Thrivent Financial for Lutherans cut its holdings in Essex Property Trust, Inc. (NYSE:ESS – Free Report) by 28.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,744 shares of the real estate investment trust’s stock after selling 6,150 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Essex Property Trust were worth $4,079,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in ESS. Generali Asset Management SPA SGR purchased a new position in Essex Property Trust in the 4th quarter valued at about $29,000. Hantz Financial Services Inc. lifted its holdings in Essex Property Trust by 57.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 42 shares in the last quarter. True Wealth Design LLC lifted its holdings in Essex Property Trust by 120.0% in the 4th quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 96 shares in the last quarter. Advisory Services Network LLC purchased a new position in Essex Property Trust in the 3rd quarter valued at about $51,000. Finally, MUFG Securities EMEA plc purchased a new position in Essex Property Trust in the 2nd quarter valued at about $54,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ESS. Royal Bank Of Canada upped their target price on shares of Essex Property Trust from $282.00 to $288.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. 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. JPMorgan Chase & Co. upped their target price on shares of Essex Property Trust from $272.00 to $275.00 and gave the company an “underweight” rating in a report on Monday, May 18th. Raymond James Financial restated a “market perform” rating on shares of Essex Property Trust in a report on Friday, February 27th. Finally, Stifel Nicolaus upped their target price on shares of Essex Property Trust from $278.00 to $281.50 and gave the company a “hold” rating in a report on Wednesday, April 29th. Five 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 MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $283.74.
Essex Property Trust Trading Up 1.2%
NYSE ESS opened at $277.00 on Friday. The company has a market cap of $17.80 billion, a P/E ratio of 31.12, a P/E/G ratio of 11.84 and a beta of 0.71. Essex Property Trust, Inc. has a 12 month low of $238.46 and a 12 month high of $294.09. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50-day moving average of $255.60 and a 200-day moving average of $256.11.
Essex Property Trust (NYSE:ESS – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($2.31). The company had revenue of $484.76 million for the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, equities analysts predict that Essex Property Trust, Inc. will post 16.06 earnings per share for the current year.
Essex Property Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $2.59 per share. This represents a $10.36 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, June 30th. Essex Property Trust’s dividend payout ratio is presently 116.40%.
About Essex Property Trust
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.
Featured Stories
- Five stocks we like better than Essex Property Trust
- MarketBeat Week in Review – 05/18 – 05/22
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
Want to see what other hedge funds are holding ESS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Essex Property Trust, Inc. (NYSE:ESS – Free Report).
Receive News & Ratings for Essex Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essex Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.
