Quinn Opportunity Partners LLC Sells 4,000 Shares of Essex Property Trust, Inc. $ESS

Quinn Opportunity Partners LLC cut its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 24.0% during the 2nd quarter, Holdings Channel reports. The fund owned 12,650 shares of the real estate investment trust’s stock after selling 4,000 shares during the period. Quinn Opportunity Partners LLC’s holdings in Essex Property Trust were worth $3,585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. WPG Advisers LLC bought a new stake in Essex Property Trust in the first quarter worth $31,000. Ransom Advisory Ltd bought a new stake in Essex Property Trust during the 1st quarter valued at $31,000. Richardson Financial Services Inc. raised 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. Zions Bancorporation National Association UT bought a new position in Essex Property Trust in the first quarter worth about $34,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in Essex Property Trust during the first quarter valued at approximately $35,000. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ESS. BNP Paribas Exane downgraded Essex Property Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Stifel Nicolaus raised their price target on shares of Essex Property Trust from $301.50 to $305.50 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Royal Bank Of Canada increased their price objective on Essex Property Trust from $306.00 to $307.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Wall Street Zen raised Essex Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Essex Property Trust in a research note on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $292.53.

Essex Property Trust Stock Up 0.6%

Essex Property Trust stock opened at $261.69 on Wednesday. Essex Property Trust, Inc. has a twelve month low of $243.25 and a twelve month high of $316.29. The firm has a market capitalization of $16.85 billion, a P/E ratio of 19.89, a P/E/G ratio of 6.00 and a beta of 0.82. 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 stock’s fifty day simple moving average is $262.15 and its 200-day simple moving average is $272.16.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.01. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.70%. The company had revenue of $473.30 million during the quarter, compared to the consensus estimate of $472.11 million. During the same quarter in the previous year, the firm earned $3.91 earnings per share. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS. FY 2025 guidance at 15.890-15.990 EPS. As a group, equities analysts expect that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal 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 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 3.9%. Essex Property Trust’s payout ratio is 78.12%.

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.