Essex Property Trust, Inc. $ESS Shares Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. increased its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 64.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,554 shares of the real estate investment trust’s stock after acquiring an additional 1,000 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Essex Property Trust were worth $724,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Essex Property Trust by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 10,440,274 shares of the real estate investment trust’s stock worth $3,200,675,000 after purchasing an additional 87,117 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Essex Property Trust by 151,452.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust’s stock valued at $843,969,000 after purchasing an additional 2,976,047 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Essex Property Trust by 66.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,746,242 shares of the real estate investment trust’s stock worth $841,916,000 after buying an additional 1,096,619 shares in the last quarter. Wealthquest Corp acquired a new stake in Essex Property Trust during the first quarter valued at $384,606,000. Finally, Northern Trust Corp grew its position in Essex Property Trust by 10.6% during the first quarter. Northern Trust Corp now owns 1,247,133 shares of the real estate investment trust’s stock valued at $382,334,000 after buying an additional 119,303 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Essex Property Trust Price Performance

Shares of Essex Property Trust stock opened at $261.69 on Wednesday. The stock has a market capitalization of $16.85 billion, a P/E ratio of 19.89, a PEG ratio of 6.00 and a beta of 0.82. The business has a 50 day simple moving average of $262.15 and a two-hundred day simple moving average of $272.16. Essex Property Trust, Inc. has a 12 month low of $243.25 and a 12 month high of $316.29. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.09.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.01. Essex Property Trust had a return on equity of 14.70% and a net margin of 45.46%.The company had revenue of $473.30 million for the quarter, compared to analyst estimates of $472.11 million. During the same quarter last year, the firm posted $3.91 EPS. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS. FY 2025 guidance at 15.890-15.990 EPS. As a group, analysts predict that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $2.57 dividend. This represents a $10.28 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Essex Property Trust’s dividend payout ratio (DPR) is currently 78.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of Essex Property Trust from $295.00 to $267.00 and set a “neutral” rating on the stock in a research note on Monday. Scotiabank reduced their price target on Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating for the company in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Essex Property Trust in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on Essex Property Trust from $306.00 to $307.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus upped their target price on Essex Property Trust from $301.50 to $305.50 and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $292.53.

About Essex Property Trust

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.