SG Americas Securities LLC Boosts Holdings in Essex Property Trust, Inc. $ESS

SG Americas Securities LLC increased its position in Essex Property Trust, Inc. (NYSE:ESS) by 105.2% during the second quarter, HoldingsChannel.com reports. The firm owned 8,462 shares of the real estate investment trust’s stock after acquiring an additional 4,339 shares during the quarter. SG Americas Securities LLC’s holdings in Essex Property Trust were worth $2,398,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ESS. WPG Advisers LLC purchased a new position in Essex Property Trust in the first quarter worth about $31,000. Ransom Advisory Ltd bought a new stake in shares of Essex Property Trust during the first quarter valued at approximately $31,000. Richardson Financial Services Inc. raised its holdings in Essex Property Trust by 300.0% in the 2nd 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 last quarter. Zions Bancorporation National Association UT bought a new position in Essex Property Trust in the 1st quarter valued at approximately $34,000. Finally, GKV Capital Management Co. Inc. bought a new position in Essex Property Trust in the 1st quarter valued at approximately $35,000. 96.51% of the stock is currently owned by institutional investors.

Essex Property Trust Trading Up 0.5%

Essex Property Trust stock opened at $254.76 on Thursday. Essex Property Trust, Inc. has a 52-week low of $243.25 and a 52-week high of $316.29. The company has a market cap of $16.41 billion, a P/E ratio of 19.36, a P/E/G ratio of 6.00 and a beta of 0.82. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. The business has a 50-day simple moving average of $260.78 and a two-hundred day simple moving average of $271.06.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.01. The company had revenue of $473.30 million for the quarter, compared to the consensus estimate of $472.11 million. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.70%. During the same quarter last year, the firm posted $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. 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 was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $2.57 dividend. This represents a $10.28 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, September 30th. Essex Property Trust’s dividend payout ratio is 78.12%.

Analysts Set New Price Targets

ESS has been the subject of several recent analyst reports. Cantor Fitzgerald began coverage on Essex Property Trust in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $300.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Essex Property Trust in a report on Wednesday, October 8th. BNP Paribas cut shares of Essex Property Trust from an “outperform” rating to a “hold” rating in a research note 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 company an “outperform” rating in a report on Thursday, July 31st. Finally, Piper Sandler cut shares of Essex Property Trust from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $355.00 to $275.00 in a report on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $292.53.

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.