Jump Financial LLC Sells 9,163 Shares of Essex Property Trust, Inc. $ESS

Key Points

• Jump Financial LLC significantly reduced its holdings in Essex Property Trust by 91.2% in the first quarter, leaving them with only 888 shares valued at approximately $272,000.
• Essex Property Trust reported $4.03 earnings per share (EPS) for the recent quarter, surpassing analysts' expectations, and set Q3 2025 guidance between $3.890-3.990 EPS.
• Multiple equity analysts have updated their price targets on Essex Property Trust, with consensus now at $300.44, reflecting a mix of ratings that include seven buy and ten hold recommendations.

Jump Financial LLC trimmed its position in Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 91.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 888 shares of the real estate investment trust's stock after selling 9,163 shares during the period. Jump Financial LLC's holdings in Essex Property Trust were worth $272,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of ESS. Aew Capital Management L P boosted its holdings in shares of Essex Property Trust by 1.7% during the first quarter. Aew Capital Management L P now owns 60,781 shares of the real estate investment trust's stock worth $18,634,000 after purchasing an additional 990 shares during the period. APG Asset Management US Inc. raised its position in shares of Essex Property Trust by 41.6% during the 1st quarter. APG Asset Management US Inc. now owns 117,251 shares of the real estate investment trust's stock worth $35,821,000 after purchasing an additional 34,438 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Essex Property Trust by 16.6% during the 1st quarter. Kestra Advisory Services LLC now owns 3,444 shares of the real estate investment trust's stock worth $1,056,000 after buying an additional 490 shares during the last quarter. Allstate Corp boosted its position in Essex Property Trust by 170.0% in the 1st quarter. Allstate Corp now owns 11,701 shares of the real estate investment trust's stock valued at $3,587,000 after buying an additional 7,368 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Essex Property Trust by 6.6% in the first quarter. Ameriprise Financial Inc. now owns 854,606 shares of the real estate investment trust's stock valued at $261,205,000 after purchasing an additional 52,793 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

ESS has been the topic of a number of research analyst reports. Barclays decreased their price target on shares of Essex Property Trust from $335.00 to $298.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Piper Sandler downgraded shares of Essex Property Trust from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $355.00 to $275.00 in a research note on Monday, August 4th. Evercore ISI dropped their price target on shares of Essex Property Trust from $285.00 to $279.00 and set an "in-line" rating on the stock in a research report on Tuesday, August 12th. Raymond James Financial upgraded shares of Essex Property Trust from a "market perform" rating to an "outperform" rating and set a $315.00 price target on the stock in a research note on Tuesday, June 24th. Finally, Mizuho cut their price objective on shares of Essex Property Trust from $314.00 to $293.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $300.44.

Essex Property Trust Trading Down 1.1%

Essex Property Trust stock traded down $2.88 during trading on Monday, reaching $265.24. 121,003 shares of the company were exchanged, compared to its average volume of 483,796. Essex Property Trust, Inc. has a 52-week low of $243.85 and a 52-week high of $317.73. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.09. The stock's 50 day simple moving average is $272.24 and its two-hundred day simple moving average is $281.48. The company has a market capitalization of $17.08 billion, a P/E ratio of 21.34, a PEG ratio of 6.89 and a beta of 0.83.

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

Essex Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $2.57 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $10.28 dividend on an annualized basis and a dividend yield of 3.9%. Essex Property Trust's dividend payout ratio is currently 82.64%.

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.