7,243 Essex Property Trust, Inc. $ESS Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management reduced its Essex Property Trust stake by 12.5%, selling 7,243 shares and retaining 50,564 shares valued at about $13.6 million. Institutional investors collectively own 96.51% of ESS.
• Essex shares were trading at $278.71, down 1.3%, with a market capitalization of approximately $17.9 billion. The company reported quarterly EPS of $4.08, exceeding estimates of $1.46, and revenue of $489.05 million.
• The REIT paid a quarterly dividend of $2.59 per share, representing an annualized dividend of $10.36 and a 3.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $298.99.

Robeco Institutional Asset Management B.V. cut its position in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 12.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,564 shares of the real estate investment trust's stock after selling 7,243 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.08% of Essex Property Trust worth $13,621,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ESS. Bank of America Corp DE acquired a new stake in shares of Essex Property Trust in the second quarter valued at about $80,281,000. Jefferies Financial Group Inc. acquired a new position in Essex Property Trust during the 2nd quarter valued at approximately $2,889,000. The Manufacturers Life Insurance Company bought a new position in shares of Essex Property Trust during the second quarter worth about $11,451,000. BlackRock Inc. acquired a new stake in Essex Property Trust in the 2nd quarter valued at approximately $2,166,555,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Essex Property Trust during the 2nd quarter worth about $31,204,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Essex Property Trust Trading Down 1.3%

NYSE ESS opened at $278.71 on Friday. Essex Property Trust, Inc. has a twelve month low of $238.46 and a twelve month high of $303.35. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 8.39 and a beta of 0.70. The firm's 50 day moving average price is $276.10 and its two-hundred day moving average price is $277.05.

Essex Property Trust (NYSE:ESS - Get Free Report) last announced its 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. The company had revenue of $489.05 million for the quarter, compared to the consensus estimate of $485.12 million. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. During the same period in the previous year, the business earned $4.03 EPS. 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 anticipate that Essex Property Trust, Inc. will post 16.11 EPS for the current year.

Essex Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $2.59 per share. The ex-dividend date was Wednesday, September 30th. This represents a $10.36 dividend on an annualized basis and a yield of 3.7%. Essex Property Trust's dividend payout ratio (DPR) is presently 161.12%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ESS. Royal Bank Of Canada reduced their price objective on shares of Essex Property Trust from $312.00 to $298.00 and set an "outperform" rating for the company in a research report on Tuesday, October 13th. Weiss Ratings downgraded shares of Essex Property Trust from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft set a $325.00 target price on shares of Essex Property Trust in a report on Tuesday, August 18th. Citizens Jmp upgraded Essex Property Trust from a "market perform" rating to an "outperform" rating and set a $330.00 target price on the stock in a report on Friday, July 31st. Finally, Stifel Nicolaus set a $292.75 price target on Essex Property Trust in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Essex Property Trust presently has an average rating of "Moderate Buy" and an average price target of $298.99.

About Essex Property Trust

Essex Property Trust, Inc is a self-administered and self-managed real estate investment trust that owns, develops, redevelops, and manages multifamily apartment communities. The company focuses on providing rental housing in high-demand markets and generates revenue primarily from apartment rents and related resident services.

Founded in 1971 and headquartered in San Mateo, California, Essex operates primarily in Southern California, the San Francisco Bay Area, and the Seattle metropolitan area.

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