Nordea Investment Management AB Purchases 336 Shares of Essex Property Trust, Inc. $ESS

Nordea Investment Management AB increased its position in Essex Property Trust, Inc. (NYSE:ESS) by 7.0% in the second quarter, Holdings Channel.com reports. The fund owned 5,118 shares of the real estate investment trust’s stock after acquiring an additional 336 shares during the quarter. Nordea Investment Management AB’s holdings in Essex Property Trust were worth $1,431,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ESS. Richardson Financial Services Inc. boosted its position in shares of Essex Property Trust by 300.0% in the second quarter. Richardson Financial Services Inc. now owns 100 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 75 shares during the period. WPG Advisers LLC bought a new stake in Essex Property Trust during the first quarter valued at approximately $31,000. Ransom Advisory Ltd bought a new stake in Essex Property Trust during the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT bought a new stake in Essex Property Trust during the first quarter valued at approximately $34,000. Finally, GKV Capital Management Co. Inc. bought a new stake in Essex Property Trust during the first quarter valued at approximately $35,000. 96.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ESS has been the subject of several research analyst reports. Piper Sandler lowered shares of Essex Property Trust from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $355.00 to $275.00 in a research report on Monday, August 4th. Scotiabank dropped their target price on shares of Essex Property Trust from $320.00 to $309.00 and set a “sector outperform” rating for the company in a research report on Tuesday, August 5th. Truist Financial dropped their target price on shares of Essex Property Trust from $295.00 to $283.00 and set a “hold” rating for the company in a research report on Tuesday, August 12th. Barclays dropped their target price on shares of Essex Property Trust from $298.00 to $297.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 30th. Finally, 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 research report on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $297.09.

Essex Property Trust Stock Down 0.1%

NYSE:ESS opened at $263.91 on Friday. The firm’s 50-day moving average price is $264.06 and its 200-day moving average price is $273.33. The company has a market capitalization of $17.00 billion, a PE ratio of 21.21, a P/E/G ratio of 6.42 and a beta of 0.81. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.09. 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 released its 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 firm had revenue of $465.84 million for the quarter, compared to the consensus estimate 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 firm 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, equities analysts predict that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $2.57 dividend. 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 currently 82.64%.

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.