Park Avenue Securities LLC Takes Position in Essex Property Trust, Inc. $ESS

Park Avenue Securities LLC acquired a new stake in Essex Property Trust, Inc. (NYSE:ESS) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,758 shares of the real estate investment trust’s stock, valued at approximately $498,000.

Several other large investors also recently modified their holdings of the stock. WPG Advisers LLC bought a new stake in Essex Property Trust during the 1st quarter worth approximately $31,000. Ransom Advisory Ltd bought a new stake in Essex Property Trust during the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT bought a new stake in Essex Property Trust during the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. bought a new stake in Essex Property Trust during the 1st quarter worth approximately $35,000. Finally, Capital Analysts LLC grew its position in Essex Property Trust by 56.3% during the 1st quarter. Capital Analysts LLC now owns 136 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 49 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Essex Property Trust Stock Performance

ESS stock opened at $266.11 on Tuesday. The business’s fifty day moving average is $266.34 and its 200-day moving average is $277.63. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. The company has a market cap of $17.14 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 6.82 and a beta of 0.83. Essex Property Trust, Inc. has a twelve month low of $243.85 and a twelve month high of $316.29.

Essex Property Trust (NYSE:ESS) last posted 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 return on equity of 13.98% and a net margin of 43.51%.The company had revenue of $465.84 million for the quarter, compared to the consensus estimate of $466.47 million. During the same quarter in the prior year, the business posted $3.94 EPS. Essex Property Trust has set its Q3 2025 guidance at 3.890-3.990 EPS. FY 2025 guidance at 15.800-16.020 EPS. Equities research analysts forecast that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays decreased their price target on Essex Property Trust from $335.00 to $298.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 12th. UBS Group decreased their price target on Essex Property Trust from $297.00 to $295.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 15th. Wells Fargo & Company reduced their price objective on Essex Property Trust from $325.00 to $279.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Wall Street Zen downgraded Essex Property Trust from a “hold” rating to a “sell” rating in a report on Friday. Finally, Scotiabank reduced their price objective on Essex Property Trust from $320.00 to $309.00 and set a “sector outperform” rating on the stock in a report on Tuesday, August 5th. Six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $297.17.

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.