Bank of New York Mellon Corp Has $122.31 Million Holdings in Essex Property Trust, Inc. $ESS

Bank of New York Mellon Corp increased its stake in Essex Property Trust, Inc. (NYSE:ESS) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 467,394 shares of the real estate investment trust’s stock after buying an additional 38,528 shares during the quarter. Bank of New York Mellon Corp’s holdings in Essex Property Trust were worth $122,308,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Essex Property Trust by 1.2% during 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 buying an additional 22,835 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Essex Property Trust by 21.9% during 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 buying an additional 301,349 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Essex Property Trust by 9.5% during 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 buying an additional 100,730 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Essex Property Trust by 3.2% during 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 buying an additional 29,466 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Essex Property Trust by 0.6% during 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 buying an additional 5,483 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

ESS has been the subject of a number of research reports. 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. Evercore upgraded Essex Property Trust from a “cautious” rating to an “outperform” rating and set a $295.00 price target on the stock in a research report on Monday, June 1st. Wall Street Zen upgraded Essex Property Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Morgan Stanley set a $293.00 price target on Essex Property Trust in a research report on Friday, May 15th. Finally, Royal Bank Of Canada raised their price target on Essex Property Trust from $282.00 to $288.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Essex Property Trust currently has an average rating of “Hold” and an average target price of $286.97.

Essex Property Trust Stock Performance

NYSE:ESS opened at $285.78 on Friday. The stock has a market cap of $18.36 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 12.33 and a beta of 0.72. 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’s 50-day moving average is $262.02 and its 200-day moving average is $257.60. Essex Property Trust, Inc. has a 1-year low of $238.46 and a 1-year high of $294.09.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($2.31). The firm had revenue of $484.76 million for the quarter, compared to the consensus estimate 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 last year, the firm posted $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Equities research analysts anticipate that Essex Property Trust, Inc. will post 16.08 earnings per share for the current year.

Essex Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $2.59 per share. This represents a $10.36 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, June 30th. Essex Property Trust’s payout ratio is 116.40%.

Insider Buying and Selling at Essex Property Trust

In other news, Director Mary Kasaris sold 600 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total transaction of $167,670.00. Following the sale, the director directly owned 2,394 shares in the company, valued at approximately $669,003.30. The trade was a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.47% of the company’s stock.

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.