DekaBank Deutsche Girozentrale Raises Position in Essex Property Trust, Inc. $ESS

DekaBank Deutsche Girozentrale grew its position in Essex Property Trust, Inc. (NYSE:ESS) by 6.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 50,197 shares of the real estate investment trust’s stock after purchasing an additional 3,129 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Essex Property Trust were worth $14,237,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ESS. Valeo Financial Advisors LLC grew its stake in shares of Essex Property Trust by 151,452.8% in the second quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust’s stock worth $843,969,000 after acquiring an additional 2,976,047 shares during the period. Wealthquest Corp bought a new stake in shares of Essex Property Trust in the first quarter worth approximately $384,606,000. Price T Rowe Associates Inc. MD grew its stake in shares of Essex Property Trust by 66.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,746,242 shares of the real estate investment trust’s stock worth $841,916,000 after acquiring an additional 1,096,619 shares during the period. Resolution Capital Ltd grew its stake in shares of Essex Property Trust by 59.0% in the first quarter. Resolution Capital Ltd now owns 821,968 shares of the real estate investment trust’s stock worth $251,991,000 after acquiring an additional 304,936 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Essex Property Trust in the first quarter worth approximately $91,014,000. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wall Street Zen upgraded shares of Essex Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Stifel Nicolaus lifted their price target on shares of Essex Property Trust from $301.50 to $305.50 and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Wells Fargo & Company boosted their target price on shares of Essex Property Trust from $279.00 to $280.00 and gave the company an “equal weight” rating in a research report on Monday, October 13th. Royal Bank Of Canada boosted their target price on shares of Essex Property Trust from $306.00 to $307.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, BNP Paribas lowered shares of Essex Property Trust from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. Seven 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, Essex Property Trust has a consensus rating of “Hold” and an average target price of $297.09.

Essex Property Trust Stock Performance

Shares of NYSE ESS opened at $263.91 on Friday. The firm has a 50 day moving average of $264.06 and a 200 day moving average of $273.33. 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 firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 6.42 and a beta of 0.81. Essex Property Trust, Inc. has a 12-month low of $243.85 and a 12-month high of $316.29.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.99 by $0.04. The business had revenue of $465.84 million during the quarter, compared to analyst estimates of $466.47 million. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. During the same period in the prior year, the business posted $3.94 earnings per share. 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, research analysts anticipate that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Essex Property Trust Dividend Announcement

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

Essex Property Trust 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.