Essex Property Trust (NYSE:ESS) Stock Unloaded Rep. Rick Larsen

Representative Rick Larsen (D-Washington) recently sold shares of Essex Property Trust, Inc. (NYSE:ESS). In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Essex Property Trust stock on January 7th. The trade occurred in the Representative’s “RICHARD R LARSEN IRA” account.

Representative Rick Larsen also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Verisk Analytics (NASDAQ:VRSK) on 1/7/2026.
• Purchased $1,001 – $15,000 in shares of Darden Restaurants (NYSE:DRI) on 1/7/2026.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 1/7/2026.
• Sold $1,001 – $15,000 in shares of Mondelez International (NASDAQ:MDLZ) on 1/7/2026.
• Purchased $1,001 – $15,000 in shares of Waste Management (NYSE:WM) on 1/7/2026.

Essex Property Trust Trading Up 0.1%

Shares of ESS stock opened at $253.49 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a fifty day simple moving average of $257.70 and a two-hundred day simple moving average of $264.09. The firm has a market capitalization of $16.32 billion, a PE ratio of 19.26, a PEG ratio of 6.03 and a beta of 0.73. Essex Property Trust, Inc. has a 52-week low of $243.25 and a 52-week high of $316.29.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $3.97 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 for the quarter, compared to the consensus estimate of $472.11 million. During the same period in the previous year, the business earned $3.91 earnings per share. 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. On average, analysts predict that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays reiterated a “positive” rating and set a $292.00 price objective on shares of Essex Property Trust in a research report on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $290.00 target price on shares of Essex Property Trust in a research note on Monday, January 5th. UBS Group boosted their price target on shares of Essex Property Trust from $267.00 to $274.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Mizuho increased their price objective on shares of Essex Property Trust from $275.00 to $284.00 and gave the company an “outperform” rating in a report on Monday, November 24th. Finally, Truist Financial cut their price objective on Essex Property Trust from $283.00 to $273.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Seven equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $287.22.

Hedge Funds Weigh In On Essex Property Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Valeo Financial Advisors LLC raised its holdings in shares of 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 buying an additional 2,976,047 shares during the period. Norges Bank bought a new position in Essex Property Trust in the 2nd quarter valued at $239,442,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Essex Property Trust by 973.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 743,954 shares of the real estate investment trust’s stock worth $199,127,000 after purchasing an additional 674,617 shares during the last quarter. Centersquare Investment Management LLC lifted its position in shares of Essex Property Trust by 473.5% during the third quarter. Centersquare Investment Management LLC now owns 516,756 shares of the real estate investment trust’s stock worth $138,315,000 after purchasing an additional 426,650 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Essex Property Trust by 48.3% during the second quarter. Daiwa Securities Group Inc. now owns 1,056,887 shares of the real estate investment trust’s stock valued at $299,522,000 after purchasing an additional 344,287 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington’s 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2027.

Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington’s 2nd Congressional District. He declared candidacy for the 2026 election.

Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure.

Larsen’s first position as an elected official was in 1998 as a member of the Snohomish County Council.

Larsen earned his bachelor’s degree from Pacific Lutheran University. After earning his master’s degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

About Essex Property Trust

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.