Saudi Central Bank Buys 2,136 Shares of Essex Property Trust, Inc. $ESS

Saudi Central Bank increased its stake in Essex Property Trust, Inc. (NYSE:ESS) by 89.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,513 shares of the real estate investment trust’s stock after acquiring an additional 2,136 shares during the period. Saudi Central Bank’s holdings in Essex Property Trust were worth $1,316,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Essex Property Trust in the 2nd quarter worth approximately $2,166,555,000. Legal & General Group Plc purchased a new position in shares of Essex Property Trust in the second quarter worth about $260,252,000. Norges Bank purchased a new position in shares of Essex Property Trust in the fourth quarter worth about $230,690,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Essex Property Trust by 23,177.2% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 757,439 shares of the real estate investment trust’s stock valued at $220,862,000 after acquiring an additional 754,185 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Essex Property Trust by 973.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 743,954 shares of the real estate investment trust’s stock valued at $199,127,000 after acquiring an additional 674,617 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays raised their price target on Essex Property Trust from $296.00 to $297.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Wall Street Zen lowered Essex Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Stifel Nicolaus set a $292.75 target price on shares of Essex Property Trust in a report on Thursday, July 30th. UBS Group set a $290.00 target price on shares of Essex Property Trust in a research note on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft set a $325.00 price target on shares of Essex Property Trust in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $304.14.

Essex Property Trust Trading Down 0.2%

NYSE:ESS opened at $277.92 on Wednesday. The company has a 50-day moving average price of $288.76 and a 200-day moving average price of $272.18. The stock has a market cap of $17.86 billion, a price-to-earnings ratio of 43.22, a P/E/G ratio of 10.19 and a beta of 0.69. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.22. Essex Property Trust, Inc. has a 12 month low of $238.46 and a 12 month high of $303.35.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $2.62. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. The company had revenue of $489.05 million for the quarter, compared to analysts’ expectations of $485.12 million. During the same quarter in the previous year, the company earned $4.03 earnings per share. 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. Equities analysts predict that Essex Property Trust, Inc. will post 16.18 EPS for the current year.

Essex Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders 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 dividend yield of 3.7%. Essex Property Trust’s dividend 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.