Essex Property Trust, Inc. $ESS Shares Purchased by Strs Ohio

Strs Ohio grew its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 29.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 95,042 shares of the real estate investment trust’s stock after buying an additional 21,501 shares during the period. Strs Ohio’s holdings in Essex Property Trust were worth $25,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Richardson Financial Services Inc. lifted its holdings in shares of 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 buying an additional 75 shares during the period. Princeton Global Asset Management LLC purchased a new position in Essex Property Trust in the second quarter worth $34,000. Tobam lifted its holdings in Essex Property Trust by 167.3% in the second quarter. Tobam now owns 131 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 82 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in Essex Property Trust in the second quarter valued at $44,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Essex Property Trust during the 2nd quarter worth $48,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $290.00 price target on shares of Essex Property Trust in a report on Monday, January 5th. Mizuho upped their target price on shares of Essex Property Trust from $275.00 to $284.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. Truist Financial reduced their price target on shares of Essex Property Trust from $283.00 to $273.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. BNP Paribas Exane cut Essex Property Trust from an “outperform” rating to a “hold” rating in a report on Monday, September 29th. Finally, Barclays reaffirmed a “positive” rating and issued a $292.00 price objective on shares of Essex Property Trust in a research note on Tuesday, January 13th. Six research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Essex Property Trust has an average rating of “Hold” and an average target price of $285.70.

Essex Property Trust Trading Up 0.5%

Shares of ESS opened at $254.19 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.18 and a quick ratio of 1.18. Essex Property Trust, Inc. has a 1-year low of $243.25 and a 1-year high of $316.29. The stock has a market cap of $16.37 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 6.03 and a beta of 0.73. The firm has a 50 day simple moving average of $257.53 and a 200-day simple moving average of $262.93.

Essex Property Trust (NYSE:ESS) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.01. The firm had revenue of $473.30 million for the quarter, compared to analysts’ expectations of $472.11 million. Essex Property Trust had a return on equity of 14.68% and a net margin of 45.46%.During the same quarter in the prior year, the firm 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. Equities analysts forecast that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Friday, January 2nd were paid a $2.57 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $10.28 annualized dividend and a yield of 4.0%. Essex Property Trust’s payout ratio is presently 78.12%.

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.