Essex Property Trust, Inc. $ESS Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc raised its position in Essex Property Trust, Inc. (NYSE:ESS) by 69.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,160 shares of the real estate investment trust’s stock after acquiring an additional 6,223 shares during the period. CIBC Asset Management Inc’s holdings in Essex Property Trust were worth $3,967,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Essex Property Trust by 9.0% in the fourth quarter. Bank of New York Mellon Corp now owns 467,394 shares of the real estate investment trust’s stock valued at $122,308,000 after acquiring an additional 38,528 shares in the last quarter. Westpac Banking Corp boosted its stake in Essex Property Trust by 24.3% in the fourth quarter. Westpac Banking Corp now owns 12,152 shares of the real estate investment trust’s stock valued at $3,180,000 after acquiring an additional 2,372 shares in the last quarter. Natixis Advisors LLC boosted its stake in Essex Property Trust by 2.4% in the fourth quarter. Natixis Advisors LLC now owns 25,684 shares of the real estate investment trust’s stock valued at $6,721,000 after acquiring an additional 598 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in Essex Property Trust by 3.4% in the fourth quarter. New Mexico Educational Retirement Board now owns 3,000 shares of the real estate investment trust’s stock valued at $785,000 after acquiring an additional 100 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its stake in Essex Property Trust by 1.8% in the fourth quarter. Peapack Gladstone Financial Corp now owns 14,737 shares of the real estate investment trust’s stock valued at $3,857,000 after acquiring an additional 261 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Mary Kasaris sold 600 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total value of $167,670.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.47% of the company’s stock.

Essex Property Trust Trading Up 0.1%

NYSE:ESS opened at $285.78 on Monday. 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 $262.02 and a 200-day simple moving average of $257.64. 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 company has a market capitalization of $18.36 billion, a P/E ratio of 32.11, a PEG ratio of 12.33 and a beta of 0.72.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 previous year, the firm posted $3.97 earnings per share. 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 Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Barclays raised their target price on shares of Essex Property Trust from $272.00 to $277.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Stifel Nicolaus lifted their price objective on shares of Essex Property Trust from $278.00 to $281.50 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Piper Sandler upgraded shares of Essex Property Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $275.00 to $310.00 in a research note on Monday, May 4th. Raymond James Financial reiterated a “market perform” rating on shares of Essex Property Trust in a research note on Friday, February 27th. Finally, Truist Financial lifted their price objective on shares of Essex Property Trust from $273.00 to $286.00 and gave the stock a “hold” rating in a research note on Wednesday, May 27th. Six equities 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 stock. According to data from MarketBeat.com, Essex Property Trust currently has a consensus rating of “Hold” and a consensus target price of $286.97.

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.