Pensionfund DSM Netherlands Sells 1,500 Shares of Essex Property Trust, Inc. $ESS

Key Points

• Pensionfund DSM Netherlands reduced its holdings in Essex Property Trust by 13.4%, selling 1,500 shares and now holding a total of 9,695 shares, valued at approximately $2.97 million.
• The company reported earnings of $4.03 per share for the last quarter, exceeding estimates, and has a dividend yield of 3.8%, with a quarterly dividend of $2.57 set to be paid on October 15th.
• Essex Property Trust's stock currently has a consensus rating of "Hold" from analysts, with target price revisions reflecting a range of $275.00 to $314.00.

Pensionfund DSM Netherlands trimmed its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 13.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,695 shares of the real estate investment trust's stock after selling 1,500 shares during the period. Essex Property Trust comprises approximately 2.0% of Pensionfund DSM Netherlands' investment portfolio, making the stock its 14th biggest position. Pensionfund DSM Netherlands' holdings in Essex Property Trust were worth $2,972,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in Essex Property Trust during the first quarter worth approximately $31,000. Ransom Advisory Ltd bought a new stake in Essex Property Trust during the first quarter worth approximately $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Essex Property Trust in the 1st quarter valued at approximately $34,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Essex Property Trust in the 1st quarter valued at approximately $35,000. Finally, Capital Analysts LLC lifted its position in shares of Essex Property Trust by 56.3% in the 1st quarter. Capital Analysts LLC now owns 136 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 49 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ESS has been the subject of several research analyst reports. UBS Group reduced their price target on shares of Essex Property Trust from $297.00 to $295.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. Raymond James Financial upgraded shares of Essex Property Trust from a "market perform" rating to an "outperform" rating and set a $315.00 target price for the company in a research report on Tuesday, June 24th. BMO Capital Markets increased their target price on shares of Essex Property Trust from $315.00 to $317.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 28th. Morgan Stanley cut their target price on shares of Essex Property Trust from $304.00 to $285.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of Essex Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Six equities 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 stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $298.66.

Essex Property Trust Stock Performance

NYSE ESS traded down $2.66 during midday trading on Monday, hitting $264.43. The company had a trading volume of 607,910 shares, compared to its average volume of 364,035. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. The stock has a market cap of $17.03 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 6.86 and a beta of 0.83. The firm has a fifty day simple moving average of $270.15 and a two-hundred day simple moving average of $280.00. Essex Property Trust, Inc. has a fifty-two week low of $243.85 and a fifty-two week high of $317.73.

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, topping the consensus estimate of $3.99 by $0.04. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. The company had revenue of $465.84 million for the quarter, compared to analyst estimates of $466.47 million. During the same period last year, the business 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. Equities analysts forecast that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal year.

Essex Property Trust Announces Dividend

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