Geneos Wealth Management Inc. Acquires 64 Shares of Essex Property Trust, Inc. $ESS

Geneos Wealth Management Inc. grew its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 19.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 387 shares of the real estate investment trust’s stock after acquiring an additional 64 shares during the period. Geneos Wealth Management Inc.’s holdings in Essex Property Trust were worth $119,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. WPG Advisers LLC bought a new position in shares of Essex Property Trust during the first quarter valued at $31,000. Ransom Advisory Ltd acquired a new stake in shares of Essex Property Trust during the first quarter worth $31,000. Zions Bancorporation National Association UT acquired a new stake in shares of Essex Property Trust during the first quarter worth $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Essex Property Trust during the first quarter worth $35,000. Finally, Capital Analysts LLC increased its position in shares of Essex Property Trust by 56.3% during the first quarter. Capital Analysts LLC now owns 136 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 49 shares during the period. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust Stock Up 0.1%

ESS opened at $265.90 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.09. The company’s 50-day moving average is $269.36 and its 200 day moving average is $279.80. Essex Property Trust, Inc. has a fifty-two week low of $243.85 and a fifty-two week high of $316.79. The firm has a market capitalization of $17.12 billion, a P/E ratio of 21.37, a PEG ratio of 6.82 and a beta of 0.83.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.99 by $0.04. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. The company had revenue of $465.84 million for the quarter, compared to analyst estimates of $466.47 million. During the same period last year, the firm earned $3.94 earnings per share. Essex Property Trust has set its Q3 2025 guidance at 3.890-3.990 EPS. FY 2025 guidance at 15.800-16.020 EPS. Research analysts expect that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal year.

Essex Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $2.57 per share. This represents a $10.28 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Essex Property Trust’s dividend payout ratio (DPR) is presently 82.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ESS shares. Truist Financial decreased their price objective on shares of Essex Property Trust from $295.00 to $283.00 and set a “hold” rating for the company in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of Essex Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Evercore ISI increased their price objective on shares of Essex Property Trust from $279.00 to $283.00 and gave the stock an “in-line” rating in a research report on Monday. Barclays decreased their price objective on shares of Essex Property Trust from $335.00 to $298.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 12th. Finally, UBS Group decreased their price objective on shares of Essex Property Trust from $297.00 to $295.00 and set a “neutral” rating for the company in a research report on Tuesday, July 15th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Essex Property Trust presently has an average rating of “Hold” and a consensus target price of $298.66.

Essex Property Trust Company Profile

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.