Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 1,600 Shares of Essex Property Trust, Inc. $ESS

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 16.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,618 shares of the real estate investment trust’s stock after purchasing an additional 1,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Essex Property Trust were worth $3,293,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Richardson Financial Services Inc. boosted its stake in shares of Essex Property Trust by 300.0% in the second quarter. Richardson Financial Services Inc. now owns 100 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 75 shares during the period. WPG Advisers LLC bought a new position in shares of Essex Property Trust in the first quarter worth about $31,000. Ransom Advisory Ltd bought a new position in shares of Essex Property Trust in the first quarter worth about $31,000. Zions Bancorporation National Association UT bought a new position in shares of Essex Property Trust in the first quarter worth about $34,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of Essex Property Trust in the second quarter worth about $34,000. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust Price Performance

Shares of Essex Property Trust stock opened at $250.06 on Friday. The stock has a 50 day moving average of $263.62 and a 200 day moving average of $273.15. Essex Property Trust, Inc. has a 12 month low of $243.25 and a 12 month high of $316.29. The firm has a market cap of $16.10 billion, a PE ratio of 19.00, a PEG ratio of 6.00 and a beta of 0.81. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.16.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.01. Essex Property Trust had a return on equity of 14.70% and a net margin of 45.46%.The company had revenue of $473.30 million during the quarter, compared to analyst estimates of $472.11 million. During the same period in the prior year, the company earned $3.91 earnings per share. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS. FY 2025 guidance at 15.890-15.990 EPS. On average, research analysts expect that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $2.57 per share. The ex-dividend date was Tuesday, September 30th. This represents a $10.28 dividend on an annualized basis and a yield of 4.1%. Essex Property Trust’s dividend payout ratio is 82.64%.

Analyst Upgrades and Downgrades

ESS has been the subject of a number of recent analyst reports. Barclays dropped their price objective on Essex Property Trust from $298.00 to $297.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 30th. UBS Group dropped their price objective on Essex Property Trust from $297.00 to $295.00 and set a “neutral” rating for the company in a research note on Tuesday, July 15th. Scotiabank reduced 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. Truist Financial dropped their price target on Essex Property Trust from $295.00 to $283.00 and set a “hold” rating for the company in a research note on Tuesday, August 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Essex Property Trust in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $297.09.

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.