Tobam Acquires 2,118 Shares of Essex Property Trust, Inc. $ESS

Tobam lifted its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 672.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,433 shares of the real estate investment trust’s stock after purchasing an additional 2,118 shares during the period. Tobam’s holdings in Essex Property Trust were worth $637,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ESS. Nemes Rush Group LLC purchased a new position in Essex Property Trust during the fourth quarter valued at approximately $27,000. Generali Asset Management SPA SGR purchased a new stake in Essex Property Trust during the fourth quarter worth $29,000. True Wealth Design LLC lifted its holdings in Essex Property Trust by 120.0% during the fourth quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 96 shares during the period. Hantz Financial Services Inc. boosted its position in 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 valued at $51,000 after acquiring an additional 78 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in Essex Property Trust during the 3rd quarter valued at $51,000. 96.51% of the stock is currently owned by institutional investors.

Insider Transactions at Essex Property Trust

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the 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 completion of the sale, the director directly owned 2,394 shares in the company, valued at approximately $669,003.30. This trade represents a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.47% of the stock is owned by corporate insiders.

Essex Property Trust Price Performance

NYSE ESS opened at $274.11 on Friday. The firm’s fifty day simple moving average is $268.92 and its two-hundred day simple moving average is $259.09. 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 market capitalization of $17.61 billion, a P/E ratio of 30.80, a P/E/G ratio of 11.82 and a beta of 0.72.

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

Essex Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 3.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Essex Property Trust’s dividend payout ratio is currently 116.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ESS. Stifel Nicolaus lifted their price target on Essex Property Trust from $278.00 to $281.50 and gave the company a “hold” rating in a report on Wednesday, April 29th. Cantor Fitzgerald upped their price objective on Essex Property Trust from $290.00 to $291.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Morgan Stanley set a $293.00 price objective on Essex Property Trust in a research report on Friday, May 15th. Royal Bank Of Canada lifted 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. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Essex Property Trust in a report on Friday, February 27th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Essex Property Trust presently has a consensus rating of “Hold” and an average target price of $289.62.

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.