Allstate Corp Increases Stock Holdings in Essex Property Trust, Inc. $ESS

Allstate Corp grew its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 117.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,100 shares of the real estate investment trust’s stock after purchasing an additional 2,757 shares during the quarter. Allstate Corp’s holdings in Essex Property Trust were worth $1,365,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Valeo Financial Advisors LLC increased its holdings 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 buying an additional 2,976,047 shares in the last quarter. Norges Bank acquired a new position in Essex Property Trust during the 2nd quarter worth approximately $239,442,000. Daiwa Securities Group Inc. boosted its position in 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 boosted its stake in shares of Essex Property Trust by 28.3% during 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 shares of Essex Property Trust by 42.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 509,455 shares of the real estate investment trust’s stock valued at $144,400,000 after purchasing an additional 150,869 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $282.00 price objective (down previously from $304.00) on shares of Essex Property Trust in a research report on Monday, December 15th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $290.00 target price on shares of Essex Property Trust in a research report on Monday, January 5th. Wall Street Zen downgraded Essex Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Mizuho upped their target price on Essex Property Trust from $275.00 to $284.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. Finally, Wells Fargo & Company reduced their price target 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. Six research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $285.70.

Essex Property Trust Stock Down 0.8%

NYSE ESS opened at $256.20 on Wednesday. The stock’s 50 day simple moving average is $257.50 and its 200 day simple moving average is $263.24. The firm has a market cap of $16.50 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 6.15 and a beta of 0.73. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.18 and a quick 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 results on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $473.30 million during the quarter, compared to analyst estimates of $472.11 million. During the same quarter last year, the business 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. As a group, sell-side analysts forecast that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal 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 given a $2.57 dividend. The ex-dividend date was Friday, January 2nd. This represents a $10.28 dividend on an annualized basis and a dividend yield of 4.0%. Essex Property Trust’s dividend payout ratio is currently 78.12%.

Essex Property Trust Company 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.