. As a group, equities research analysts anticipate that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $2.57 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $10.28 annualized dividend and a yield of 4.0%. Essex Property Trust’s payout ratio is 82.64%.

About Essex Property Trust

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.