Rhumbline Advisers Sells 5,126 Shares of Essex Property Trust, Inc. $ESS

Rhumbline Advisers trimmed its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,448 shares of the real estate investment trust’s stock after selling 5,126 shares during the period. Rhumbline Advisers’ holdings in Essex Property Trust were worth $35,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ESS. Woodline Partners LP purchased a new position in shares of Essex Property Trust in the first quarter valued at $1,664,000. Focus Partners Wealth bought a new position in Essex Property Trust in the 1st quarter worth about $223,000. Concurrent Investment Advisors LLC grew its holdings in Essex Property Trust by 2.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,967 shares of the real estate investment trust’s stock valued at $557,000 after buying an additional 56 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Essex Property Trust by 158.2% during the second quarter. Sequoia Financial Advisors LLC now owns 2,009 shares of the real estate investment trust’s stock valued at $569,000 after buying an additional 1,231 shares during the period. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Essex Property Trust in the second quarter worth about $209,000. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust Stock Performance

NYSE ESS opened at $251.34 on Friday. The company has a market capitalization of $16.19 billion, a P/E ratio of 24.14, a P/E/G ratio of 7.89 and a beta of 0.74. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.18 and a current ratio of 1.18. Essex Property Trust, Inc. has a 52-week low of $243.25 and a 52-week high of $316.29. The company has a fifty day moving average of $255.79 and a 200-day moving average of $259.19.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $3.98 earnings per share for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.02). Essex Property Trust had a net margin of 35.48% and a return on equity of 11.61%. The firm had revenue of $479.63 million for the quarter, compared to analysts’ expectations of $474.66 million. During the same quarter in the previous year, the business earned $3.92 EPS. Essex Property Trust has set its FY 2026 guidance at 15.690-16.190 EPS and its Q1 2026 guidance at 3.890-4.010 EPS. As a group, equities research analysts predict that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were given a dividend of $2.57 per share. This represents a $10.28 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Friday, January 2nd. Essex Property Trust’s dividend payout ratio (DPR) is presently 98.75%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. BMO Capital Markets cut shares of Essex Property Trust from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $305.00 to $280.00 in a research note on Friday, January 9th. Cantor Fitzgerald reissued an “overweight” rating and issued a $290.00 price target on shares of Essex Property Trust in a report on Monday, February 9th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $282.00 price target (down previously from $304.00) on shares of Essex Property Trust in a report on Monday, December 15th. Evercore dropped their price objective on Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating for the company in a research note on Monday, November 3rd. Finally, Wall Street Zen cut Essex Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Six investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Essex Property Trust presently has an average rating of “Hold” and a consensus price target of $283.87.

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.