Essex Property Trust, Inc. $ESS Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 3.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 619,245 shares of the real estate investment trust’s stock after buying an additional 17,904 shares during the quarter. ProShare Advisors LLC’s holdings in Essex Property Trust were worth $162,044,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Generali Asset Management SPA SGR acquired a new position in Essex Property Trust during the fourth quarter worth about $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 acquiring an additional 42 shares during the period. 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 acquiring an additional 96 shares during the period. MUFG Securities EMEA plc acquired a new position in Essex Property Trust during the second quarter worth about $54,000. Finally, Advisory Services Network LLC acquired a new position in Essex Property Trust during the third quarter worth about $51,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Essex Property Trust Trading Up 1.9%

NYSE:ESS opened at $272.03 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.22. 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 $17.48 billion, a price-to-earnings ratio of 30.56, a price-to-earnings-growth ratio of 11.56 and a beta of 0.71. The stock has a fifty day simple moving average of $253.92 and a 200 day simple moving average of $255.46.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share 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 company had revenue of $484.76 million during the quarter, compared to analyst estimates of $479.89 million. During the same quarter last year, the business earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Sell-side analysts forecast that Essex Property Trust, Inc. will post 16.04 earnings per share for the current year.

Essex Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $2.59 dividend. 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 116.40%.

Analyst Upgrades and Downgrades

ESS has been the topic of a number of research analyst reports. UBS Group lifted their target price on Essex Property Trust from $274.00 to $278.00 and gave the stock a “neutral” rating in a report on Thursday. Raymond James Financial reaffirmed a “market perform” rating on shares of Essex Property Trust in a report on Friday, February 27th. Wells Fargo & Company lowered their target price on Essex Property Trust from $268.00 to $262.00 and set an “equal weight” rating on the stock in a report on Thursday, April 23rd. Wall Street Zen raised Essex Property Trust from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Finally, Weiss Ratings raised Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Essex Property Trust has a consensus rating of “Hold” and an average target price of $283.74.

Essex Property Trust 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.