Aew Capital Management L P Buys 300 Shares of Essex Property Trust, Inc. $ESS

Aew Capital Management L P grew its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,081 shares of the real estate investment trust’s stock after buying an additional 300 shares during the quarter. Aew Capital Management L P owned 0.09% of Essex Property Trust worth $17,310,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Essex Property Trust by 0.8% in the first quarter. Vanguard Group Inc. now owns 10,440,274 shares of the real estate investment trust’s stock valued at $3,200,675,000 after acquiring an additional 87,117 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Essex Property Trust by 151,452.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust’s stock worth $843,969,000 after purchasing an additional 2,976,047 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Essex Property Trust by 66.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,746,242 shares of the real estate investment trust’s stock valued at $841,916,000 after purchasing an additional 1,096,619 shares during the last quarter. Wealthquest Corp bought a new position in shares of Essex Property Trust during the 1st quarter valued at about $384,606,000. Finally, Northern Trust Corp raised its holdings in shares of Essex Property Trust by 10.6% during the 1st quarter. Northern Trust Corp now owns 1,247,133 shares of the real estate investment trust’s stock valued at $382,334,000 after buying an additional 119,303 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Essex Property Trust Price Performance

Shares of ESS stock opened at $256.24 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.09 and a current ratio of 1.09. Essex Property Trust, Inc. has a fifty-two week low of $243.25 and a fifty-two week high of $316.29. The firm has a market cap of $16.50 billion, a P/E ratio of 19.47, a P/E/G ratio of 6.00 and a beta of 0.82. The business’s 50 day moving average price is $262.53 and its 200-day moving average price is $272.52.

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

Essex Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $2.57 dividend. This represents a $10.28 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, September 30th. Essex Property Trust’s dividend payout ratio (DPR) is currently 78.12%.

Analysts Set New Price Targets

Several analysts have issued reports on ESS shares. Wall Street Zen lowered Essex Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Stifel Nicolaus boosted their price objective on shares of Essex Property Trust from $301.50 to $305.50 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Piper Sandler cut shares of Essex Property Trust from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $355.00 to $275.00 in a research report on Monday, August 4th. Truist Financial lowered their price target on shares of Essex Property Trust from $295.00 to $283.00 and set a “hold” rating for the company in a research note on Tuesday, August 12th. Finally, Cantor Fitzgerald assumed coverage on shares of Essex Property Trust in a research report on Wednesday, October 1st. They set an “overweight” rating and a $300.00 price target for the company. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $295.03.

About Essex Property Trust

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.