OVERSEA CHINESE BANKING Corp Ltd Reduces Holdings in Essex Property Trust, Inc. $ESS

OVERSEA CHINESE BANKING Corp Ltd decreased its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 74.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,758 shares of the real estate investment trust’s stock after selling 25,127 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Essex Property Trust were worth $2,344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. grew its position in Essex Property Trust by 300.0% in the 2nd quarter. Richardson Financial Services Inc. now owns 100 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 75 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in Essex Property Trust during the 2nd quarter valued at about $34,000. Tobam boosted its position in Essex Property Trust by 167.3% in the 2nd quarter. Tobam now owns 131 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 82 shares during the period. Trust Co. of Toledo NA OH bought a new position in Essex Property Trust in the 2nd quarter worth about $44,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Essex Property Trust during the second quarter worth approximately $48,000. 96.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ESS has been the subject of several research reports. Wells Fargo & Company lowered their target price on Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Truist Financial decreased their price objective on Essex Property Trust from $283.00 to $273.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Barclays reiterated a “positive” rating and set a $292.00 target price on shares of Essex Property Trust in a report on Tuesday. Scotiabank reduced their price target on shares of Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating for the company in a report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Essex Property Trust in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, Essex Property Trust has an average rating of “Hold” and a consensus target price of $287.22.

Essex Property Trust Trading Up 0.1%

NYSE ESS opened at $253.49 on Friday. Essex Property Trust, Inc. has a 52 week low of $243.25 and a 52 week high of $316.29. The company has a 50 day moving average price of $257.70 and a 200 day moving average price of $264.09. 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 firm has a market cap of $16.32 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 6.03 and a beta of 0.73.

Essex Property Trust (NYSE:ESS) last released its quarterly 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. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.68%. The business had revenue of $473.30 million for the quarter, compared to analyst estimates of $472.11 million. During the same period in the previous year, the company earned $3.91 earnings per share. 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. As a group, sell-side analysts forecast that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

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

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.