Robeco Institutional Asset Management B.V. Sells 12,909 Shares of Essex Property Trust, Inc. $ESS

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Essex Property Trust by 18.6% in the second quarter, resulting in ownership of 56,314 shares worth approximately $15.96 million.
• Essex Property Trust reported earnings of $4.03 per share for the last quarter, which surpassed analyst expectations of $3.99, with a revenue of $465.84 million.
• The company announced a quarterly dividend of $2.57 per share, translating to an annualized dividend yield of 3.9%, with a payout ratio of 82.64%.

Robeco Institutional Asset Management B.V. cut its holdings in Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 18.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 56,314 shares of the real estate investment trust's stock after selling 12,909 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.09% of Essex Property Trust worth $15,959,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ESS. WPG Advisers LLC acquired a new position in shares of Essex Property Trust in the first quarter valued at approximately $31,000. Ransom Advisory Ltd acquired a new stake in shares of Essex Property Trust during the first quarter worth $31,000. Zions Bancorporation National Association UT bought a new stake in Essex Property Trust in the 1st quarter valued at $34,000. GKV Capital Management Co. Inc. acquired a new position in Essex Property Trust in the 1st quarter worth $35,000. Finally, Capital Analysts LLC boosted its stake in 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 worth $42,000 after purchasing an additional 49 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Essex Property Trust Stock Up 0.3%

Shares of ESS stock opened at $264.63 on Friday. Essex Property Trust, Inc. has a 52-week low of $243.85 and a 52-week high of $316.29. The stock has a market cap of $17.04 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 6.74 and a beta of 0.81. The firm's 50-day moving average is $264.40 and its 200-day moving average is $276.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.09 and a current ratio of 1.09.

Essex Property Trust (NYSE:ESS - Get Free Report) last announced 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. Essex Property Trust had a return on equity of 13.98% and a net margin of 43.51%.The firm had revenue of $465.84 million for the quarter, compared to the consensus estimate of $466.47 million. During the same quarter in the previous year, the business 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.

Essex Property Trust Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on ESS. Barclays dropped their price target on Essex Property Trust from $298.00 to $297.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Scotiabank dropped their target price on Essex Property Trust from $320.00 to $309.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, August 5th. BNP Paribas Exane downgraded Essex Property Trust from an "outperform" rating to a "neutral" rating in a research report on Monday, September 29th. Royal Bank Of Canada raised their price target on shares of Essex Property Trust from $306.00 to $307.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen raised shares of Essex Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $297.28.

Essex Property Trust Company Profile

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.

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