Capitolis Liquid Global Markets LLC purchased a new stake in Essex Property Trust, Inc. (NYSE:ESS – Free Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 100,000 shares of the real estate investment trust’s stock, valued at approximately $26,168,000.
Several other hedge funds have also bought and sold shares of ESS. Norges Bank acquired a new stake in Essex Property Trust in the 4th quarter valued at $230,690,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Essex Property Trust by 973.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 743,954 shares of the real estate investment trust’s stock valued at $199,127,000 after buying an additional 674,617 shares during the last quarter. Centersquare Investment Management LLC raised its position in Essex Property Trust by 473.5% in the 3rd quarter. Centersquare Investment Management LLC now owns 516,756 shares of the real estate investment trust’s stock valued at $138,315,000 after buying an additional 426,650 shares during the last quarter. Principal Financial Group Inc. raised its position in Essex Property Trust by 21.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock valued at $439,520,000 after buying an additional 301,349 shares during the last quarter. Finally, Morgan Stanley raised its position in Essex Property Trust by 31.3% in the 4th quarter. Morgan Stanley now owns 958,090 shares of the real estate investment trust’s stock valued at $250,714,000 after buying an additional 228,165 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.
Insider Activity
In other news, Director Mary Kasaris sold 600 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total transaction of $167,670.00. Following the completion of the sale, the director directly owned 2,394 shares of the company’s stock, valued at $669,003.30. This trade represents a 20.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.47% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
View Our Latest Report on Essex Property Trust
Essex Property Trust Trading Down 2.2%
NYSE ESS opened at $274.37 on Thursday. Essex Property Trust, Inc. has a 12 month low of $238.46 and a 12 month high of $294.09. The firm has a market capitalization of $17.63 billion, a P/E ratio of 30.83, a PEG ratio of 12.11 and a beta of 0.72. The business has a fifty day simple moving average of $267.96 and a 200 day simple moving average of $258.91. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.22.
Essex Property Trust (NYSE:ESS – Get Free Report) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($2.31). Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. The business had revenue of $484.76 million for the quarter, compared to analysts’ expectations of $479.89 million. During the same period in the prior year, the business earned $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, analysts predict that Essex Property Trust, Inc. will post 16.08 EPS for the current fiscal year.
Essex Property Trust Dividend Announcement
The firm also recently announced 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 3.8%. Essex Property Trust’s dividend payout ratio (DPR) is currently 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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