Kingswood Wealth Advisors LLC Reduces Stock Position in Essex Property Trust, Inc. $ESS

Kingswood Wealth Advisors LLC lowered its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 2.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,652 shares of the real estate investment trust’s stock after selling 315 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Essex Property Trust were worth $3,019,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ESS. Stephens Inc. AR raised its stake in Essex Property Trust by 4.6% during the 1st quarter. Stephens Inc. AR now owns 985 shares of the real estate investment trust’s stock valued at $302,000 after acquiring an additional 43 shares during the last quarter. Horizon Investments LLC raised its stake in shares of Essex Property Trust by 5.0% during the first quarter. Horizon Investments LLC now owns 929 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 44 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Essex Property Trust by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 778 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 46 shares during the last quarter. V Square Quantitative Management LLC grew its position in Essex Property Trust by 5.6% in the 2nd quarter. V Square Quantitative Management LLC now owns 912 shares of the real estate investment trust’s stock valued at $258,000 after buying an additional 48 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in Essex Property Trust by 34.8% in the 1st quarter. Brooklyn Investment Group now owns 190 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 49 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. UBS Group reduced their price objective 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. Piper Sandler downgraded shares of Essex Property Trust from an “overweight” rating to a “neutral” rating and cut their price target for the company from $355.00 to $275.00 in a report on Monday, August 4th. BNP Paribas Exane cut shares of Essex Property Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Cantor Fitzgerald assumed coverage on shares of Essex Property Trust in a research report on Wednesday, October 1st. They set an “overweight” rating and a $300.00 price target for the company. Finally, Morgan Stanley decreased their price target on Essex Property Trust from $304.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Essex Property Trust presently has a consensus rating of “Hold” and a consensus target price of $297.28.

Essex Property Trust Stock Performance

Essex Property Trust stock opened at $261.20 on Tuesday. The company has a market capitalization of $16.82 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 6.74 and a beta of 0.81. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a fifty day moving average of $263.96 and a two-hundred day moving average of $276.39. Essex Property Trust, Inc. has a fifty-two week low of $243.85 and a fifty-two week high of $316.29.

Essex Property Trust (NYSE:ESS) 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 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 business had revenue of $465.84 million for the quarter, compared to the consensus estimate of $466.47 million. During the same quarter in the prior year, the firm posted $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. On average, analysts anticipate that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

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

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.