Essex Property Trust, Inc. $ESS Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 20.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,604 shares of the real estate investment trust’s stock after selling 3,428 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Essex Property Trust were worth $3,687,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Woodline Partners LP acquired a new position in shares of Essex Property Trust in the first quarter worth $1,664,000. Focus Partners Wealth purchased a new stake in Essex Property Trust during the 1st quarter worth about $223,000. Geneos Wealth Management Inc. increased its position in Essex Property Trust by 19.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 387 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 64 shares in the last quarter. Inspire Investing LLC raised its stake in Essex Property Trust by 11.9% in the 1st quarter. Inspire Investing LLC now owns 1,017 shares of the real estate investment trust’s stock valued at $312,000 after purchasing an additional 108 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Essex Property Trust by 3.7% in the 1st quarter. Voya Investment Management LLC now owns 37,011 shares of the real estate investment trust’s stock valued at $11,346,000 after purchasing an additional 1,313 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ESS has been the subject of a number of recent research reports. Barclays lowered their price target on shares of Essex Property Trust from $297.00 to $290.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. BNP Paribas lowered shares of Essex Property Trust from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. BMO Capital Markets cut shares of Essex Property Trust from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $305.00 to $280.00 in a research note on Friday. Scotiabank reduced their price target on Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, November 4th. Finally, BNP Paribas Exane cut Essex Property Trust from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Six research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $287.09.

Essex Property Trust Stock Performance

Shares of ESS stock opened at $250.24 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 5.98 and a beta of 0.73. Essex Property Trust, Inc. has a one year low of $243.25 and a one year high of $316.29. The company has a 50 day moving average price of $258.03 and a 200 day moving average price of $264.48.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.01. The company had revenue of $473.30 million during the quarter, compared to analysts’ expectations of $472.11 million. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.68%. During the same period in the previous year, the company earned $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. Sell-side analysts anticipate that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be issued a $2.57 dividend. This represents a $10.28 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, January 2nd. Essex Property Trust’s dividend payout ratio (DPR) is 78.12%.

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.