Allstate Corp Has $2.39 Million Stake in Essex Property Trust, Inc. $ESS

Allstate Corp increased its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 78.7% during the fourth quarter, HoldingsChannel reports. The fund owned 9,113 shares of the real estate investment trust’s stock after buying an additional 4,013 shares during the period. Allstate Corp’s holdings in Essex Property Trust were worth $2,385,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ESS. Principal Financial Group Inc. raised its position in Essex Property Trust by 21.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock valued at $439,520,000 after buying an additional 301,349 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Essex Property Trust by 9.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 1,157,617 shares of the real estate investment trust’s stock valued at $309,848,000 after buying an additional 100,730 shares during the last quarter. Legal & General Group Plc raised its position in Essex Property Trust by 3.2% in the 4th quarter. Legal & General Group Plc now owns 950,748 shares of the real estate investment trust’s stock valued at $248,792,000 after buying an additional 29,466 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Essex Property Trust by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 929,187 shares of the real estate investment trust’s stock valued at $248,703,000 after buying an additional 5,483 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Essex Property Trust by 3.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 882,010 shares of the real estate investment trust’s stock valued at $233,668,000 after buying an additional 32,981 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ESS has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of Essex Property Trust from $268.00 to $262.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 23rd. Robert W. Baird lifted their price target on shares of Essex Property Trust from $279.00 to $281.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. UBS Group boosted their price target on Essex Property Trust from $274.00 to $278.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Barclays boosted their price target on Essex Property Trust from $272.00 to $277.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Finally, Wall Street Zen raised Essex Property Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $284.50.

Essex Property Trust Stock Down 0.2%

ESS stock opened at $276.22 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $17.75 billion, a PE ratio of 31.04, a PEG ratio of 11.97 and a beta of 0.71. Essex Property Trust, Inc. has a 1-year low of $238.46 and a 1-year high of $294.09. The business’s 50 day simple moving average is $257.73 and its 200 day simple moving average is $256.65.

Essex Property Trust (NYSE:ESS) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.The business had revenue of $484.76 million for the quarter, compared to analyst estimates of $479.89 million. During the same period in the previous year, the firm posted $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, research analysts anticipate that Essex Property Trust, Inc. will post 16.06 EPS for the current year.

Essex Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $2.59 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $10.36 dividend on an annualized basis and a yield of 3.8%. Essex Property Trust’s dividend payout ratio is 116.40%.

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.