Entropy Technologies LP Lowers Holdings in Essex Property Trust, Inc. $ESS

Entropy Technologies LP lowered its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 48.4% in the first quarter, HoldingsChannel reports. The firm owned 10,420 shares of the real estate investment trust’s stock after selling 9,785 shares during the quarter. Entropy Technologies LP’s holdings in Essex Property Trust were worth $2,522,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Nemes Rush Group LLC acquired a new stake in Essex Property Trust during the 4th quarter worth approximately $27,000. Generali Asset Management SPA SGR acquired a new position in shares of Essex Property Trust in the fourth quarter worth $29,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Essex Property Trust in the first quarter worth $38,000. Hantz Financial Services Inc. increased its position in shares of Essex Property Trust by 67.8% during the fourth quarter. Hantz Financial Services Inc. now owns 193 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 78 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of Essex Property Trust during the third quarter worth $51,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Essex Property Trust Price Performance

Shares of ESS opened at $293.32 on Monday. Essex Property Trust, Inc. has a twelve month low of $238.46 and a twelve month high of $303.35. The firm’s fifty day simple moving average is $285.41 and its 200-day simple moving average is $265.03. The firm has a market capitalization of $18.85 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 12.65 and a beta of 0.70. 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 (NYSE:ESS) last released its quarterly earnings data 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 firm had revenue of $484.76 million for 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 period 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 analysts forecast that Essex Property Trust, Inc. will post 16.11 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

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

Insider Transactions at Essex Property Trust

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of Essex Property Trust 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 completion of the sale, the director directly owned 2,394 shares of the company’s stock, valued at $669,003.30. The trade was a 20.04% decrease in their position. 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 Analysts Forecast Growth

Several analysts have recently issued reports on ESS shares. Barclays increased their price objective on Essex Property Trust from $277.00 to $296.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $330.00 target price on shares of Essex Property Trust in a research note on Monday, July 20th. Cantor Fitzgerald upped their price target on Essex Property Trust from $290.00 to $291.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Raymond James Financial raised Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 price target on the stock in a research report on Friday, June 26th. Finally, Scotiabank lifted their price objective on Essex Property Trust from $290.00 to $307.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Essex Property Trust has an average rating of “Moderate Buy” and a consensus price target of $299.08.

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.