7,032 Shares in Essex Property Trust, Inc. $ESS Purchased by Caprock Group LLC

Caprock Group LLC purchased a new position in shares of Essex Property Trust, Inc. (NYSE:ESS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,032 shares of the real estate investment trust’s stock, valued at approximately $1,900,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Essex Property Trust by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,493,313 shares of the real estate investment trust’s stock worth $2,973,805,000 after buying an additional 53,039 shares during the period. State Street Corp grew its holdings in Essex Property Trust by 2.5% during the second quarter. State Street Corp now owns 5,388,169 shares of the real estate investment trust’s stock valued at $1,540,570,000 after purchasing an additional 129,806 shares during the period. Geode Capital Management LLC increased its stake in Essex Property Trust by 1.3% in the second quarter. Geode Capital Management LLC now owns 1,825,007 shares of the real estate investment trust’s stock valued at $515,226,000 after purchasing an additional 23,565 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Essex Property Trust by 48.3% in the second quarter. Daiwa Securities Group Inc. now owns 1,056,887 shares of the real estate investment trust’s stock worth $299,522,000 after purchasing an additional 344,287 shares during the period. Finally, Boston Partners boosted its position in shares of Essex Property Trust by 28.3% during the second quarter. Boston Partners now owns 860,854 shares of the real estate investment trust’s stock worth $243,910,000 after purchasing an additional 189,663 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. 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 note on Monday, November 10th. Scotiabank decreased their price objective on Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating for the company in a research report on Tuesday, November 4th. BMO Capital Markets cut Essex Property Trust from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $305.00 to $280.00 in a research note on Friday, January 9th. Barclays reaffirmed a “positive” rating and issued a $292.00 price target on shares of Essex Property Trust in a research note on Tuesday, January 13th. Finally, Stifel Nicolaus set a $278.00 price objective on shares of Essex Property Trust in a research report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $283.87.

Essex Property Trust Stock Performance

Shares of ESS opened at $251.34 on Friday. The stock has a market capitalization of $16.19 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 7.90 and a beta of 0.74. Essex Property Trust, Inc. has a 12 month low of $243.25 and a 12 month high of $316.29. The firm has a fifty day simple moving average of $255.79 and a 200 day simple moving average of $259.41. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.19.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.02). The company had revenue of $479.63 million for the quarter, compared to analyst estimates of $474.66 million. Essex Property Trust had a return on equity of 11.61% and a net margin of 35.48%.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 forecast that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

The business 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 4.1%. The ex-dividend date of this dividend was Friday, January 2nd. Essex Property Trust’s dividend payout ratio is 98.75%.

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.