1,080 Shares in Essex Property Trust, Inc. $ESS Bought by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC acquired 1,080 shares of Essex Property Trust, Inc. for approximately $331,000 in the first quarter, contributing to a high institutional ownership of 96.51% in the stock.
• Analysts have mixed ratings on ESS, with price targets ranging from $275.00 to $315.00 and a consensus rating of "Hold" with an average target price of $300.44.
• Essex Property Trust announced a quarterly dividend of $2.57 per share, yielding 3.8%, to be paid on October 15th, with an 82.64% payout ratio.

MBB Public Markets I LLC purchased a new position in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,080 shares of the real estate investment trust's stock, valued at approximately $331,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stephens Inc. AR grew its stake in shares of Essex Property Trust by 4.6% in the first quarter. Stephens Inc. AR now owns 985 shares of the real estate investment trust's stock valued at $302,000 after buying an additional 43 shares in the last quarter. Horizon Investments LLC increased its holdings in Essex Property Trust by 5.0% during the 1st quarter. Horizon Investments LLC now owns 929 shares of the real estate investment trust's stock worth $285,000 after purchasing an additional 44 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Essex Property Trust by 6.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 778 shares of the real estate investment trust's stock valued at $239,000 after buying an additional 46 shares during the last quarter. Brooklyn Investment Group grew its position in shares of Essex Property Trust by 34.8% in the 1st quarter. Brooklyn Investment Group now owns 190 shares of the real estate investment trust's stock worth $58,000 after acquiring an additional 49 shares in the last quarter. Finally, Capital Analysts LLC grew its position in shares of Essex Property Trust by 56.3% in the 1st quarter. Capital Analysts LLC now owns 136 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 49 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Essex Property Trust Stock Performance

ESS stock traded down $1.58 during midday trading on Friday, reaching $267.23. 244,805 shares of the company were exchanged, compared to its average volume of 479,983. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50-day moving average price of $270.87 and a two-hundred day moving average price of $280.87. Essex Property Trust, Inc. has a one year low of $243.85 and a one year high of $317.73. The firm has a market capitalization of $17.21 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 6.77 and a beta of 0.83.

Essex Property Trust (NYSE:ESS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.99 by $0.04. The business had revenue of $465.84 million for the quarter, compared to the consensus estimate of $466.47 million. Essex Property Trust had a return on equity of 13.98% and a net margin of 43.51%.During the same quarter in the prior year, the business posted $3.94 earnings per share. Essex Property Trust has set its Q3 2025 guidance at 3.890-3.990 EPS. FY 2025 guidance at 15.800-16.020 EPS. Equities research analysts forecast that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $2.57 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $10.28 annualized dividend and a yield of 3.8%. Essex Property Trust's payout ratio is presently 82.64%.

Wall Street Analysts Forecast Growth

ESS has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on Essex Property Trust from $325.00 to $279.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. BMO Capital Markets boosted their target price on Essex Property Trust from $315.00 to $317.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 28th. Morgan Stanley lowered their price target on Essex Property Trust from $304.00 to $285.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Truist Financial lowered their price target on Essex Property Trust from $295.00 to $283.00 and set a "hold" rating on the stock in a report on Tuesday, August 12th. Finally, Wall Street Zen upgraded Essex Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Essex Property Trust currently has an average rating of "Hold" and an average price target of $298.41.

Essex Property Trust Company Profile

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.