Massachusetts Financial Services Co. MA Has $266.09 Million Stock Position in Essex Property Trust, Inc. $ESS

Massachusetts Financial Services Co. MA cut its position in Essex Property Trust, Inc. (NYSE:ESS) by 19.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 994,140 shares of the real estate investment trust’s stock after selling 247,400 shares during the period. Massachusetts Financial Services Co. MA owned 1.54% of Essex Property Trust worth $266,092,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ESS. Richardson Financial Services Inc. boosted its holdings in shares of Essex Property Trust by 300.0% in the 2nd quarter. Richardson Financial Services Inc. now owns 100 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 75 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in Essex Property Trust in the 2nd quarter valued at $34,000. Tobam boosted its stake in Essex Property Trust by 167.3% in the second quarter. Tobam now owns 131 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 82 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Essex Property Trust during the second quarter worth $44,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Essex Property Trust in the second quarter valued at $48,000. Institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ESS. UBS Group upped their price target on shares of Essex Property Trust from $267.00 to $274.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Barclays reaffirmed a “positive” rating and issued a $292.00 target price on shares of Essex Property Trust in a research note on Tuesday, January 13th. BNP Paribas Exane cut shares of Essex Property Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Truist Financial reduced their price objective on Essex Property Trust from $283.00 to $273.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Finally, Wells Fargo & Company decreased 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 report on Monday, November 10th. Seven investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Essex Property Trust currently has a consensus rating of “Hold” and a consensus price target of $287.22.

Essex Property Trust Stock Up 1.8%

NYSE:ESS opened at $258.07 on Tuesday. The company has a quick ratio of 1.18, a current 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 fifty day simple moving average is $257.61 and its 200-day simple moving average is $263.44. The firm has a market capitalization of $16.62 billion, a P/E ratio of 19.61, a P/E/G ratio of 6.15 and a beta of 0.73.

Essex Property Trust (NYSE:ESS) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.01. The firm had revenue of $473.30 million for the quarter, compared to analyst estimates of $472.11 million. Essex Property Trust had a return on equity of 14.68% and a net margin of 45.46%.During the same quarter in the prior year, the firm posted $3.91 earnings per share. 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 research analysts expect that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Essex Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Friday, January 2nd were issued a dividend of $2.57 per share. The ex-dividend date was Friday, January 2nd. This represents a $10.28 dividend on an annualized basis and a yield of 4.0%. Essex Property Trust’s payout ratio is currently 78.12%.

Essex Property Trust Profile

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.