Essex Property Trust, Inc. $ESS Position Increased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. grew its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 5.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,087 shares of the real estate investment trust’s stock after purchasing an additional 2,309 shares during the period. Resona Asset Management Co. Ltd. owned 0.07% of Essex Property Trust worth $12,016,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ESS. Woodline Partners LP acquired a new stake in Essex Property Trust during the first quarter worth about $1,664,000. Focus Partners Wealth acquired a new position in Essex Property Trust in the first quarter valued at approximately $223,000. Park Avenue Securities LLC bought a new position in shares of Essex Property Trust during the second quarter valued at approximately $498,000. Fifth Third Bancorp raised its position in shares of Essex Property Trust by 3.9% during the 2nd quarter. Fifth Third Bancorp now owns 4,023 shares of the real estate investment trust’s stock worth $1,140,000 after purchasing an additional 152 shares during the period. Finally, Patton Fund Management Inc. acquired a new stake in shares of Essex Property Trust during the 2nd quarter worth approximately $226,000. 96.51% of the stock is currently owned by institutional investors.

Essex Property Trust Stock Performance

ESS stock opened at $254.19 on Monday. The company has a 50-day simple moving average of $257.53 and a 200 day simple moving average of $262.61. The company has a market capitalization of $16.37 billion, a P/E ratio of 19.32, a PEG ratio of 6.05 and a beta of 0.73. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.15. Essex Property Trust, Inc. has a fifty-two week low of $243.25 and a fifty-two week high of $316.29.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.01. The company had revenue of $473.30 million for the quarter, compared to the consensus estimate of $472.11 million. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.68%. During the same period in the previous 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. Sell-side analysts predict that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal year.

Essex Property Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

ESS has been the subject of a number of recent research reports. Mizuho upped their price objective on Essex Property Trust from $275.00 to $284.00 and gave the stock an “outperform” rating in a research note on Monday, November 24th. Jefferies Financial Group restated a “hold” rating and set a $282.00 price target (down previously from $304.00) on shares of Essex Property Trust in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Essex Property Trust in a report on Thursday. Truist Financial reduced their target price on shares of Essex Property Trust from $283.00 to $273.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Finally, Barclays restated a “positive” rating and issued a $292.00 target price on shares of Essex Property Trust in a research report on Tuesday, January 13th. Six research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Essex Property Trust currently has an average rating of “Hold” and a consensus target price of $285.70.

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.