Handelsbanken Fonder AB lowered its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS – Free Report) by 7.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 42,171 shares of the real estate investment trust’s stock after selling 3,383 shares during the period. Handelsbanken Fonder AB’s holdings in Essex Property Trust were worth $11,035,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in Essex Property Trust by 21.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock worth $439,520,000 after acquiring an additional 301,349 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Essex Property Trust by 9.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,157,617 shares of the real estate investment trust’s stock worth $309,848,000 after acquiring an additional 100,730 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Essex Property Trust by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 929,187 shares of the real estate investment trust’s stock worth $248,703,000 after acquiring an additional 5,483 shares during the last quarter. Ameriprise Financial Inc. grew its position in Essex Property Trust by 3.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 882,010 shares of the real estate investment trust’s stock worth $233,668,000 after acquiring an additional 32,981 shares during the last quarter. Finally, Resolution Capital Ltd grew its position in Essex Property Trust by 3.2% during the 2nd quarter. Resolution Capital Ltd now owns 848,629 shares of the real estate investment trust’s stock worth $240,501,000 after acquiring an additional 26,661 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on ESS. Morgan Stanley set a $293.00 price objective on Essex Property Trust in a research report on Friday, May 15th. Wells Fargo & Company reduced their price objective on Essex Property Trust from $268.00 to $262.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 23rd. Raymond James Financial restated a “market perform” rating on shares of Essex Property Trust in a research report on Friday, February 27th. JPMorgan Chase & Co. boosted their price objective on Essex Property Trust from $272.00 to $275.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, Scotiabank boosted their price objective on Essex Property Trust from $278.00 to $282.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $283.74.
Essex Property Trust Trading Down 0.4%
NYSE ESS opened at $273.86 on Friday. The business’s 50-day moving average price is $255.06 and its two-hundred day moving average price is $255.97. Essex Property Trust, Inc. has a 12 month low of $238.46 and a 12 month high of $294.09. The firm has a market capitalization of $17.60 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 11.89 and a beta of 0.71. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.22.
Essex Property Trust (NYSE:ESS – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. The company had revenue of $484.76 million during the quarter, compared to the consensus estimate of $479.89 million. During the same quarter last year, the firm posted $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, analysts expect that Essex Property Trust, Inc. will post 16.06 EPS for the current year.
Essex Property Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $2.59 dividend. This represents a $10.36 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, June 30th. Essex Property Trust’s payout ratio is 116.40%.
Essex Property Trust Profile
Essex Property Trust, Inc (NYSE: ESS) is a publicly traded real estate investment trust that acquires, develops, owns and operates multifamily residential properties. The company focuses on market-rate apartment communities and delivers a full suite of property services including leasing, resident services, asset management, and capital improvement programs designed to preserve and enhance long‑term property values.
Essex concentrates its portfolio in West Coast markets, with a significant presence in California and the Pacific Northwest.
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