Nykredit A S Makes New $6.86 Million Investment in Essex Property Trust, Inc. $ESS

Key Points

• Nykredit A S initiated a $6.86 million position in Essex Property Trust, purchasing 23,533 shares during the second quarter. Institutional investors collectively own 96.51% of the REIT.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus rating and an average price target of $304.79, above the stock’s reported $278.53 opening price.
• Essex reported quarterly EPS of $4.08, well above the $1.46 consensus estimate, and declared a quarterly dividend of $2.59, equivalent to a 3.7% annualized yield.

Nykredit A S purchased a new stake in Essex Property Trust, Inc. (NYSE:ESS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,533 shares of the real estate investment trust's stock, valued at approximately $6,862,000.

Several other large investors have also recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Essex Property Trust during the second quarter worth $2,166,555,000. Legal & General Group Plc acquired a new stake in Essex Property Trust in the second quarter valued at $260,252,000. Norges Bank bought a new position in Essex Property Trust during the 4th quarter worth $230,690,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Essex Property Trust by 23,177.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 757,439 shares of the real estate investment trust's stock worth $220,862,000 after purchasing an additional 754,185 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Essex Property Trust by 973.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 743,954 shares of the real estate investment trust's stock worth $199,127,000 after buying an additional 674,617 shares during the period. Institutional investors own 96.51% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on ESS shares. Cantor Fitzgerald upped their price target on Essex Property Trust from $291.00 to $316.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Wells Fargo & Company lifted their price objective on Essex Property Trust from $280.00 to $297.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 22nd. Evercore reiterated an "outperform" rating and issued a $303.00 target price on shares of Essex Property Trust in a report on Thursday, July 30th. Piper Sandler increased their target price on shares of Essex Property Trust from $310.00 to $352.00 and gave the company an "overweight" rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Essex Property Trust from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $304.79.

Essex Property Trust Stock Down 0.0%

Shares of Essex Property Trust stock opened at $278.53 on Friday. The stock's 50-day moving average is $289.38 and its 200 day moving average is $271.70. Essex Property Trust, Inc. has a one year low of $238.46 and a one year high of $303.35. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 10.19 and a beta of 0.69. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.60.

Essex Property Trust (NYSE:ESS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $2.62. The firm had revenue of $489.05 million for the quarter, compared to analyst estimates of $485.12 million. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.During the same period in the previous year, the firm earned $4.03 earnings per share. 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. Equities research analysts anticipate that Essex Property Trust, Inc. will post 16.18 EPS for the current year.

Essex Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $2.59 dividend. This represents a $10.36 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, September 30th. Essex Property Trust's dividend payout ratio (DPR) is presently 161.12%.

About Essex Property Trust

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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