Essex Property Trust, Inc. $ESS Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 33.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,068 shares of the real estate investment trust’s stock after selling 545 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Essex Property Trust were worth $303,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Essex Property Trust by 15.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,092 shares of the real estate investment trust’s stock valued at $3,094,000 after acquiring an additional 1,321 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Essex Property Trust by 6.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 778 shares of the real estate investment trust’s stock valued at $239,000 after acquiring an additional 46 shares during the period. Vanguard Group Inc. increased its holdings in shares of Essex Property Trust by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 10,440,274 shares of the real estate investment trust’s stock valued at $3,200,675,000 after acquiring an additional 87,117 shares during the period. Korea Investment CORP increased its holdings in shares of Essex Property Trust by 26.7% in the 1st quarter. Korea Investment CORP now owns 75,510 shares of the real estate investment trust’s stock valued at $23,149,000 after acquiring an additional 15,912 shares during the period. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of Essex Property Trust by 144.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 1,911 shares of the real estate investment trust’s stock valued at $586,000 after acquiring an additional 1,130 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Essex Property Trust Stock Performance

NYSE:ESS opened at $263.91 on Friday. The firm’s fifty day moving average price is $264.06 and its 200 day moving average price is $273.33. Essex Property Trust, Inc. has a 1-year low of $243.85 and a 1-year high of $316.29. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap 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 (NYSE:ESS) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share 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 firm had revenue of $465.84 million for the quarter, compared to analyst estimates of $466.47 million. During the same period 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. On average, sell-side analysts expect that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.9%. Essex Property Trust’s dividend payout ratio is 82.64%.

Analyst Ratings Changes

A number of equities analysts have recently commented on ESS shares. Cantor Fitzgerald started coverage on shares of Essex Property Trust in a report on Wednesday, October 1st. They issued an “overweight” rating and a $300.00 target price on the stock. Stifel Nicolaus lifted their target price 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. UBS Group cut their target price on shares of Essex Property Trust from $297.00 to $295.00 and set a “neutral” rating on the stock in a report on Tuesday, July 15th. Scotiabank cut their target price on shares of Essex Property Trust from $320.00 to $309.00 and set a “sector outperform” rating on the stock in a report on Tuesday, August 5th. Finally, BNP Paribas Exane lowered shares of Essex Property Trust from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Seven investment 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. According to MarketBeat, Essex Property Trust 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.