Mary Kasaris Sells 600 Shares of Essex Property Trust (NYSE:ESS) Stock

Essex Property Trust, Inc. (NYSE:ESS) Director Mary Kasaris sold 600 shares of Essex Property Trust stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total value of $167,670.00. Following the completion of the sale, the director owned 2,394 shares in the company, valued at $669,003.30. This represents a 20.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Essex Property Trust Price Performance

NYSE:ESS opened at $272.90 on Friday. Essex Property Trust, Inc. has a 52 week low of $238.46 and a 52 week high of $294.09. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $17.54 billion, a P/E ratio of 30.66, a P/E/G ratio of 11.79 and a beta of 0.71. The stock’s fifty day moving average is $258.26 and its two-hundred day moving average is $256.77.

Essex Property Trust (NYSE:ESS) last posted its 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). Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. The business had revenue of $484.76 million during the quarter, compared to analysts’ expectations of $479.89 million. During the same quarter in the prior year, the firm earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Equities analysts expect that Essex Property Trust, Inc. will post 16.08 EPS for the current year.

Essex Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $2.59 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $10.36 dividend on an annualized basis and a yield of 3.8%. Essex Property Trust’s payout ratio is currently 116.40%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nemes Rush Group LLC acquired a new position in Essex Property Trust during the 4th quarter worth $27,000. Generali Asset Management SPA SGR acquired a new position in Essex Property Trust during the 4th quarter worth $29,000. Hantz Financial Services Inc. grew its stake in Essex Property Trust by 57.5% during the 3rd 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 in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Essex Property Trust during the 1st quarter worth $38,000. Finally, Western Wealth Management LLC acquired a new position in Essex Property Trust during the 1st quarter worth $44,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ESS has been the subject of a number of research reports. Wells Fargo & Company dropped their price objective on Essex Property Trust from $268.00 to $262.00 and set an “equal weight” rating for the company in a research note on Thursday, April 23rd. Piper Sandler raised Essex Property Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $275.00 to $310.00 in a research note on Monday, May 4th. Raymond James Financial reaffirmed a “market perform” rating on shares of Essex Property Trust in a research note on Friday, February 27th. Scotiabank lifted their price objective on Essex Property Trust from $278.00 to $282.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Finally, Robert W. Baird lifted their price objective 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. Five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $284.50.

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.