Eurizon Capital SGR S.p.A. Purchases Shares of 3,359 Essex Property Trust, Inc. $ESS

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,359 shares of the real estate investment trust’s stock, valued at approximately $880,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of Essex Property Trust by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,873,698 shares of the real estate investment trust’s stock worth $488,601,000 after purchasing an additional 22,835 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Essex Property Trust by 21.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock worth $439,520,000 after purchasing an additional 301,349 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Essex Property Trust by 9.5% in the third quarter. Daiwa Securities Group Inc. now owns 1,157,617 shares of the real estate investment trust’s stock worth $309,848,000 after purchasing an additional 100,730 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Essex Property Trust by 3.2% in the fourth quarter. Legal & General Group Plc now owns 950,748 shares of the real estate investment trust’s stock worth $248,792,000 after purchasing an additional 29,466 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Essex Property Trust by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 929,187 shares of the real estate investment trust’s stock worth $248,703,000 after purchasing an additional 5,483 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Insider Activity

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total transaction of $167,670.00. Following the completion of the transaction, the director owned 2,394 shares in the company, valued at $669,003.30. The trade was a 20.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ESS shares. UBS Group lifted their target price on Essex Property Trust from $274.00 to $278.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Cantor Fitzgerald lifted their target price on Essex Property Trust from $290.00 to $291.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Barclays lifted their target price on Essex Property Trust from $272.00 to $277.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Raymond James Financial reaffirmed a “market perform” rating on shares of Essex Property Trust in a report on Friday, February 27th. Finally, Stifel Nicolaus lifted their price target on Essex Property Trust from $278.00 to $281.50 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Six research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Essex Property Trust currently has an average rating of “Hold” and an average price target of $286.97.

Essex Property Trust Trading Up 0.3%

ESS opened at $278.33 on Thursday. The firm has a market cap of $17.89 billion, a P/E ratio of 31.27, a P/E/G ratio of 11.99 and a beta of 0.72. Essex Property Trust, Inc. has a 12 month low of $238.46 and a 12 month high of $294.09. 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 stock has a 50-day moving average of $260.33 and a 200 day moving average of $257.19.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 EPS for the quarter, missing the consensus estimate of $3.96 by ($2.31). The company had revenue of $484.76 million during the quarter, compared to analysts’ expectations of $479.89 million. Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.During the same quarter in the prior year, the business posted $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, research analysts forecast that Essex Property Trust, Inc. will post 16.08 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 given a $2.59 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $10.36 annualized dividend and a yield of 3.7%. Essex Property Trust’s dividend payout ratio (DPR) is currently 116.40%.

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.