ProShare Advisors LLC Raises Holdings in Essex Property Trust, Inc. $ESS

ProShare Advisors LLC boosted its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 601,341 shares of the real estate investment trust’s stock after buying an additional 12,446 shares during the period. ProShare Advisors LLC owned 0.93% of Essex Property Trust worth $160,955,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of ESS. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Essex Property Trust by 11.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,136 shares of the real estate investment trust’s stock valued at $6,193,000 after buying an additional 2,395 shares in the last quarter. Barings LLC acquired a new stake in Essex Property Trust in the second quarter worth about $829,000. Spire Wealth Management grew its stake in shares of Essex Property Trust by 12,050.0% during the second quarter. Spire Wealth Management now owns 243 shares of the real estate investment trust’s stock worth $69,000 after acquiring an additional 241 shares during the last quarter. Stableford Capital II LLC acquired a new position in shares of Essex Property Trust during the third quarter valued at about $1,636,000. Finally, GAM Holding AG acquired a new position in shares of Essex Property Trust during the third quarter valued at about $2,146,000. Institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ESS shares. Scotiabank dropped their target price on shares of Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, November 4th. Mizuho boosted their price objective on shares of Essex Property Trust from $275.00 to $284.00 and gave the company an “outperform” rating in a report on Monday, November 24th. BMO Capital Markets downgraded Essex Property Trust from an “outperform” rating to a “market perform” rating and cut their target price for the company from $305.00 to $280.00 in a research report on Friday, January 9th. Stifel Nicolaus set a $278.00 target price on Essex Property Trust in a research note on Thursday. Finally, UBS Group lifted their price target on Essex Property Trust from $267.00 to $274.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Six investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $283.87.

Essex Property Trust Price Performance

NYSE:ESS opened at $257.69 on Monday. The firm’s fifty day moving average is $255.98 and its two-hundred day moving average is $260.06. The firm has a market cap of $16.60 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 6.21 and a beta of 0.74. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.18 and a current ratio of 1.18. Essex Property Trust, Inc. has a one year low of $243.25 and a one year high of $316.29.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.00 by ($0.02). The company had revenue of $479.63 million during the quarter, compared to analyst estimates of $474.66 million. Essex Property Trust had a net margin of 35.48% and a return on equity of 11.61%. During the same period last year, the firm earned $3.92 EPS. Essex Property Trust has set its FY 2026 guidance at 15.690-16.190 EPS and its Q1 2026 guidance at 3.890-4.010 EPS. Research analysts expect that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were issued a dividend of $2.57 per share. This represents a $10.28 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, January 2nd. Essex Property Trust’s payout ratio is 98.75%.

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.