Aew Capital Management L P Cuts Stake in Essex Property Trust, Inc. $ESS

Aew Capital Management L P cut its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 53.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,660 shares of the real estate investment trust’s stock after selling 32,421 shares during the period. Aew Capital Management L P’s holdings in Essex Property Trust were worth $7,671,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. TD Asset Management Inc lifted its holdings in shares of Essex Property Trust by 1.4% in the third quarter. TD Asset Management Inc now owns 22,638 shares of the real estate investment trust’s stock worth $6,059,000 after buying an additional 305 shares in the last quarter. Mufg Securities Americas Inc. increased its holdings in Essex Property Trust by 21.7% in the 3rd quarter. Mufg Securities Americas Inc. now owns 1,737 shares of the real estate investment trust’s stock valued at $465,000 after acquiring an additional 310 shares during the last quarter. Compound Planning Inc. bought a new stake in Essex Property Trust in the 3rd quarter valued at $241,000. Aurora Investment Managers LLC. lifted its stake in Essex Property Trust by 2.1% in the 3rd quarter. Aurora Investment Managers LLC. now owns 13,586 shares of the real estate investment trust’s stock worth $3,637,000 after purchasing an additional 274 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in shares of Essex Property Trust by 1.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,483 shares of the real estate investment trust’s stock valued at $932,000 after purchasing an additional 65 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ESS. UBS Group lifted their target price on Essex Property Trust from $267.00 to $274.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. BMO Capital Markets cut Essex Property Trust from an “outperform” rating to a “market perform” rating and cut their price target for the company from $305.00 to $280.00 in a report on Friday, January 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a $282.00 price objective (down from $304.00) on shares of Essex Property Trust in a report on Monday, December 15th. Wall Street Zen downgraded Essex Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Finally, Barclays reissued a “positive” rating and issued a $292.00 target price on shares of Essex Property Trust in a report on Tuesday, January 13th. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Essex Property Trust presently has a consensus rating of “Hold” and an average target price of $283.87.

Essex Property Trust Stock Up 1.1%

Shares of NYSE:ESS opened at $258.20 on Wednesday. The firm has a market capitalization of $16.65 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 8.02 and a beta of 0.74. The business has a 50 day simple moving average of $255.66 and a two-hundred day simple moving average of $259.04. Essex Property Trust, Inc. has a 1 year low of $243.25 and a 1 year high of $316.29. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.03 and a quick ratio of 1.18.

Essex Property Trust (NYSE:ESS) last issued 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). Essex Property Trust had a return on equity of 11.61% and a net margin of 35.48%.The business had revenue of $479.63 million during the quarter, compared to analysts’ expectations of $474.66 million. During the same quarter in the previous year, the company posted $3.92 earnings per share. 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. On average, equities analysts predict that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $2.59 dividend. The ex-dividend date is Tuesday, March 31st. This is a boost from Essex Property Trust’s previous quarterly dividend of $2.57. This represents a $10.36 dividend on an annualized basis and a dividend yield of 4.0%. Essex Property Trust’s dividend payout ratio (DPR) is currently 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.