UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $243.15 Million Stock Holdings in Essex Property Trust, Inc. $ESS

Key Points

• UBS Asset Management has increased its stake in Essex Property Trust, holding 793,115 shares valued at approximately $243.15 million, representing about 1.23% of the company's equity.
• Institutional investors and hedge funds control 96.51% of Essex Property Trust's stock, indicating significant institutional interest and support for the company.
• Essex Property Trust announced a quarterly dividend of $2.57 per share, resulting in an annualized yield of 3.8%, which is scheduled to be paid on October 15th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 793,115 shares of the real estate investment trust's stock after acquiring an additional 14,601 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.23% of Essex Property Trust worth $243,145,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ESS. Wealthquest Corp acquired a new position in shares of Essex Property Trust during the first quarter valued at $384,606,000. Price T Rowe Associates Inc. MD grew its stake in Essex Property Trust by 66.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,746,242 shares of the real estate investment trust's stock valued at $841,916,000 after purchasing an additional 1,096,619 shares in the last quarter. GAMMA Investing LLC grew its stake in Essex Property Trust by 35,500.1% in the first quarter. GAMMA Investing LLC now owns 448,205 shares of the real estate investment trust's stock valued at $137,406,000 after purchasing an additional 446,946 shares in the last quarter. Resolution Capital Ltd lifted its position in shares of Essex Property Trust by 59.0% in the first quarter. Resolution Capital Ltd now owns 821,968 shares of the real estate investment trust's stock valued at $251,991,000 after buying an additional 304,936 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Essex Property Trust during the 1st quarter worth approximately $91,014,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Essex Property Trust Stock Up 2.2%

Shares of NYSE:ESS opened at $269.43 on Friday. The company has a market capitalization of $17.35 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 6.77 and a beta of 0.83. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.09. The business's 50-day moving average is $270.87 and its 200-day moving average is $280.87. Essex Property Trust, Inc. has a 1 year low of $243.85 and a 1 year high of $317.73.

Essex Property Trust (NYSE:ESS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.99 by $0.04. The company had revenue of $465.84 million for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $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 research analysts predict that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Essex Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $2.57 per share. This represents a $10.28 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 30th. Essex Property Trust's dividend payout ratio is 82.64%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ESS. Wells Fargo & Company dropped their price objective on Essex Property Trust from $325.00 to $279.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Evercore ISI cut their target price on Essex Property Trust from $285.00 to $279.00 and set an "in-line" rating on the stock in a report on Tuesday, August 12th. Wall Street Zen raised Essex Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Royal Bank Of Canada lifted their target price on Essex Property Trust from $306.00 to $307.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Scotiabank cut their target price on Essex Property Trust from $320.00 to $309.00 and set a "sector outperform" rating on the stock in a report on Tuesday, August 5th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $298.41.

Essex Property Trust 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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