Nykredit A S Makes New Investment in Essex Property Trust, Inc. $ESS

Nykredit A S acquired a new stake in Essex Property Trust, Inc. (NYSE:ESS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,533 shares of the real estate investment trust’s stock, valued at approximately $6,862,000.

A number of other institutional investors also recently modified their holdings of ESS. The Manufacturers Life Insurance Company acquired a new stake in shares of Essex Property Trust in the 2nd quarter worth about $11,451,000. Nomura Asset Management Co. Ltd. boosted its stake in Essex Property Trust by 2.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 255,533 shares of the real estate investment trust’s stock valued at $66,868,000 after purchasing an additional 6,422 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in Essex Property Trust during the 2nd quarter worth approximately $2,889,000. Norges Bank bought a new stake in Essex Property Trust during the 4th quarter worth approximately $230,690,000. Finally, Centersquare Investment Management LLC raised its stake in shares of Essex Property Trust by 6.0% in the fourth quarter. Centersquare Investment Management LLC now owns 548,017 shares of the real estate investment trust’s stock worth $143,405,000 after purchasing an additional 31,261 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Scotiabank raised their target price on Essex Property Trust from $290.00 to $307.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. UBS Group set a $290.00 price target on Essex Property Trust in a report on Thursday, June 18th. Weiss Ratings raised Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Stifel Nicolaus set a $292.75 price objective on Essex Property Trust in a research note on Thursday, July 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Essex Property Trust from $280.00 to $297.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Essex Property Trust has a consensus rating of “Moderate Buy” and a consensus target price of $304.79.

Essex Property Trust Price Performance

Essex Property Trust stock opened at $278.53 on Friday. Essex Property Trust, Inc. has a 52 week low of $238.46 and a 52 week high of $303.35. The company’s 50 day moving average price is $289.38 and its two-hundred day moving average price is $271.70. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.22. The stock has a market cap of $17.90 billion, a P/E ratio of 43.32, a P/E/G ratio of 10.19 and a beta of 0.69.

Essex Property Trust (NYSE:ESS) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $2.62. The firm had revenue of $489.05 million for the quarter, compared to the consensus estimate of $485.12 million. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.During the same quarter in the previous year, the business earned $4.03 EPS. Essex Property Trust has set its Q3 2026 guidance at 3.930-4.050 EPS and its FY 2026 guidance at 16.030-16.250 EPS. On average, equities analysts predict that Essex Property Trust, Inc. will post 16.18 earnings per share for the current year.

Essex Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $2.59 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $10.36 annualized dividend and a yield of 3.7%. Essex Property Trust’s payout ratio is currently 161.12%.

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.