Amundi Raises Stake in Essex Property Trust, Inc. $ESS

Key Points

• Amundi has increased its stake in Essex Property Trust, Inc. to approximately $29.50 million by acquiring an additional 1,787 shares, representing a 1.8% rise in ownership.
• Essex Property Trust reported $4.03 earnings per share, exceeding estimates, and has set earnings guidance of 3.890-3.990 EPS for Q3 2025.
• The company will pay a quarterly dividend of $2.57 on October 15, reflecting an annual yield of 3.8%.

Amundi increased its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,209 shares of the real estate investment trust's stock after buying an additional 1,787 shares during the period. Amundi owned about 0.16% of Essex Property Trust worth $29,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in Essex Property Trust during the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT acquired a new position in Essex Property Trust during the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. acquired a new position in Essex Property Trust during the 1st quarter worth approximately $35,000. Capital Analysts LLC grew its holdings in Essex Property Trust by 56.3% during 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. Finally, Brooklyn Investment Group grew its holdings in Essex Property Trust by 34.8% during 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. Institutional investors and hedge funds own 96.51% of the company's stock.

Essex Property Trust Stock Performance

Shares of Essex Property Trust stock traded down $2.69 on Friday, reaching $266.12. 72,198 shares of the stock were exchanged, compared to its average volume of 478,949. The firm has a market capitalization of $17.14 billion, a PE ratio of 21.38, a PEG ratio of 6.77 and a beta of 0.83. Essex Property Trust, Inc. has a 1-year low of $243.85 and a 1-year high of $317.73. The business has a fifty day moving average price of $270.87 and a two-hundred day moving average price of $280.87. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.16.

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

Essex Property Trust Announces Dividend

The firm 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. This represents a $10.28 annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, September 30th. Essex Property Trust's dividend payout ratio (DPR) is 82.64%.

Analyst Upgrades and Downgrades

Several research analysts have commented on ESS shares. Royal Bank Of Canada boosted their price target on shares of Essex Property Trust from $306.00 to $307.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Mizuho lowered their price target on shares of Essex Property Trust from $314.00 to $293.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Evercore ISI lowered their price target on shares of Essex Property Trust from $285.00 to $279.00 and set an "in-line" rating for the company in a report on Tuesday, August 12th. Scotiabank lowered their target price on shares of Essex Property Trust from $320.00 to $309.00 and set a "sector outperform" rating for the company in a report on Tuesday, August 5th. Finally, UBS Group lowered their target price on shares of Essex Property Trust from $297.00 to $295.00 and set a "neutral" rating for the company in a report on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.