Spire Wealth Management Purchases 241 Shares of Essex Property Trust, Inc. $ESS

Spire Wealth Management grew its position in Essex Property Trust, Inc. (NYSE:ESS) by 12,050.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 243 shares of the real estate investment trust’s stock after acquiring an additional 241 shares during the period. Spire Wealth Management’s holdings in Essex Property Trust were worth $69,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. World Investment Advisors lifted its stake in shares of Essex Property Trust by 7.7% in the 2nd quarter. World Investment Advisors now owns 2,105 shares of the real estate investment trust’s stock valued at $597,000 after acquiring an additional 150 shares during the last quarter. New York Life Investment Management LLC lifted its stake in shares of Essex Property Trust by 1.4% in the 2nd quarter. New York Life Investment Management LLC now owns 9,635 shares of the real estate investment trust’s stock valued at $2,731,000 after acquiring an additional 137 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Essex Property Trust by 16.0% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,618 shares of the real estate investment trust’s stock valued at $3,293,000 after purchasing an additional 1,600 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Essex Property Trust by 12.9% in the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 33,885 shares of the real estate investment trust’s stock valued at $9,603,000 after purchasing an additional 3,863 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Essex Property Trust by 15.1% in the second quarter. Envestnet Asset Management Inc. now owns 57,991 shares of the real estate investment trust’s stock valued at $16,435,000 after purchasing an additional 7,602 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Cantor Fitzgerald assumed coverage on Essex Property Trust in a report on Wednesday, October 1st. They issued an “overweight” rating and a $300.00 price objective for the company. BNP Paribas Exane downgraded Essex Property Trust from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Barclays decreased their price objective on Essex Property Trust from $298.00 to $297.00 and set an “equal weight” rating for the company in a report on Tuesday, September 30th. Royal Bank Of Canada increased their price objective on Essex Property Trust from $306.00 to $307.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Evercore ISI decreased their price objective on Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating for the company in a report on Monday. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $295.03.

Essex Property Trust Price Performance

ESS stock opened at $260.58 on Thursday. The stock has a market capitalization of $16.78 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 6.00 and a beta of 0.81. The company’s 50-day moving average is $262.77 and its 200-day moving average is $272.63. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.09. Essex Property Trust, Inc. has a 1 year low of $243.25 and a 1 year high of $316.29.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.01. The company had revenue of $473.30 million for the quarter, compared to analysts’ expectations of $472.11 million. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.70%. During the same quarter in the prior year, the firm earned $3.91 EPS. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS. FY 2025 guidance at 15.890-15.990 EPS. Equities research analysts expect that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were 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 was Tuesday, September 30th. Essex Property Trust’s dividend payout ratio is 78.12%.

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.