Forsta AP Fonden Purchases 4,800 Shares of Essex Property Trust, Inc. $ESS

Forsta AP Fonden grew its position in Essex Property Trust, Inc. (NYSE:ESS) by 40.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,600 shares of the real estate investment trust’s stock after acquiring an additional 4,800 shares during the quarter. Forsta AP Fonden’s holdings in Essex Property Trust were worth $4,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ESS. Valeo Financial Advisors LLC increased its position in Essex Property Trust by 151,452.8% in the second quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust’s stock worth $843,969,000 after purchasing an additional 2,976,047 shares during the last quarter. Wealthquest Corp bought a new stake in shares of Essex Property Trust in the 1st quarter worth about $384,606,000. Price T Rowe Associates Inc. MD raised its position in shares of Essex Property Trust by 66.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,746,242 shares of the real estate investment trust’s stock valued at $841,916,000 after buying an additional 1,096,619 shares in the last quarter. Resolution Capital Ltd raised its position in shares of Essex Property Trust by 59.0% during the 1st quarter. Resolution Capital Ltd now owns 821,968 shares of the real estate investment trust’s stock valued at $251,991,000 after buying an additional 304,936 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Essex Property Trust in the 1st quarter valued at about $91,014,000. 96.51% of the stock is currently owned by institutional investors.

Essex Property Trust Stock Performance

ESS stock opened at $254.49 on Friday. Essex Property Trust, Inc. has a twelve month low of $243.25 and a twelve month high of $316.29. The firm has a market cap of $16.39 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 6.00 and a beta of 0.82. The business’s fifty day simple moving average is $261.53 and its two-hundred day simple moving average is $271.75. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.16.

Essex Property Trust (NYSE:ESS) last posted 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 firm had revenue of $473.30 million for the quarter, compared to analysts’ expectations of $472.11 million. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.70%. During the same period in the prior year, the business posted $3.91 earnings per share. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS. FY 2025 guidance at 15.890-15.990 EPS. Analysts predict that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Essex Property Trust Dividend Announcement

The company 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. The ex-dividend date was Tuesday, September 30th. This represents a $10.28 dividend on an annualized basis and a dividend yield of 4.0%. Essex Property Trust’s payout ratio is presently 78.12%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Cantor Fitzgerald began coverage on Essex Property Trust in a research report on Wednesday, October 1st. They set an “overweight” rating and a $300.00 price objective on the stock. BNP Paribas Exane downgraded Essex Property Trust from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Truist Financial lowered their price target on Essex Property Trust from $295.00 to $283.00 and set a “hold” rating for the company in a research report on Tuesday, August 12th. Morgan Stanley dropped their price objective on shares of Essex Property Trust from $304.00 to $285.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 13th. Finally, Barclays reduced their target price on shares of Essex Property Trust from $298.00 to $297.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 30th. Seven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.