Essex Property Trust, Inc. $ESS Shares Purchased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC boosted its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,035 shares of the real estate investment trust’s stock after buying an additional 330 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Essex Property Trust worth $9,646,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Stephens Inc. AR raised its holdings in shares of Essex Property Trust by 4.6% in the 1st quarter. Stephens Inc. AR now owns 985 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 43 shares during the period. Horizon Investments LLC raised its holdings in shares of Essex Property Trust by 5.0% in the 1st quarter. Horizon Investments LLC now owns 929 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 44 shares during the period. Sequoia Financial Advisors LLC raised 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 worth $239,000 after purchasing an additional 46 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of Essex Property Trust by 5.6% in the 2nd quarter. V Square Quantitative Management LLC now owns 912 shares of the real estate investment trust’s stock worth $258,000 after purchasing an additional 48 shares during the period. Finally, Brooklyn Investment Group raised its holdings in shares of Essex Property Trust by 34.8% in the 1st quarter. Brooklyn Investment Group now owns 190 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 49 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Essex Property Trust Price Performance

ESS stock opened at $259.69 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. Essex Property Trust, Inc. has a 52-week low of $243.85 and a 52-week high of $316.29. The stock’s 50 day moving average is $263.46 and its two-hundred day moving average is $273.54. The company has a market capitalization of $16.72 billion, a PE ratio of 20.88, a P/E/G ratio of 6.31 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 (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.04. Essex Property Trust had a return on equity of 13.98% and a net margin of 43.51%.The company had revenue of $465.84 million for the quarter, compared to the consensus estimate of $466.47 million. During the same period in the previous year, the business 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. 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $2.57 per share. The ex-dividend date was Tuesday, September 30th. This represents a $10.28 annualized dividend and a yield of 4.0%. Essex Property Trust’s payout ratio is currently 82.64%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wells Fargo & Company raised their price objective on Essex Property Trust from $279.00 to $280.00 and gave the stock an “equal weight” rating in a report on Monday, October 13th. Wall Street Zen upgraded Essex Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Morgan Stanley dropped their target price on Essex Property Trust from $304.00 to $285.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 13th. Raymond James Financial upgraded Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $315.00 target price on the stock in a report on Tuesday, June 24th. Finally, Truist Financial dropped their target price on Essex Property Trust from $295.00 to $283.00 and set a “hold” rating on the stock in a report on Tuesday, August 12th. Seven research 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 has a consensus rating of “Hold” and a consensus target price 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.