Arwa LLC Invests $1.24 Million in Essex Property Trust, Inc. $ESS

Arwa LLC purchased a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS) during the 4th quarter, Holdings Channel reports. The fund purchased 4,730 shares of the real estate investment trust’s stock, valued at approximately $1,238,000.

A number of other institutional investors also recently bought and sold shares of the stock. Nemes Rush Group LLC purchased a new position in Essex Property Trust during the fourth quarter worth $27,000. Generali Asset Management SPA SGR bought a new stake in shares of Essex Property Trust in the 4th quarter worth about $29,000. True Wealth Design LLC boosted its stake in shares of Essex Property Trust by 120.0% during the 4th quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 96 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Essex Property Trust by 67.8% during the 4th quarter. Hantz Financial Services Inc. now owns 193 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 78 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Essex Property Trust in the 3rd quarter worth about $51,000. 96.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Royal Bank Of Canada upped their target price on Essex Property Trust from $282.00 to $288.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Weiss Ratings raised Essex Property Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Raymond James Financial reiterated a “market perform” rating on shares of Essex Property Trust in a research note on Friday, February 27th. Truist Financial lifted their target price on Essex Property Trust from $273.00 to $286.00 and gave the stock a “hold” rating in a research report on Wednesday, May 27th. Finally, Piper Sandler raised shares of Essex Property Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $275.00 to $310.00 in a research note on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Essex Property Trust presently has a consensus rating of “Hold” and a consensus price target of $289.62.

Insider Activity

In related news, Director Mary Kasaris sold 600 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total transaction of $167,670.00. Following the completion of the transaction, the director directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.47% of the stock is currently owned by company insiders.

Essex Property Trust Trading Up 0.1%

NYSE:ESS opened at $274.11 on Friday. The company has a market capitalization of $17.61 billion, a P/E ratio of 30.80, a PEG ratio of 11.82 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. Essex Property Trust, Inc. has a 12 month low of $238.46 and a 12 month high of $294.09. The firm has a fifty day simple moving average of $268.92 and a 200-day simple moving average of $259.09.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 EPS 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 firm had revenue of $484.76 million for the quarter, compared to analyst estimates of $479.89 million. During the same period in the prior year, the firm posted $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, equities research analysts anticipate that Essex Property Trust, Inc. will post 16.08 earnings per share for the current year.

Essex Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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 dividend yield of 3.8%. Essex Property Trust’s dividend payout ratio is presently 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.