National Pension Service Has $37.93 Million Stock Holdings in Essex Property Trust, Inc. $ESS

Key Points

• The National Pension Service increased its stake in Essex Property Trust by 8.1%, now holding 123,707 shares worth approximately $37.93 million.
• Essex Property Trust reported an EPS of $4.03 for the last quarter, slightly exceeding analysts' expectations, while its revenue was $465.84 million.
• Analysts have recently varied their target prices for Essex Property Trust, with reductions from firms like Barclays and Morgan Stanley, reflecting a consensus rating of "Hold" on the stock.

National Pension Service raised its position in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 8.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,707 shares of the real estate investment trust's stock after buying an additional 9,276 shares during the quarter. National Pension Service owned about 0.19% of Essex Property Trust worth $37,925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new stake in Essex Property Trust during the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. acquired a new position in Essex Property Trust in the first quarter valued at approximately $35,000. Ameriflex Group Inc. acquired a new position in Essex Property Trust in the fourth quarter valued at approximately $59,000. Alpine Bank Wealth Management acquired a new position in Essex Property Trust in the first quarter valued at approximately $82,000. Finally, CoreCap Advisors LLC boosted its stake in Essex Property Trust by 17.7% in the fourth quarter. CoreCap Advisors LLC now owns 365 shares of the real estate investment trust's stock valued at $104,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Essex Property Trust Price Performance

NYSE:ESS traded up $0.3120 during midday trading on Wednesday, hitting $262.6720. 296,109 shares of the stock were exchanged, compared to its average volume of 491,954. Essex Property Trust, Inc. has a one year low of $243.85 and a one year high of $317.73. The company has a market capitalization of $16.92 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 6.59 and a beta of 0.80. The business has a 50-day moving average price of $277.33 and a two-hundred day moving average price of $283.84. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.16.

Essex Property Trust (NYSE:ESS - Get Free Report) last posted 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. The company 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 company earned $3.94 earnings per share. Essex Property Trust has set its Q3 2025 guidance at 3.890-3.990 EPS. FY 2025 guidance at 15.800-16.020 EPS. Sell-side analysts predict that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Analysts Set New Price Targets

ESS has been the subject of a number of research reports. Truist Financial decreased their target price on Essex Property Trust from $295.00 to $283.00 and set a "hold" rating for the company in a research note on Tuesday, August 12th. Mizuho decreased their target price on Essex Property Trust from $314.00 to $293.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. BMO Capital Markets boosted their price objective on Essex Property Trust from $315.00 to $317.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 28th. Evercore ISI reduced their price objective on Essex Property Trust from $285.00 to $279.00 and set an "in-line" rating for the company in a research report on Tuesday, August 12th. Finally, Scotiabank reduced their price objective on 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. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Essex Property Trust currently has an average rating of "Hold" and a consensus target price 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.