Andra AP fonden Sells 9,100 Shares of Essex Property Trust, Inc. $ESS

Key Points

• Andra AP fonden cut its Essex Property Trust stake by 52.7%, selling 9,100 shares and retaining 8,162 shares valued at approximately $2.38 million. Institutional investors and hedge funds collectively own 96.51% of ESS.
• Essex reported quarterly EPS of $4.08, exceeding estimates of $1.46, while revenue reached $489.05 million. Management guided for third-quarter 2026 EPS of $3.93–$4.05 and full-year EPS of $16.03–$16.25.
• The company declared a quarterly dividend of $2.59 per share, equivalent to $10.36 annually and a 3.8% yield. Analysts’ consensus rating is “Hold,” with an average price target of $303.04 versus the reported share price of $273.77.

Andra AP fonden lessened its stake in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 52.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,162 shares of the real estate investment trust's stock after selling 9,100 shares during the period. Andra AP fonden's holdings in Essex Property Trust were worth $2,380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new stake in Essex Property Trust during the second quarter worth $220,000. National Pension Service grew its holdings in Essex Property Trust by 22.5% during the 2nd quarter. National Pension Service now owns 5,033 shares of the real estate investment trust's stock worth $1,468,000 after acquiring an additional 923 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Essex Property Trust in the second quarter valued at $272,000. NewEdge Advisors LLC bought a new position in Essex Property Trust during the 2nd quarter worth $299,000. Finally, Squarepoint Ops LLC raised its position in Essex Property Trust by 75.8% during the 2nd quarter. Squarepoint Ops LLC now owns 5,472 shares of the real estate investment trust's stock worth $1,596,000 after purchasing an additional 2,359 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Essex Property Trust Stock Performance

Shares of ESS stock opened at $273.77 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.22. Essex Property Trust, Inc. has a 12 month low of $238.46 and a 12 month high of $303.35. The firm has a market capitalization of $17.59 billion, a PE ratio of 42.58, a price-to-earnings-growth ratio of 10.09 and a beta of 0.69. The firm has a fifty day simple moving average of $283.76 and a two-hundred day simple moving average of $273.41.

Essex Property Trust (NYSE:ESS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $2.62. The firm had revenue of $489.05 million during the quarter, compared to analyst estimates of $485.12 million. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.During the same period in the previous year, the company posted $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. Analysts forecast that Essex Property Trust, Inc. will post 16.12 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $2.59 dividend. This represents a $10.36 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Essex Property Trust's dividend payout ratio is presently 161.12%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ESS shares. Sanford C. Bernstein started coverage on shares of Essex Property Trust in a research report on Friday, June 26th. They set an "outperform" rating and a $320.00 target price for the company. Jefferies Financial Group upgraded shares of Essex Property Trust to a "strong-buy" rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price target on Essex Property Trust from $275.00 to $295.00 and gave the stock an "underweight" rating in a report on Friday, August 14th. Citizens Jmp raised Essex Property Trust from a "market perform" rating to an "outperform" rating and set a $330.00 price objective for the company in a research report on Friday, July 31st. Finally, Cantor Fitzgerald boosted their price target on Essex Property Trust from $291.00 to $316.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Essex Property Trust presently has a consensus rating of "Hold" and a consensus target price of $303.04.

Essex Property Trust Profile

Essex Property Trust, Inc is a self-administered and self-managed real estate investment trust that owns, operates, develops and redevelops multifamily residential communities. Its portfolio primarily consists of apartment homes, supported by property management, maintenance and resident services.

The company focuses on high-demand coastal markets on the West Coast, particularly Northern and Southern California and the Seattle metropolitan area in Washington. Essex's properties are generally located near employment centers, transportation networks and other amenities, serving renters in major urban and suburban communities.

Founded in 1971, Essex Property Trust became a publicly traded real estate investment trust in 1994.

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