Daiwa Securities Group Inc. Has $289.41 Million Stake in Essex Property Trust, Inc. $ESS

Daiwa Securities Group Inc. trimmed its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 4.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,105,973 shares of the real estate investment trust’s stock after selling 51,644 shares during the period. Essex Property Trust accounts for 0.9% of Daiwa Securities Group Inc.’s holdings, making the stock its 21st biggest position. Daiwa Securities Group Inc.’s holdings in Essex Property Trust were worth $289,411,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ESS. Generali Asset Management SPA SGR bought a new stake in Essex Property Trust during the fourth quarter worth $29,000. Hantz Financial Services Inc. grew its holdings in Essex Property Trust by 57.5% during the third quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 42 shares in the last quarter. True Wealth Design LLC grew its holdings in Essex Property Trust by 120.0% during the fourth quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 96 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in Essex Property Trust during the second quarter worth $54,000. Finally, Advisory Services Network LLC bought a new stake in Essex Property Trust during the third quarter worth $51,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ESS has been the subject of several recent research reports. Robert W. Baird upped their price target on Essex Property Trust from $279.00 to $281.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Piper Sandler upgraded Essex Property Trust from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $275.00 to $310.00 in a report on Monday, May 4th. Evercore upgraded Essex Property Trust from a “cautious” rating to an “outperform” rating and set a $295.00 price target for the company in a report on Monday. UBS Group upped their price target on Essex Property Trust from $274.00 to $278.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Barclays upped their price target on Essex Property Trust from $272.00 to $277.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Essex Property Trust has an average rating of “Hold” and a consensus price target of $286.97.

Essex Property Trust Stock Up 2.4%

Shares of NYSE:ESS opened at $284.51 on Friday. The company has a market capitalization of $18.28 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 12.00 and a beta of 0.72. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.98 and a quick ratio of 0.98. The business has a fifty day moving average price of $261.15 and a two-hundred day moving average price of $257.40. Essex Property Trust, Inc. has a 1 year low of $238.46 and a 1 year high of $294.09.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). The business had revenue of $484.76 million during the quarter, compared to the consensus estimate of $479.89 million. Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. During the same quarter last year, the company earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Analysts forecast that Essex Property Trust, Inc. will post 16.08 earnings per share for the current year.

Essex Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $2.59 dividend. This represents a $10.36 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, June 30th. Essex Property Trust’s dividend payout ratio is 116.40%.

Insider Transactions at Essex Property Trust

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total value of $167,670.00. Following the completion of the transaction, the director owned 2,394 shares in the company, valued at $669,003.30. This represents a 20.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.47% of the stock is owned by company insiders.

Essex Property Trust Company 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.