Corient Private Wealth LLC Grows Holdings in Essex Property Trust, Inc. $ESS

Corient Private Wealth LLC grew its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 180.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,838 shares of the real estate investment trust’s stock after acquiring an additional 6,330 shares during the period. Corient Private Wealth LLC’s holdings in Essex Property Trust were worth $2,575,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ESS. Nemes Rush Group LLC acquired a new stake in shares of Essex Property Trust during the fourth quarter worth approximately $27,000. Generali Asset Management SPA SGR acquired a new position in Essex Property Trust during the 4th quarter worth $29,000. True Wealth Design LLC increased its position in shares of Essex Property Trust by 120.0% in the 4th quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 96 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Essex Property Trust in the 3rd quarter worth about $51,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Essex Property Trust by 67.8% in the 4th quarter. Hantz Financial Services Inc. now owns 193 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 78 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Essex Property Trust Price Performance

ESS opened at $295.38 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.22. The company’s 50-day moving average price is $272.25 and its 200 day moving average price is $260.01. Essex Property Trust, Inc. has a fifty-two week low of $238.46 and a fifty-two week high of $295.85. The firm has a market cap of $18.98 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 12.72 and a beta of 0.72.

Essex Property Trust (NYSE:ESS) last issued its earnings results 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 during the quarter, compared to analyst estimates 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 previous year, the firm earned $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, sell-side analysts expect that Essex Property Trust, Inc. will post 16.12 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. Investors of record on Tuesday, June 30th will be issued a $2.59 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $10.36 annualized dividend and a dividend yield of 3.5%. Essex Property Trust’s dividend payout ratio (DPR) is 116.40%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ESS. JPMorgan Chase & Co. increased their price target on shares of Essex Property Trust from $272.00 to $275.00 and gave the stock an “underweight” rating in a research report on Monday, May 18th. Raymond James Financial raised Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 price objective for the company in a report on Friday. Royal Bank Of Canada increased their target price on Essex Property Trust from $282.00 to $288.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Piper Sandler upgraded Essex Property Trust from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $275.00 to $310.00 in a research report on Monday, May 4th. Finally, Wall Street Zen lowered Essex Property Trust from a “hold” rating to a “sell” rating in a research report on Sunday, June 21st. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $292.08.

Insider Transactions at Essex Property Trust

In related news, Director Mary Kasaris sold 600 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 2,394 shares in the company, valued at $669,003.30. The trade was a 20.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.47% of the stock is owned by corporate insiders.

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.