Cbre Investment Management Listed Real Assets LLC trimmed its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS – Free Report) by 50.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,350 shares of the real estate investment trust’s stock after selling 66,748 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Essex Property Trust were worth $16,839,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. New Mexico Educational Retirement Board boosted its position in Essex Property Trust by 3.4% during the 4th quarter. New Mexico Educational Retirement Board now owns 3,000 shares of the real estate investment trust’s stock worth $785,000 after purchasing an additional 100 shares during the period. Peapack Gladstone Financial Corp boosted its position in Essex Property Trust by 1.8% during the 4th quarter. Peapack Gladstone Financial Corp now owns 14,737 shares of the real estate investment trust’s stock worth $3,857,000 after purchasing an additional 261 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Essex Property Trust by 2.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 255,533 shares of the real estate investment trust’s stock worth $66,868,000 after purchasing an additional 6,422 shares during the period. MUFG Securities EMEA plc boosted its position in Essex Property Trust by 114.4% during the 4th quarter. MUFG Securities EMEA plc now owns 2,643 shares of the real estate investment trust’s stock worth $692,000 after purchasing an additional 1,410 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Essex Property Trust by 29.3% during the 4th quarter. BNP Paribas Financial Markets now owns 160,122 shares of the real estate investment trust’s stock worth $41,901,000 after purchasing an additional 36,293 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. UBS Group upped their price target on shares of Essex Property Trust from $274.00 to $278.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Barclays upped their price target on shares of Essex Property Trust from $272.00 to $277.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Evercore raised shares of Essex Property Trust from a “cautious” rating to an “outperform” rating and set a $295.00 price objective for the company in a research report on Monday. Raymond James Financial reissued a “market perform” rating on shares of Essex Property Trust in a research report on Friday, February 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Essex Property Trust from $272.00 to $275.00 and gave the company an “underweight” rating in a research report on Monday, May 18th. Six research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $286.97.
Insider Activity at Essex Property Trust
In other news, Director Mary Kasaris sold 600 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total transaction of $167,670.00. Following the transaction, the director owned 2,394 shares of the company’s stock, valued at approximately $669,003.30. This trade represents a 20.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.47% of the company’s stock.
Essex Property Trust Stock Performance
Shares of ESS stock opened at $277.53 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.98 and a current ratio of 0.98. Essex Property Trust, Inc. has a one year low of $238.46 and a one year high of $294.09. The company’s 50-day simple moving average is $258.88 and its 200-day simple moving average is $256.85. The stock has a market capitalization of $17.83 billion, a price-to-earnings ratio of 31.18, a PEG ratio of 11.78 and a beta of 0.72.
Essex Property Trust (NYSE:ESS – Get Free Report) last issued 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). Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.The company had revenue of $484.76 million for the quarter, compared to the consensus estimate of $479.89 million. During the same period in the previous year, the business posted $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Equities analysts anticipate that Essex Property Trust, Inc. will post 16.08 earnings per share for the current fiscal year.
Essex Property Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $2.59 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $10.36 annualized dividend and a dividend yield of 3.7%. Essex Property Trust’s dividend payout ratio (DPR) is presently 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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