Dimensional Fund Advisors LP Has $287.63 Million Position in Essex Property Trust, Inc. $ESS

Key Points

• Dimensional Fund Advisors LP reduced its stake in Essex Property Trust by 2.0%, selling 18,814 shares, which left it owning 938,224 shares valued at approximately $287.6 million.
• Essex Property Trust reported an EPS of $4.03 for the last quarter, slightly exceeding analysts' expectations, and had a revenue of $465.84 million.
• Analysts have recently adjusted their price targets for Essex Property Trust, with Barclays lowering it to $298.00 and Morgan Stanley to $285.00, maintaining "equal weight" ratings on the stock.

Dimensional Fund Advisors LP lessened its stake in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 2.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 938,224 shares of the real estate investment trust's stock after selling 18,814 shares during the period. Dimensional Fund Advisors LP owned about 1.46% of Essex Property Trust worth $287,629,000 at the end of the most recent reporting period.

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

Essex Property Trust Trading Up 0.2%

ESS traded up $0.3960 during midday trading on Thursday, reaching $262.4360. 168,157 shares of the company were exchanged, compared to its average volume of 491,827. The stock has a market capitalization of $16.90 billion, a P/E ratio of 21.11, a PEG ratio of 6.75 and a beta of 0.80. Essex Property Trust, Inc. has a one year low of $243.85 and a one year high of $317.73. The stock's 50-day simple moving average is $276.85 and its 200 day simple moving average is $283.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.09 and a current ratio of 1.09.

Essex Property Trust (NYSE:ESS - Get Free Report) last announced 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. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. The company had revenue of $465.84 million during the quarter, compared to analyst estimates of $466.47 million. During the same quarter in the previous year, the business earned $3.94 EPS. 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 forecast that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on ESS shares. BMO Capital Markets increased their price objective on Essex Property Trust from $315.00 to $317.00 and gave the company an "outperform" rating in a report on Wednesday, May 28th. Mizuho reduced their price target on shares of Essex Property Trust from $314.00 to $293.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Stifel Nicolaus raised their target price on Essex Property Trust from $301.50 to $305.50 and gave the company a "hold" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada upped their price target on shares of Essex Property Trust from $306.00 to $307.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Essex Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $302.86.

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.