Essex Property Trust, Inc. $ESS Stake Boosted by ProShare Advisors LLC

ProShare Advisors LLC increased its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 619,245 shares of the real estate investment trust’s stock after purchasing an additional 17,904 shares during the quarter. ProShare Advisors LLC owned 0.96% of Essex Property Trust worth $162,044,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR bought a new position in Essex Property Trust during the fourth quarter worth $29,000. Hantz Financial Services Inc. lifted its stake in Essex Property Trust by 57.5% during the third quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 42 shares during the last quarter. True Wealth Design LLC lifted its stake in Essex Property Trust by 120.0% in the fourth quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 96 shares during the last quarter. Advisory Services Network LLC bought a new stake in Essex Property Trust in the third quarter valued at $51,000. Finally, MUFG Securities EMEA plc bought a new stake in Essex Property Trust in the second quarter valued at $54,000. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Essex Property Trust from $272.00 to $275.00 and gave the company an “underweight” rating in a research note on Monday. Wall Street Zen upgraded Essex Property Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Raymond James Financial reiterated a “market perform” rating on shares of Essex Property Trust in a research note on Friday, February 27th. Robert W. Baird raised their target price on Essex Property Trust from $279.00 to $281.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Finally, Barclays raised their target price on Essex Property Trust from $272.00 to $277.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $283.74.

Essex Property Trust Price Performance

Shares of ESS opened at $272.03 on Tuesday. The firm has a market capitalization of $17.48 billion, a price-to-earnings ratio of 30.56, a price-to-earnings-growth ratio of 11.56 and a beta of 0.71. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.98 and a current ratio of 0.98. Essex Property Trust, Inc. has a one year low of $238.46 and a one year high of $294.09. The stock’s fifty day moving average is $253.92 and its 200-day moving average is $255.46.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). The business had revenue of $484.76 million for the quarter, compared to analyst estimates of $479.89 million. Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. During the same period last year, the business posted $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Equities analysts anticipate that Essex Property Trust, Inc. will post 16.04 EPS for the current year.

Essex Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $2.59 per share. This represents a $10.36 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Essex Property Trust’s dividend payout ratio (DPR) is 116.40%.

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.