Saudi Central Bank Acquires 2,136 Shares of Essex Property Trust, Inc. $ESS

Saudi Central Bank boosted its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 89.9% in the second quarter, Holdings Channel reports. The institutional investor owned 4,513 shares of the real estate investment trust’s stock after purchasing an additional 2,136 shares during the period. Saudi Central Bank’s holdings in Essex Property Trust were worth $1,316,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Nemes Rush Group LLC purchased a new stake in Essex Property Trust during the 4th quarter valued at about $27,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Essex Property Trust in the first quarter worth approximately $38,000. Western Wealth Management LLC bought a new position in shares of Essex Property Trust in the first quarter worth approximately $44,000. Elevation Wealth Partners LLC grew its holdings in shares of Essex Property Trust by 523.1% during the second quarter. Elevation Wealth Partners LLC now owns 162 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 136 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Essex Property Trust by 67.8% during the fourth quarter. Hantz Financial Services Inc. now owns 193 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 78 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ESS. Raymond James Financial upgraded Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 target price on the stock in a research note on Friday, June 26th. Jefferies Financial Group raised Essex Property Trust to a “strong-buy” rating in a report on Wednesday, July 22nd. Morgan Stanley increased their price objective on Essex Property Trust from $293.00 to $302.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Cantor Fitzgerald lifted their price objective on Essex Property Trust from $291.00 to $316.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Finally, Barclays boosted their target price on Essex Property Trust from $296.00 to $297.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $304.14.

Essex Property Trust Stock Down 0.2%

ESS stock opened at $277.92 on Wednesday. The business’s 50-day moving average price is $288.76 and its 200-day moving average price is $272.18. The stock has a market cap of $17.86 billion, a P/E ratio of 43.22, a PEG ratio of 10.19 and a beta of 0.69. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.22. Essex Property Trust, Inc. has a twelve month low of $238.46 and a twelve month high of $303.35.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $2.62. The business had revenue of $489.05 million for the quarter, compared to analysts’ expectations of $485.12 million. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.During the same period last year, the firm earned $4.03 earnings per share. Essex Property Trust has set its Q3 2026 guidance at 3.930-4.050 EPS and its FY 2026 guidance at 16.030-16.250 EPS. On average, equities research analysts forecast that Essex Property Trust, Inc. will post 16.18 EPS for the current year.

Essex Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $2.59 per share. This represents a $10.36 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, September 30th. Essex Property Trust’s dividend payout ratio is currently 161.12%.

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.