Hsbc Holdings PLC Raises Position in Essex Property Trust, Inc. $ESS

Hsbc Holdings PLC raised its position in Essex Property Trust, Inc. (NYSE:ESS) by 3.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 219,383 shares of the real estate investment trust’s stock after acquiring an additional 6,764 shares during the quarter. Hsbc Holdings PLC’s holdings in Essex Property Trust were worth $53,110,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nemes Rush Group LLC purchased a new position in shares of Essex Property Trust in the fourth quarter valued at approximately $27,000. Generali Asset Management SPA SGR purchased a new stake in shares of Essex Property Trust during the fourth quarter worth approximately $29,000. True Wealth Design LLC increased its position in shares of Essex Property Trust by 120.0% during the fourth quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 96 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in Essex Property Trust in the 2nd quarter valued at $54,000. Finally, Advisory Services Network LLC acquired a new position in Essex Property Trust in the 3rd quarter valued at $51,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Essex Property Trust Stock Performance

Shares of Essex Property Trust stock opened at $293.76 on Tuesday. The business’s 50 day moving average price is $283.44 and its 200 day moving average price is $264.05. The company has a market cap of $18.88 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 12.63 and a beta of 0.70. 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 $303.35.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $484.76 million during the quarter, compared to analysts’ expectations of $479.89 million. During the same quarter in the previous year, the company earned $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, research analysts predict that Essex Property Trust, Inc. will post 16.11 EPS for the current year.

Essex Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $2.59 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $10.36 annualized dividend and a dividend yield of 3.5%. Essex Property Trust’s payout ratio is presently 116.40%.

Analyst Upgrades and Downgrades

ESS has been the topic of a number of research reports. Evercore restated an “outperform” rating and issued a $296.00 price objective on shares of Essex Property Trust in a report on Monday, June 8th. JPMorgan Chase & Co. increased their target price on shares of Essex Property Trust from $272.00 to $275.00 and gave the company an “underweight” rating in a research report on Monday, May 18th. Jefferies Financial Group raised shares of Essex Property Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. UBS Group set a $290.00 price target on shares of Essex Property Trust in a research report on Thursday, June 18th. Finally, Weiss Ratings upgraded shares of Essex Property Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $295.97.

Insider Activity

In related news, Director Mary Kasaris sold 600 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $669,003.30. This represents a 20.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.47% of the company’s stock.

Essex Property Trust Company 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.