Essex Property Trust, Inc. $ESS Position Trimmed by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. has reduced its stake in Essex Property Trust by 1.1%, now holding approximately 0.21% of the company valued at $37.5 million.
• Essex Property Trust recently posted earnings of $4.03 per share, exceeding analysts' expectations, and has set a Q3 2025 EPS guidance of 3.890-3.990.
• The company announced a quarterly dividend of $2.57 per share, reflecting a 3.9% dividend yield and an annualized payout of $10.28.

Asset Management One Co. Ltd. decreased its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 132,450 shares of the real estate investment trust's stock after selling 1,436 shares during the period. Asset Management One Co. Ltd. owned about 0.21% of Essex Property Trust worth $37,536,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ESS. Valeo Financial Advisors LLC increased its stake in Essex Property Trust by 151,452.8% during the second quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust's stock valued at $843,969,000 after purchasing an additional 2,976,047 shares during the last quarter. Wealthquest Corp bought a new stake in Essex Property Trust during the first quarter valued at $384,606,000. Price T Rowe Associates Inc. MD increased its stake in Essex Property Trust by 66.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,746,242 shares of the real estate investment trust's stock valued at $841,916,000 after purchasing an additional 1,096,619 shares during the last quarter. Resolution Capital Ltd increased its stake in Essex Property Trust by 59.0% during the first quarter. Resolution Capital Ltd now owns 821,968 shares of the real estate investment trust's stock valued at $251,991,000 after purchasing an additional 304,936 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Essex Property Trust during the first quarter worth about $91,014,000. Institutional investors own 96.51% of the company's stock.

Essex Property Trust Stock Performance

Shares of ESS opened at $264.74 on Friday. The firm has a 50-day moving average price of $264.17 and a 200 day moving average price of $273.40. The firm has a market capitalization of $17.05 billion, a PE ratio of 21.28, a P/E/G ratio of 6.40 and a beta of 0.81. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. Essex Property Trust, Inc. has a 52-week low of $243.85 and a 52-week high of $316.29.

Essex Property Trust (NYSE:ESS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.99 by $0.04. The firm had revenue of $465.84 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $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. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $2.57 per share. The ex-dividend date was Tuesday, September 30th. This represents a $10.28 annualized dividend and a dividend yield of 3.9%. Essex Property Trust's dividend payout ratio (DPR) is 82.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ESS shares. Barclays lowered their price target on shares of Essex Property Trust from $298.00 to $297.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 30th. Scotiabank lowered their price target on shares of Essex Property Trust from $320.00 to $309.00 and set a "sector outperform" rating for the company in a research report on Tuesday, August 5th. Cantor Fitzgerald started coverage on shares of Essex Property Trust in a research report on Wednesday, October 1st. They set an "overweight" rating and a $300.00 price target for the company. Wall Street Zen lowered shares of Essex Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Truist Financial lowered their price target on shares of Essex Property Trust from $295.00 to $283.00 and set a "hold" rating for the company in a research report on Tuesday, August 12th. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $297.09.

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.

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