Andra AP fonden Raises Position in Essex Property Trust, Inc. $ESS

Andra AP fonden lifted its stake in Essex Property Trust, Inc. (NYSE:ESS) by 223.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,900 shares of the real estate investment trust’s stock after purchasing an additional 61,404 shares during the period. Andra AP fonden’s holdings in Essex Property Trust were worth $23,795,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its position in Essex Property Trust by 57.5% during the third 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 lifted 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 valued at $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 2nd quarter valued at about $48,000. SJS Investment Consulting Inc. bought a new position in shares of Essex Property Trust during the 3rd quarter valued at approximately $48,000. Finally, MUFG Securities EMEA plc purchased a new stake in Essex Property Trust in the 2nd quarter worth approximately $54,000. 96.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Essex Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Mizuho raised their price objective on shares of Essex Property Trust from $275.00 to $284.00 and gave the company an “outperform” rating in a research report on Monday, November 24th. Wells Fargo & Company dropped their target price on shares of 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. Evercore cut their price target on Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating for the company in a research note on Monday, November 3rd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $290.00 price objective on shares of Essex Property Trust in a research report on Monday, February 9th. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $283.87.

Essex Property Trust Stock Down 2.8%

Shares of NYSE ESS opened at $255.30 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.18 and a debt-to-equity ratio of 1.19. Essex Property Trust, Inc. has a 12-month low of $243.25 and a 12-month high of $316.29. The firm’s 50-day moving average price is $255.60 and its 200-day moving average price is $259.09. The stock has a market capitalization of $16.46 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 8.26 and a beta of 0.74.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $3.98 EPS for the quarter, missing the consensus estimate of $4.00 by ($0.02). Essex Property Trust had a return on equity of 11.61% and a net margin of 35.48%.The company had revenue of $479.63 million during the quarter, compared to analysts’ expectations of $474.66 million. During the same quarter in the prior year, the business posted $3.92 EPS. 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. On average, equities research analysts anticipate that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $2.59 dividend. This is a boost from Essex Property Trust’s previous quarterly dividend of $2.57. This represents a $10.36 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, March 31st. Essex Property Trust’s dividend payout ratio is 98.75%.

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.