Farther Finance Advisors LLC Has $163,000 Stock Position in Essex Property Trust, Inc. $ESS

Farther Finance Advisors LLC trimmed its position in Essex Property Trust, Inc. (NYSE:ESS) by 13.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 576 shares of the real estate investment trust’s stock after selling 90 shares during the quarter. Farther Finance Advisors LLC’s holdings in Essex Property Trust were worth $163,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESS. WPG Advisers LLC acquired a new position in Essex Property Trust during the first quarter valued at approximately $31,000. Ransom Advisory Ltd bought a new position in shares of Essex Property Trust in the first quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new position in shares of Essex Property Trust in the first quarter valued at about $34,000. GKV Capital Management Co. Inc. bought a new stake in Essex Property Trust during the 1st quarter worth about $35,000. Finally, Capital Analysts LLC grew its position in shares of 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 buying an additional 49 shares during the period. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ESS. Piper Sandler lowered Essex Property Trust from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $355.00 to $275.00 in a research report on Monday, August 4th. BNP Paribas Exane cut Essex Property Trust from an “outperform” rating to a “neutral” rating in a research note on Monday. Truist Financial dropped their price target on Essex Property Trust from $295.00 to $283.00 and set a “hold” rating on the stock in a research note on Tuesday, August 12th. Barclays decreased their price objective on Essex Property Trust from $298.00 to $297.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, BNP Paribas cut Essex Property Trust from an “outperform” rating to a “hold” rating in a research report on Monday. Seven investment 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $297.28.

Essex Property Trust Stock Performance

Shares of ESS stock opened at $263.62 on Friday. Essex Property Trust, Inc. has a 12 month low of $243.85 and a 12 month high of $316.29. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 6.79 and a beta of 0.81. The business’s 50-day moving average price is $264.85 and its 200-day moving average price is $277.24.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $466.47 million. During the same period last year, the company 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. Equities research analysts forecast that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Dividend Announcement

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

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.