Aew Capital Management L P Sells 32,421 Shares of Essex Property Trust, Inc. $ESS

Aew Capital Management L P lessened its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 53.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 28,660 shares of the real estate investment trust’s stock after selling 32,421 shares during the period. Aew Capital Management L P’s holdings in Essex Property Trust were worth $7,671,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. raised its position in Essex Property Trust by 57.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 42 shares in the last quarter. Tobam grew its position in shares of Essex Property Trust by 167.3% during the 2nd quarter. Tobam now owns 131 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 82 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Essex Property Trust during the second quarter valued at $48,000. SJS Investment Consulting Inc. bought a new stake in shares of Essex Property Trust in the third quarter valued at about $48,000. Finally, MUFG Securities EMEA plc purchased a new stake in Essex Property Trust in the second quarter worth about $54,000. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust Price Performance

Shares of ESS opened at $258.20 on Wednesday. The company has a 50 day moving average of $255.66 and a two-hundred day moving average of $259.04. The company has a quick ratio of 1.18, a current ratio of 1.03 and a debt-to-equity ratio of 1.19. Essex Property Trust, Inc. has a twelve month low of $243.25 and a twelve month high of $316.29. The company has a market cap of $16.65 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 8.02 and a beta of 0.74.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $3.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.02). The business had revenue of $479.63 million for the quarter, compared to analyst estimates of $474.66 million. Essex Property Trust had a return on equity of 11.61% and a net margin of 35.48%.During the same period in the previous year, the company posted $3.92 earnings per share. Essex Property Trust has set its FY 2026 guidance at 15.690-16.190 EPS and its Q1 2026 guidance at 3.890-4.010 EPS. As a group, analysts predict that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal year.

Essex Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $2.59 dividend. This is a boost from Essex Property Trust’s previous quarterly dividend of $2.57. This represents a $10.36 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Essex Property Trust’s dividend payout ratio is 98.75%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ESS. Stifel Nicolaus set a $278.00 target price on shares of Essex Property Trust in a research report on Thursday, February 5th. Jefferies Financial Group reissued a “hold” rating and set a $282.00 price objective (down from $304.00) on shares of Essex Property Trust in a report on Monday, December 15th. BMO Capital Markets lowered Essex Property Trust from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $305.00 to $280.00 in a report on Friday, January 9th. Wall Street Zen cut Essex Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Finally, UBS Group boosted their price target on Essex Property Trust from $267.00 to $274.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $283.87.

Essex Property Trust Company 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.