Essex Property Trust, Inc. $ESS Shares Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC raised its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 70.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,457 shares of the real estate investment trust’s stock after purchasing an additional 601 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Essex Property Trust were worth $426,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Richardson Financial Services Inc. grew its position in shares of Essex Property Trust by 300.0% in the 2nd quarter. Richardson Financial Services Inc. now owns 100 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 75 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of Essex Property Trust in the 1st quarter worth approximately $31,000. Ransom Advisory Ltd acquired a new position in shares of Essex Property Trust in the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT acquired a new position in Essex Property Trust during the 1st quarter valued at approximately $34,000. Finally, GKV Capital Management Co. Inc. acquired a new position in Essex Property Trust during the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Essex Property Trust Stock Up 0.8%

NYSE:ESS opened at $264.19 on Thursday. The business’s fifty day moving average price is $263.91 and its 200 day moving average price is $273.32. The firm has a market capitalization of $17.01 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 6.36 and a beta of 0.81. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.16. Essex Property Trust, Inc. has a 1-year low of $243.85 and a 1-year high of $316.29.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.04. The firm had revenue of $465.84 million during the quarter, compared to the consensus estimate of $466.47 million. Essex Property Trust had a return on equity of 13.98% and a net margin of 43.51%.During the same period in the prior year, the business earned $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. On average, sell-side analysts forecast that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal year.

Essex Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $2.57 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $10.28 dividend on an annualized basis and a yield of 3.9%. Essex Property Trust’s payout ratio is 82.64%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ESS. Weiss Ratings restated a “hold (c+)” rating on shares of Essex Property Trust in a research report on Wednesday, October 8th. Wall Street Zen raised Essex Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. Stifel Nicolaus boosted their target price on Essex Property Trust from $301.50 to $305.50 and gave the stock a “hold” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada boosted their target price on Essex Property Trust from $306.00 to $307.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company boosted their target price on Essex Property Trust from $279.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Monday, October 13th. Seven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $297.09.

Essex Property Trust Company Profile

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.