Aberdeen Group plc Has $59.01 Million Stock Holdings in Essex Property Trust, Inc. $ESS

Key Points

• Aberdeen Group plc increased its holding in Essex Property Trust by 38.4%, acquiring an additional 53,502 shares, bringing its total stake to 192,941 shares valued at approximately $59 million.
• Essex Property Trust reported a net margin of 43.51% and earnings per share of $4.03, exceeding analyst expectations for the quarter.
• Various institutional investors, including Vanguard Group and Northern Trust, have recently made adjustments to their positions in Essex Property Trust, indicating strong institutional interest with 96.51% of the stock owned by such investors.

Aberdeen Group plc raised its position in Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 38.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 192,941 shares of the real estate investment trust's stock after buying an additional 53,502 shares during the quarter. Aberdeen Group plc owned about 0.30% of Essex Property Trust worth $59,011,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Zions Bancorporation National Association UT purchased a new position in shares of Essex Property Trust during the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of Essex Property Trust during the 1st quarter worth $35,000. Ameriflex Group Inc. purchased a new position in shares of Essex Property Trust in the 4th quarter valued at about $59,000. Alpine Bank Wealth Management acquired a new stake in shares of Essex Property Trust in the first quarter valued at about $82,000. Finally, CoreCap Advisors LLC boosted its holdings in Essex Property Trust by 17.7% during the fourth quarter. CoreCap Advisors LLC now owns 365 shares of the real estate investment trust's stock worth $104,000 after buying an additional 55 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ESS has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their price target on Essex Property Trust from $306.00 to $307.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. BMO Capital Markets upped their target price on Essex Property Trust from $315.00 to $317.00 and gave the company an "outperform" rating in a research note on Wednesday, May 28th. Mizuho dropped their price target on Essex Property Trust from $314.00 to $293.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Piper Sandler lowered Essex Property Trust from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $355.00 to $275.00 in a research note on Monday, August 4th. Finally, Evercore ISI dropped their price objective on Essex Property Trust from $285.00 to $279.00 and set an "in-line" rating for the company in a research report on Tuesday, August 12th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Essex Property Trust has an average rating of "Hold" and a consensus price target of $302.86.

Essex Property Trust Trading Up 0.1%

ESS traded up $0.2150 during trading on Thursday, hitting $262.2550. 52,522 shares of the company's stock were exchanged, compared to its average volume of 491,177. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.16. The firm has a market cap of $16.89 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 6.75 and a beta of 0.80. The stock has a 50 day moving average price of $276.85 and a 200 day moving average price of $283.69. Essex Property Trust, Inc. has a 1 year low of $243.85 and a 1 year high of $317.73.

Essex Property Trust (NYSE:ESS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.99 by $0.04. The firm had revenue of $465.84 million for the quarter, compared to analysts' expectations of $466.47 million. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. During the same period in the prior year, the company 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. As a group, analysts expect that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

About Essex Property Trust

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.