Swiss Life Asset Management Ltd Sells 12,674 Shares of Essex Property Trust, Inc. $ESS

Swiss Life Asset Management Ltd reduced its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 45.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,228 shares of the real estate investment trust’s stock after selling 12,674 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Essex Property Trust were worth $3,985,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Generali Asset Management SPA SGR purchased a new stake in shares of Essex Property Trust during the fourth quarter worth $29,000. Hantz Financial Services Inc. grew its position in shares of Essex Property Trust by 57.5% in the third quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 42 shares in the last quarter. True Wealth Design LLC grew its position in shares of Essex Property Trust by 120.0% in the fourth quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 96 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Essex Property Trust during the 2nd quarter valued at $54,000. Finally, Advisory Services Network LLC bought a new stake in shares of Essex Property Trust during the 3rd quarter valued at $51,000. 96.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ESS has been the subject of several analyst reports. Wall Street Zen upgraded Essex Property Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Cantor Fitzgerald upped their price target on Essex Property Trust from $290.00 to $291.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Scotiabank increased their price target on shares of Essex Property Trust from $278.00 to $282.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank Of Canada boosted their price objective on shares of Essex Property Trust from $282.00 to $288.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Essex Property Trust in a report on Friday, February 27th. Five research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Essex Property Trust presently has a consensus rating of “Hold” and an average price target of $283.78.

Essex Property Trust Stock Performance

NYSE:ESS opened at $268.28 on Friday. The stock has a market cap of $17.24 billion, a P/E ratio of 30.14, a PEG ratio of 11.77 and a beta of 0.71. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.22. The business’s 50-day moving average price is $253.43 and its two-hundred day moving average price is $255.32. Essex Property Trust, Inc. has a twelve month low of $238.46 and a twelve month high of $294.09.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings data 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). The business had revenue of $484.76 million for the quarter, compared to analysts’ expectations of $479.89 million. Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.During the same period in the previous year, the firm posted $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, equities analysts predict that Essex Property Trust, Inc. will post 16.04 EPS for the current fiscal year.

Essex Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $2.59 per share. This is an increase from Essex Property Trust’s previous quarterly dividend of $2.57. The ex-dividend date was Tuesday, March 31st. This represents a $10.36 annualized dividend and a dividend yield of 3.9%. Essex Property Trust’s dividend payout ratio is 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.