Essex Property Trust, Inc. $ESS Shares Bought by Tobam

Tobam boosted its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 672.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,433 shares of the real estate investment trust’s stock after purchasing an additional 2,118 shares during the period. Tobam’s holdings in Essex Property Trust were worth $637,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Nemes Rush Group LLC purchased a new position in shares of Essex Property Trust in the fourth quarter worth $27,000. Generali Asset Management SPA SGR acquired a new stake in shares of Essex Property Trust during the fourth quarter worth $29,000. True Wealth Design LLC grew its holdings in shares of 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 valued at $46,000 after buying an additional 96 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Essex Property Trust during the second quarter valued at $54,000. Finally, Advisory Services Network LLC acquired a new position in shares of Essex Property Trust in the 3rd quarter valued at $51,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity

In other news, Director Mary Kasaris sold 600 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $669,003.30. The trade was a 20.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada raised their target price on Essex Property Trust from $282.00 to $288.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Raymond James Financial reiterated a “market perform” rating on shares of Essex Property Trust in a research note on Friday, February 27th. Wall Street Zen lowered Essex Property Trust from a “hold” rating to a “sell” rating in a report on Sunday. JPMorgan Chase & Co. raised their price objective on Essex Property Trust from $272.00 to $275.00 and gave the stock an “underweight” rating in a research note on Monday, May 18th. Finally, Robert W. Baird lifted their target price on Essex Property Trust from $279.00 to $281.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $289.62.

Essex Property Trust Stock Up 0.1%

NYSE:ESS opened at $274.11 on Friday. 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 company’s fifty day moving average price is $268.92 and its 200-day moving average price is $259.09. Essex Property Trust, Inc. has a 1-year low of $238.46 and a 1-year high of $294.09. The firm has a market capitalization of $17.61 billion, a P/E ratio of 30.80, a PEG ratio of 11.82 and a beta of 0.72.

Essex Property Trust (NYSE:ESS) last posted its earnings results 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). Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. The business had revenue of $484.76 million for the quarter, compared to analyst estimates of $479.89 million. During the same quarter in the prior year, the firm earned $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, equities research analysts anticipate that Essex Property Trust, Inc. will post 16.08 EPS for the current year.

Essex Property Trust Announces Dividend

The business 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 dividend of $2.59 per share. The ex-dividend date is Tuesday, June 30th. This represents a $10.36 dividend on an annualized basis and a dividend yield of 3.8%. Essex Property Trust’s dividend payout ratio (DPR) is presently 116.40%.

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.