Envestnet Asset Management Inc. Has $14.70 Million Stock Position in Essex Property Trust, Inc. $ESS

Envestnet Asset Management Inc. lessened its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,933 shares of the real estate investment trust’s stock after selling 3,058 shares during the quarter. Envestnet Asset Management Inc. owned 0.09% of Essex Property Trust worth $14,703,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Essex Property Trust by 0.5% in the second quarter. Vanguard Group Inc. now owns 10,493,313 shares of the real estate investment trust’s stock valued at $2,973,805,000 after buying an additional 53,039 shares in the last quarter. State Street Corp lifted its holdings in shares of Essex Property Trust by 2.5% in the second quarter. State Street Corp now owns 5,388,169 shares of the real estate investment trust’s stock worth $1,540,570,000 after acquiring an additional 129,806 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Essex Property Trust by 1.3% in the 2nd 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. grew its holdings in shares of Essex Property Trust by 48.3% during 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 purchasing an additional 344,287 shares during the last quarter. Finally, Boston Partners increased its position in 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 worth $243,910,000 after purchasing an additional 189,663 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ESS. Jefferies Financial Group reaffirmed a “hold” rating and set a $282.00 target price (down previously from $304.00) on shares of Essex Property Trust in a research note on Monday, December 15th. Wall Street Zen lowered Essex Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Evercore dropped their target price on Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating for the company in a research report on Monday, November 3rd. Truist Financial cut their price target on Essex Property Trust from $283.00 to $273.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Finally, Barclays reaffirmed a “positive” rating and issued a $292.00 price objective on shares of Essex Property Trust in a research note on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $283.87.

Essex Property Trust Stock Down 0.0%

Essex Property Trust stock opened at $251.34 on Tuesday. The company has a market capitalization of $16.19 billion, a PE ratio of 24.14, a PEG ratio of 7.89 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’s fifty day moving average is $255.77 and its 200 day moving average is $259.06. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.19.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $3.98 EPS for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.02). Essex Property Trust had a net margin of 35.48% and a return on equity of 11.61%. The firm had revenue of $479.63 million during the quarter, compared to analyst estimates of $474.66 million. During the same period last year, the business posted $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. As a group, sell-side analysts predict that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were given a $2.57 dividend. This represents a $10.28 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, January 2nd. Essex Property Trust’s dividend payout ratio (DPR) is currently 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.