Essex Property Trust, Inc. $ESS Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 11.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 23,136 shares of the real estate investment trust’s stock after acquiring an additional 2,395 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Essex Property Trust were worth $6,193,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ESS. Valeo Financial Advisors LLC increased its stake in Essex Property Trust by 151,452.8% in the second quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust’s stock valued at $843,969,000 after purchasing an additional 2,976,047 shares during the last quarter. Norges Bank acquired a new position in shares of Essex Property Trust in the 2nd quarter valued at $239,442,000. Daiwa Securities Group Inc. grew its position in shares of Essex Property Trust by 48.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,056,887 shares of the real estate investment trust’s stock valued at $299,522,000 after buying an additional 344,287 shares during the last quarter. Boston Partners grew its position in shares of Essex Property Trust by 28.3% in the 2nd quarter. Boston Partners now owns 860,854 shares of the real estate investment trust’s stock valued at $243,910,000 after buying an additional 189,663 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Essex Property Trust by 42.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 509,455 shares of the real estate investment trust’s stock worth $144,400,000 after acquiring an additional 150,869 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Essex Property Trust Trading Down 2.3%

NYSE:ESS opened at $251.06 on Monday. The firm has a market cap of $16.17 billion, a P/E ratio of 19.08, a PEG ratio of 5.98 and a beta of 0.73. 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, Inc. has a 12-month low of $243.25 and a 12-month high of $316.29. The stock’s 50 day simple moving average is $258.10 and its 200-day simple moving average is $264.75.

Essex Property Trust (NYSE:ESS) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 EPS for the quarter, topping the consensus estimate of $3.96 by $0.01. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.68%. The company had revenue of $473.30 million during the quarter, compared to analysts’ expectations of $472.11 million. During the same quarter last year, the business 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. Equities 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. Shareholders of record on Friday, January 2nd will be issued a $2.57 dividend. This represents a $10.28 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, January 2nd. Essex Property Trust’s payout ratio is currently 78.12%.

Analyst Ratings Changes

Several research firms have issued reports on ESS. Mizuho upped their price objective on shares of Essex Property Trust from $275.00 to $284.00 and gave the company an “outperform” rating in a research note on Monday, November 24th. Wells Fargo & Company decreased their target price on Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. BMO Capital Markets downgraded Essex Property Trust from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $305.00 to $280.00 in a research note on Friday. Wall Street Zen cut Essex Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Finally, Evercore ISI lowered their target price on shares of Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating on the stock in a research report on Monday, November 3rd. Six equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, Essex Property Trust has a consensus rating of “Hold” and an average target price of $287.09.

About Essex Property Trust

Essex Property Trust, Inc (NYSE: ESS) is a publicly traded real estate investment trust that acquires, develops, owns and operates multifamily residential properties. The company focuses on market-rate apartment communities and delivers a full suite of property services including leasing, resident services, asset management, and capital improvement programs designed to preserve and enhance long‑term property values.

Essex concentrates its portfolio in West Coast markets, with a significant presence in California and the Pacific Northwest.