New Age Alpha Advisors LLC Has $3 Million Position in Essex Property Trust, Inc. $ESS

New Age Alpha Advisors LLC lowered its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 14.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,444 shares of the real estate investment trust’s stock after selling 2,010 shares during the period. New Age Alpha Advisors LLC’s holdings in Essex Property Trust were worth $2,995,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. raised its position in Essex Property Trust by 67.8% in the fourth quarter. Hantz Financial Services Inc. now owns 193 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 78 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Essex Property Trust during the fourth quarter valued at approximately $237,000. MQS Management LLC bought a new stake in shares of Essex Property Trust during the fourth quarter valued at approximately $1,244,000. Kingdom Financial Group LLC. bought a new stake in shares of Essex Property Trust during the fourth quarter valued at approximately $299,000. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Essex Property Trust by 1.1% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 33,973 shares of the real estate investment trust’s stock valued at $8,890,000 after purchasing an additional 377 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Essex Property Trust Trading Up 0.4%

ESS opened at $277.89 on Wednesday. The firm’s fifty day moving average is $256.68 and its two-hundred day moving average is $256.40. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $17.86 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 11.97 and a beta of 0.71. Essex Property Trust, Inc. has a twelve month low of $238.46 and a twelve month high of $294.09.

Essex Property Trust (NYSE:ESS) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($2.31). The firm had revenue of $484.76 million during the quarter, compared to analyst estimates of $479.89 million. Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.During the same quarter 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 research analysts anticipate that Essex Property Trust, Inc. will post 16.06 EPS for the current year.

Essex Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $2.59 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $10.36 annualized dividend and a yield of 3.7%. Essex Property Trust’s dividend payout ratio (DPR) is 116.40%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ESS shares. Weiss Ratings upgraded shares of Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Cantor Fitzgerald increased their price objective on shares of Essex Property Trust from $290.00 to $291.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Morgan Stanley set a $293.00 price objective on shares of Essex Property Trust in a report on Friday, May 15th. Royal Bank Of Canada increased their price objective on shares of Essex Property Trust from $282.00 to $288.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Finally, Stifel Nicolaus increased their price objective on shares of Essex Property Trust from $278.00 to $281.50 and gave the company a “hold” rating in a report on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Essex Property Trust has an average rating of “Hold” and an average target price of $283.74.

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.