Vinva Investment Management Ltd Has $1.24 Million Stake in Essex Property Trust, Inc. $ESS

Vinva Investment Management Ltd raised its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 107.8% in the second quarter, Holdings Channel reports. The fund owned 4,346 shares of the real estate investment trust’s stock after buying an additional 2,255 shares during the quarter. Vinva Investment Management Ltd’s holdings in Essex Property Trust were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Richardson Financial Services Inc. lifted its position in shares of Essex Property Trust by 300.0% during the 2nd quarter. Richardson Financial Services Inc. now owns 100 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 75 shares during the last quarter. WPG Advisers LLC bought a new position in Essex Property Trust in the 1st quarter worth approximately $31,000. Ransom Advisory Ltd acquired a new position in shares of Essex Property Trust during the first quarter worth approximately $31,000. Zions Bancorporation National Association UT bought a new stake in shares of Essex Property Trust in the first quarter valued at approximately $34,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Essex Property Trust in the second quarter worth $34,000. 96.51% of the stock is currently owned by institutional investors.

Essex Property Trust Price Performance

NYSE:ESS opened at $263.62 on Friday. 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 company has a 50-day moving average of $259.91 and a 200-day moving average of $269.98. 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 capitalization of $16.98 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 6.00 and a beta of 0.82.

Essex Property Trust (NYSE:ESS) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.01. The business had revenue of $473.30 million for the quarter, compared to analysts’ expectations 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 in the previous 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. As a group, equities research analysts anticipate that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal year.

Essex Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $2.57 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $10.28 annualized dividend and a yield of 3.9%. Essex Property Trust’s payout ratio is currently 78.12%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. BNP Paribas lowered shares of Essex Property Trust from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. Piper Sandler downgraded shares of Essex Property Trust from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $355.00 to $275.00 in a report on Monday, August 4th. Cantor Fitzgerald assumed coverage on shares of Essex Property Trust in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $300.00 target price for the company. Mizuho lifted their target price on Essex Property Trust from $275.00 to $284.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, BNP Paribas Exane lowered Essex Property Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Essex Property Trust currently has an average rating of “Hold” and an average target price of $291.53.

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.