MQS Management LLC bought a new position in Essex Property Trust, Inc. (NYSE:ESS – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 4,753 shares of the real estate investment trust’s stock, valued at approximately $1,244,000. Essex Property Trust accounts for approximately 0.7% of MQS Management LLC’s investment portfolio, making the stock its 6th largest position.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Kingdom Financial Group LLC. bought a new stake in shares of Essex Property Trust in the 4th quarter worth approximately $299,000. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Essex Property Trust by 1.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 33,973 shares of the real estate investment trust’s stock worth $8,890,000 after purchasing an additional 377 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Essex Property Trust by 171.4% in the 4th quarter. Global Retirement Partners LLC now owns 825 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 521 shares in the last quarter. ABN Amro Investment Solutions bought a new stake in shares of Essex Property Trust in the 4th quarter worth approximately $581,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Essex Property Trust by 18.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,013 shares of the real estate investment trust’s stock worth $788,000 after purchasing an additional 461 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
ESS has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Essex Property Trust from $274.00 to $278.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Wells Fargo & Company cut their price target on shares of Essex Property Trust from $268.00 to $262.00 and set an “equal weight” rating on the stock in a report on Thursday, April 23rd. Piper Sandler upgraded shares of Essex Property Trust from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $275.00 to $310.00 in a report on Monday, May 4th. Weiss Ratings upgraded shares of Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, Robert W. Baird boosted their price target on shares of Essex Property Trust from $279.00 to $281.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $283.74.
Essex Property Trust Stock Performance
Shares of ESS opened at $277.00 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $17.80 billion, a PE ratio of 31.12, a PEG ratio of 11.84 and a beta of 0.71. Essex Property Trust, Inc. has a 52 week low of $238.46 and a 52 week high of $294.09. The company’s 50 day moving average price is $255.60 and its 200 day moving average price is $256.11.
Essex Property Trust (NYSE:ESS – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 EPS for the quarter, missing the consensus estimate of $3.96 by ($2.31). The business had revenue of $484.76 million for the quarter, compared to analyst estimates of $479.89 million. Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.During the same quarter last year, the company earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Research analysts expect that Essex Property Trust, Inc. will post 16.06 EPS for the current fiscal year.
Essex Property Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $2.59 per share. This represents a $10.36 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, June 30th. Essex Property Trust’s dividend payout ratio is presently 116.40%.
Essex Property Trust Company 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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