Hsbc Holdings PLC Increases Stake in Essex Property Trust, Inc. $ESS

Hsbc Holdings PLC lifted its stake in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 16.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 255,953 shares of the real estate investment trust's stock after buying an additional 36,570 shares during the period. Hsbc Holdings PLC owned approximately 0.40% of Essex Property Trust worth $74,687,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ESS. Nemes Rush Group LLC purchased a new stake in shares of Essex Property Trust in the 4th quarter valued at $27,000. Generali Asset Management SPA SGR purchased a new stake in shares of Essex Property Trust during the 4th quarter worth about $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in Essex Property Trust in the first quarter valued at approximately $38,000. Western Wealth Management LLC acquired a new stake in Essex Property Trust in the 1st quarter valued at $44,000. Finally, Elevation Wealth Partners LLC increased its stake in shares of Essex Property Trust by 523.1% during the second quarter. Elevation Wealth Partners LLC now owns 162 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 136 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on ESS. Citizens Jmp upgraded Essex Property Trust from a "market perform" rating to an "outperform" rating and set a $330.00 price target for the company in a research report on Friday, July 31st. UBS Group set a $290.00 price target on shares of Essex Property Trust in a research report on Thursday, June 18th. Wells Fargo & Company upped their price objective on shares of Essex Property Trust from $280.00 to $297.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price objective on shares of Essex Property Trust from $275.00 to $295.00 and gave the company an "underweight" rating in a report on Friday, August 14th. Finally, Weiss Ratings raised shares of Essex Property Trust from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $304.79.

Essex Property Trust Price Performance

Shares of ESS stock opened at $278.53 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $17.90 billion, a PE ratio of 43.32, a price-to-earnings-growth ratio of 10.19 and a beta of 0.69. The firm's 50-day moving average is $289.38 and its two-hundred day moving average is $271.85. Essex Property Trust, Inc. has a 12 month low of $238.46 and a 12 month high of $303.35.

Essex Property Trust (NYSE:ESS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, beating the consensus estimate of $1.46 by $2.62. The business had revenue of $489.05 million during the quarter, compared to analysts' expectations of $485.12 million. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. During the same quarter in the prior 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 predict that Essex Property Trust, Inc. will post 16.18 earnings per share for the current year.

Essex Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $2.59 dividend. This represents a $10.36 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, September 30th. Essex Property Trust's dividend payout ratio is presently 161.12%.

Essex Property Trust Company Profile

Essex Property Trust, Inc NYSE: ESS is a publicly traded real estate investment trust that acquires, develops, owns and operates multifamily residential properties. The company focuses on market-rate apartment communities and delivers a full suite of property services including leasing, resident services, asset management, and capital improvement programs designed to preserve and enhance long‑term property values.

Essex concentrates its portfolio in West Coast markets, with a significant presence in California and the Pacific Northwest.

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