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

Andra AP fonden lessened its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 71.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,262 shares of the real estate investment trust’s stock after selling 43,358 shares during the period. Andra AP fonden’s holdings in Essex Property Trust were worth $4,177,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC boosted its holdings in Essex Property Trust by 5.2% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 814 shares of the real estate investment trust’s stock worth $213,000 after acquiring an additional 40 shares in the last quarter. Segment Wealth Management LLC increased its holdings in shares of Essex Property Trust by 5.1% during the fourth quarter. Segment Wealth Management LLC now owns 913 shares of the real estate investment trust’s stock valued at $239,000 after acquiring an additional 44 shares in the last quarter. Norinchukin Bank The raised its position in shares of Essex Property Trust by 0.6% in the 3rd quarter. Norinchukin Bank The now owns 6,957 shares of the real estate investment trust’s stock worth $1,862,000 after purchasing an additional 44 shares during the last quarter. Signaturefd LLC raised its position in shares of Essex Property Trust by 11.3% in the 4th quarter. Signaturefd LLC now owns 445 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 45 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in Essex Property Trust by 2.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,537 shares of the real estate investment trust’s stock worth $664,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ESS. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $330.00 price objective on shares of Essex Property Trust in a research report on Monday. Piper Sandler lifted their target price on shares of Essex Property Trust from $310.00 to $352.00 and gave the stock an “overweight” rating in a report on Tuesday. Jefferies Financial Group upgraded shares of Essex Property Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Evercore reiterated an “outperform” rating and set a $296.00 price target on shares of Essex Property Trust in a report on Monday, June 8th. Finally, Morgan Stanley boosted their price objective on shares of Essex Property Trust from $293.00 to $302.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $299.08.

Essex Property Trust Price Performance

NYSE ESS opened at $293.05 on Thursday. Essex Property Trust, Inc. has a one year low of $238.46 and a one year high of $303.35. The stock has a 50-day moving average of $284.37 and a 200 day moving average of $264.49. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $18.83 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 12.68 and a beta of 0.70.

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 (EPS) for the quarter, missing the consensus estimate of $3.96 by ($2.31). The company had revenue of $484.76 million for the quarter, compared to the consensus estimate of $479.89 million. Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. During the same quarter in the prior year, the company posted $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, sell-side analysts forecast that Essex Property Trust, Inc. will post 16.11 EPS for the current year.

Essex Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $2.59 per share. This represents a $10.36 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Essex Property Trust’s payout ratio is presently 116.40%.

Insiders Place Their Bets

In related news, Director Mary Kasaris sold 600 shares of the stock in a transaction that occurred 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 transaction, the director owned 2,394 shares in the company, valued at $669,003.30. This represents a 20.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.47% of the stock is currently owned by company insiders.

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.