Amundi Acquires 65,887 Shares of Essex Property Trust, Inc. $ESS

Amundi boosted its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 65.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 166,096 shares of the real estate investment trust’s stock after purchasing an additional 65,887 shares during the quarter. Amundi owned about 0.26% of Essex Property Trust worth $47,072,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ESS. Richardson Financial Services Inc. grew its holdings in Essex Property Trust by 300.0% during the 2nd quarter. Richardson Financial Services Inc. now owns 100 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 75 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of Essex Property Trust in the first quarter worth $31,000. Ransom Advisory Ltd bought a new position in shares of Essex Property Trust during the first quarter worth $31,000. Zions Bancorporation National Association UT purchased a new position in Essex Property Trust during the first quarter valued at $34,000. Finally, Princeton Global Asset Management LLC purchased a new position in Essex Property Trust during the second quarter valued at $34,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ESS has been the subject of several research reports. Scotiabank dropped their price objective on shares of Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating for the company in a report on Tuesday, November 4th. Evercore ISI reduced their target price on Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating on the stock in a report on Monday, November 3rd. Morgan Stanley dropped their price target on Essex Property Trust from $304.00 to $285.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Essex Property Trust in a report on Wednesday, October 8th. Finally, Wells Fargo & Company reduced their price objective on Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $291.53.

Essex Property Trust Stock Down 0.1%

NYSE:ESS opened at $252.00 on Wednesday. Essex Property Trust, Inc. has a twelve month low of $243.25 and a twelve month high of $316.29. The stock has a fifty day simple moving average of $258.57 and a 200-day simple moving average of $268.65. The company has a market cap of $16.23 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 6.12 and a beta of 0.72. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.15.

Essex Property Trust (NYSE:ESS) last issued its 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 business had revenue of $473.30 million for the quarter, compared to the consensus estimate of $472.11 million. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.68%. During the same period 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 and its FY 2025 guidance at 15.890-15.990 EPS. Analysts anticipate that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be paid a $2.57 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $10.28 dividend on an annualized basis and a yield of 4.1%. Essex Property Trust’s dividend payout ratio is 78.12%.

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.