Amundi Raises Stock Holdings in Essex Property Trust, Inc. $ESS

Amundi raised its stake in Essex Property Trust, Inc. (NYSE:ESS) by 65.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,096 shares of the real estate investment trust’s stock after purchasing an additional 65,887 shares during the period. Amundi’s holdings in Essex Property Trust were worth $47,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ESS. WPG Advisers LLC purchased a new stake in shares of Essex Property Trust during the first quarter valued at about $31,000. Ransom Advisory Ltd purchased a new position in shares of Essex Property Trust in the 1st quarter worth approximately $31,000. Richardson Financial Services Inc. raised its stake in shares of Essex Property Trust by 300.0% during the 2nd quarter. Richardson Financial Services Inc. now owns 100 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 75 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Essex Property Trust during the first quarter valued at approximately $34,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in Essex Property Trust in the first quarter valued at approximately $35,000. 96.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on ESS shares. Evercore ISI dropped their target price on Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating on the stock in a research note on Monday, November 3rd. Wells Fargo & Company lowered their price target on Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Truist Financial decreased their price objective on shares of 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. Mizuho lifted their target price on shares of Essex Property Trust from $275.00 to $284.00 and gave the stock an “outperform” rating in a research note on Monday, November 24th. Finally, BNP Paribas downgraded shares of Essex Property Trust from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $291.53.

Essex Property Trust Price Performance

NYSE:ESS opened at $252.00 on Wednesday. The firm’s fifty day moving average is $258.57 and its two-hundred day moving average is $268.65. The firm has a market cap of $16.23 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 6.12 and a beta of 0.72. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.18 and a current ratio of 1.18. Essex Property Trust, Inc. has a one year low of $243.25 and a one year high of $316.29.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.01. Essex Property Trust had a return on equity of 14.68% and a net margin of 45.46%.The business had revenue of $473.30 million during the quarter, compared to analysts’ expectations of $472.11 million. During the same quarter in the previous year, the firm posted $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. Research analysts expect that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be issued a $2.57 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $10.28 dividend on an annualized basis and a yield of 4.1%. Essex Property Trust’s payout ratio is presently 78.12%.

Essex Property Trust Company Profile

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.