Metis Global Partners LLC Buys 1,869 Shares of Essex Property Trust, Inc. $ESS

Metis Global Partners LLC boosted its stake in Essex Property Trust, Inc. (NYSE:ESS) by 10.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,991 shares of the real estate investment trust’s stock after purchasing an additional 1,869 shares during the quarter. Metis Global Partners LLC’s holdings in Essex Property Trust were worth $5,382,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. 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 valued at $28,000 after buying an additional 75 shares in the last quarter. WPG Advisers LLC bought a new position in Essex Property Trust in the first quarter valued at approximately $31,000. Ransom Advisory Ltd acquired a new position in Essex Property Trust during the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT acquired a new position in Essex Property Trust during the first quarter valued at approximately $34,000. Finally, Princeton Global Asset Management LLC bought a new stake in Essex Property Trust during the second quarter worth $34,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Essex Property Trust Price Performance

Essex Property Trust stock opened at $260.32 on Friday. The stock has a 50-day moving average price of $262.33 and a two-hundred day moving average price of $272.41. Essex Property Trust, Inc. has a 12 month low of $243.25 and a 12 month high of $316.29. The company has a market capitalization of $16.77 billion, a PE ratio of 19.78, 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.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.01. The company had revenue of $473.30 million for the quarter, compared to analysts’ expectations of $472.11 million. Essex Property Trust had a return on equity of 14.70% and a net margin of 45.46%.During the same period in the previous year, the business posted $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. Analysts expect that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid 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 dividend yield of 3.9%. Essex Property Trust’s dividend payout ratio (DPR) is presently 78.12%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ESS shares. BNP Paribas Exane lowered Essex Property Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. BNP Paribas cut Essex Property Trust from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. UBS Group dropped their target price on shares of Essex Property Trust from $297.00 to $295.00 and set a “neutral” rating for the company in a report on Tuesday, July 15th. Wells Fargo & Company raised their price target on shares of Essex Property Trust from $279.00 to $280.00 and gave the company an “equal weight” rating in a research note on Monday, October 13th. Finally, Scotiabank decreased their price target on shares of Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating on the stock in a report on Tuesday, November 4th. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $295.03.

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.