Hsbc Holdings PLC Has $48.56 Million Stock Holdings in Essex Property Trust, Inc. $ESS

Hsbc Holdings PLC reduced its position in Essex Property Trust, Inc. (NYSE:ESS) by 31.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 171,776 shares of the real estate investment trust’s stock after selling 77,503 shares during the period. Hsbc Holdings PLC owned about 0.27% of Essex Property Trust worth $48,564,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valeo Financial Advisors LLC increased its position 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 last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Essex Property Trust by 66.5% in 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 buying an additional 1,096,619 shares during the last quarter. Resolution Capital Ltd boosted its stake in shares of Essex Property Trust by 59.0% during the 1st quarter. Resolution Capital Ltd now owns 821,968 shares of the real estate investment trust’s stock worth $251,991,000 after acquiring an additional 304,936 shares during the period. Nuveen LLC acquired a new position in shares of Essex Property Trust during the 1st quarter worth approximately $91,014,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Essex Property Trust by 65.1% during the 1st quarter. JPMorgan Chase & Co. now owns 725,896 shares of the real estate investment trust’s stock worth $222,538,000 after acquiring an additional 286,345 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust Stock Performance

NYSE:ESS opened at $263.62 on Monday. The business’s fifty day moving average is $259.91 and its 200 day moving average is $269.85. Essex Property Trust, Inc. has a 52-week low of $243.25 and a 52-week high of $316.29. The firm has a market cap of $16.98 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 6.00 and a beta of 0.82. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.09 and a current ratio of 1.09.

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 during 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 period in the previous year, the firm posted $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. Research analysts predict that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ESS shares. Wells Fargo & Company reduced their target price on shares of Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Wall Street Zen raised Essex Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Morgan Stanley lowered their price target on shares of Essex Property Trust from $304.00 to $285.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Cantor Fitzgerald initiated coverage on Essex Property Trust in a report on Wednesday, October 1st. They set an “overweight” rating and a $300.00 price target on the stock. Finally, Truist Financial lowered their target price on Essex Property Trust from $295.00 to $283.00 and set a “hold” rating for the company in a research report on Tuesday, August 12th. Seven investment 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. According to MarketBeat.com, Essex Property Trust presently has a consensus rating of “Hold” and a consensus price target of $291.53.

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.