Forsta AP Fonden Acquires 4,800 Shares of Essex Property Trust, Inc. $ESS

Forsta AP Fonden grew its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 40.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,600 shares of the real estate investment trust’s stock after purchasing an additional 4,800 shares during the quarter. Forsta AP Fonden’s holdings in Essex Property Trust were worth $4,704,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Valeo Financial Advisors LLC lifted its holdings in Essex Property Trust by 151,452.8% during the second quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust’s stock worth $843,969,000 after buying an additional 2,976,047 shares during the period. Wealthquest Corp purchased a new stake in shares of Essex Property Trust during the 1st quarter worth $384,606,000. Price T Rowe Associates Inc. MD boosted its position in Essex Property Trust by 66.5% during 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. Resolution Capital Ltd raised its holdings in 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 worth $251,991,000 after purchasing an additional 304,936 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Essex Property Trust during the first quarter valued at about $91,014,000. 96.51% of the stock is currently owned by institutional investors.

Essex Property Trust Price Performance

Shares of ESS opened at $254.49 on Friday. 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 company’s fifty day moving average price is $261.53 and its 200-day moving average price is $271.75. Essex Property Trust, Inc. has a 1-year low of $243.25 and a 1-year high of $316.29. The firm has a market capitalization of $16.39 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 6.00 and a beta of 0.82.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $473.30 million for the quarter, compared to the consensus estimate of $472.11 million. During the same quarter in the previous year, the business earned $3.91 EPS. 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, equities research analysts predict that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $2.57 dividend. This represents a $10.28 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, September 30th. Essex Property Trust’s dividend payout ratio is 78.12%.

Analyst Ratings Changes

ESS has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Essex Property Trust from $301.50 to $305.50 and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Truist Financial decreased their price objective on Essex Property Trust from $295.00 to $283.00 and set a “hold” rating for the company in a report on Tuesday, August 12th. Piper Sandler cut Essex Property Trust from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $355.00 to $275.00 in a research report on Monday, August 4th. Cantor Fitzgerald initiated coverage on Essex Property Trust in a research note on Wednesday, October 1st. They set an “overweight” rating and a $300.00 target price on the stock. Finally, Scotiabank decreased their price target on Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating for the company in a research note on Tuesday, November 4th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $292.53.

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.