SG Americas Securities LLC Boosts Stake in Essex Property Trust, Inc. $ESS

SG Americas Securities LLC lifted its position in Essex Property Trust, Inc. (NYSE:ESS) by 472.8% in the third quarter, Holdings Channel reports. The firm owned 48,472 shares of the real estate investment trust’s stock after acquiring an additional 40,010 shares during the period. SG Americas Securities LLC’s holdings in Essex Property Trust were worth $12,974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in ESS. Vanguard Group Inc. boosted its holdings in shares of Essex Property Trust by 0.5% in the second quarter. Vanguard Group Inc. now owns 10,493,313 shares of the real estate investment trust’s stock valued at $2,973,805,000 after acquiring an additional 53,039 shares during the period. State Street Corp increased its holdings in shares of Essex Property Trust by 2.5% in the 2nd quarter. State Street Corp now owns 5,388,169 shares of the real estate investment trust’s stock valued at $1,540,570,000 after acquiring an additional 129,806 shares during the period. Valeo Financial Advisors LLC raised its position in Essex Property Trust by 151,452.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust’s stock valued at $843,969,000 after purchasing an additional 2,976,047 shares during the last quarter. Geode Capital Management LLC boosted its stake in Essex Property Trust by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,825,007 shares of the real estate investment trust’s stock worth $515,226,000 after purchasing an additional 23,565 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in Essex Property Trust by 48.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,056,887 shares of the real estate investment trust’s stock worth $299,522,000 after purchasing an additional 344,287 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Essex Property Trust Trading Up 2.3%

NYSE ESS opened at $256.93 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $16.55 billion, a P/E ratio of 19.52, a P/E/G ratio of 5.98 and a beta of 0.73. Essex Property Trust, Inc. has a 52-week low of $243.25 and a 52-week high of $316.29. The firm has a 50-day moving average price of $258.13 and a 200 day moving average price of $265.27.

Essex Property Trust (NYSE:ESS) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share (EPS) 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 14.68% and a net margin of 45.46%.During the same quarter in the previous year, the firm posted $3.91 EPS. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS and its FY 2025 guidance at 15.890-15.990 EPS. Equities research 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 disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be given a $2.57 dividend. The ex-dividend date is Friday, January 2nd. This represents a $10.28 annualized dividend and a yield of 4.0%. Essex Property Trust’s dividend payout ratio is presently 78.12%.

Wall Street Analyst Weigh In

A number of research analysts have commented on ESS shares. Evercore ISI dropped their price objective on shares of Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating on the stock in a research note on Monday, November 3rd. Cantor Fitzgerald reissued an “overweight” rating and set a $290.00 price target on shares of Essex Property Trust in a report on Monday. UBS Group boosted their price target on Essex Property Trust from $267.00 to $274.00 and gave the company a “neutral” rating in a research report on Thursday. Wells Fargo & Company reduced their price objective on Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Essex Property Trust in a research report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $289.41.

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.