Essex Property Trust, Inc. $ESS Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 69.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 826 shares of the real estate investment trust’s stock after selling 1,896 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Essex Property Trust were worth $200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Nemes Rush Group LLC purchased a new position in Essex Property Trust in the fourth quarter valued at about $27,000. Generali Asset Management SPA SGR acquired a new stake in shares of Essex Property Trust in the fourth quarter valued at about $29,000. True Wealth Design LLC grew its stake in shares of Essex Property Trust by 120.0% in the fourth quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 96 shares in the last quarter. Hantz Financial Services Inc. raised its holdings 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 valued at $51,000 after buying an additional 78 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Essex Property Trust during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mary Kasaris sold 600 shares of the business’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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.47% of the stock is currently owned by corporate insiders.

Essex Property Trust Stock Up 1.2%

Shares of NYSE:ESS opened at $285.01 on Friday. The firm has a market cap of $18.31 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 12.16 and a beta of 0.72. The company has a fifty day simple moving average of $271.38 and a 200 day simple moving average of $259.71. 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.

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 analysts’ consensus estimates 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 last year, the company earned $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 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Cantor Fitzgerald increased their price objective on shares of Essex Property Trust from $290.00 to $291.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Morgan Stanley boosted their target price on shares of Essex Property Trust from $293.00 to $302.00 and gave the stock an “equal weight” rating in a research report on Thursday. Piper Sandler upgraded shares of Essex Property Trust from a “neutral” rating to an “overweight” rating and upped their target price for the company from $275.00 to $310.00 in a research note on Monday, May 4th. Evercore reaffirmed an “outperform” rating and set a $296.00 price target on shares of Essex Property Trust in a report on Monday, June 8th. Finally, Wall Street Zen downgraded shares of Essex Property Trust from a “hold” rating to a “sell” rating in a research note on Sunday, June 21st. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $288.59.

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.