Police & Firemen s Retirement System of New Jersey Grows Position in Essex Property Trust, Inc. $ESS

Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 4.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,654 shares of the real estate investment trust’s stock after purchasing an additional 401 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Essex Property Trust were worth $2,736,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Valeo Financial Advisors LLC boosted its stake in Essex Property Trust by 151,452.8% during 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 buying an additional 2,976,047 shares during the period. Wealthquest Corp acquired a new position in shares of Essex Property Trust in the 1st quarter worth approximately $384,606,000. Price T Rowe Associates Inc. MD boosted its position in shares of Essex Property Trust by 66.5% during the 1st 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 purchasing an additional 1,096,619 shares during the period. Resolution Capital Ltd boosted its position in shares of Essex Property Trust by 59.0% during the 1st quarter. Resolution Capital Ltd now owns 821,968 shares of the real estate investment trust’s stock worth $251,991,000 after purchasing an additional 304,936 shares during the period. Finally, Nuveen LLC acquired a new stake in Essex Property Trust in the 1st quarter valued at approximately $91,014,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

ESS has been the subject of a number of research reports. Morgan Stanley dropped their price objective on Essex Property Trust from $304.00 to $285.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 13th. BNP Paribas Exane downgraded Essex Property Trust from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Wall Street Zen raised shares of Essex Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Royal Bank Of Canada raised their price objective on shares of Essex Property Trust from $306.00 to $307.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company cut their target price on shares of Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. 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. According to data from MarketBeat.com, Essex Property Trust presently has a consensus rating of “Hold” and an average target price of $292.53.

Essex Property Trust Stock Performance

Shares of ESS opened at $253.39 on Wednesday. Essex Property Trust, Inc. has a 1 year low of $243.25 and a 1 year high of $316.29. The stock has a market capitalization of $16.32 billion, a PE ratio of 19.25, a PEG ratio of 6.00 and a beta of 0.82. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50-day simple moving average of $260.96 and a 200-day simple moving average of $271.17.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $473.30 million for the quarter, compared to analysts’ expectations of $472.11 million. During the same quarter last year, the company 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. On average, analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $2.57 per share. This represents a $10.28 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 30th. 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.