LDR Capital Management LLC Buys Shares of 2,651 Essex Property Trust, Inc. $ESS

LDR Capital Management LLC bought a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 2,651 shares of the real estate investment trust’s stock, valued at approximately $710,000. Essex Property Trust makes up about 1.0% of LDR Capital Management LLC’s portfolio, making the stock its 25th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Woodline Partners LP acquired a new position in Essex Property Trust during the 1st quarter worth $1,664,000. Focus Partners Wealth acquired a new position in Essex Property Trust in the first quarter worth about $223,000. Swedbank AB increased its holdings in Essex Property Trust by 5.7% in the second quarter. Swedbank AB now owns 15,790 shares of the real estate investment trust’s stock valued at $4,475,000 after buying an additional 851 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Essex Property Trust by 4.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,546 shares of the real estate investment trust’s stock valued at $2,997,000 after buying an additional 454 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in Essex Property Trust during the second quarter valued at approximately $498,000. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust Stock Up 0.6%

Essex Property Trust stock opened at $255.05 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.18 and a current ratio of 1.18. Essex Property Trust, Inc. has a one year low of $243.25 and a one year high of $316.29. The company has a 50-day simple moving average of $257.61 and a 200-day simple moving average of $263.44. The firm has a market capitalization of $16.43 billion, a P/E ratio of 19.38, a P/E/G ratio of 6.15 and a beta of 0.73.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.01. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.68%. The firm had revenue of $473.30 million during the quarter, compared to analyst estimates of $472.11 million. During the same period in the previous year, the business posted $3.91 EPS. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS and its FY 2025 guidance at 15.890-15.990 EPS. As a group, equities analysts expect that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Essex Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were paid a dividend of $2.57 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $10.28 annualized dividend and a yield of 4.0%. Essex Property Trust’s payout ratio is presently 78.12%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays reiterated a “positive” rating and issued a $292.00 target price on shares of Essex Property Trust in a research report on Tuesday, January 13th. Jefferies Financial Group reiterated a “hold” rating and set a $282.00 target price (down previously from $304.00) on shares of Essex Property Trust in a research note on Monday, December 15th. Scotiabank dropped their target price on shares of Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating on the stock in a report on Tuesday, November 4th. Wells Fargo & Company decreased their price target on shares of Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Finally, Wall Street Zen downgraded shares of Essex Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Seven equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $287.22.

About Essex Property Trust

Essex Property Trust, Inc (NYSE: ESS) is a publicly traded real estate investment trust that acquires, develops, owns and operates multifamily residential properties. The company focuses on market-rate apartment communities and delivers a full suite of property services including leasing, resident services, asset management, and capital improvement programs designed to preserve and enhance long‑term property values.

Essex concentrates its portfolio in West Coast markets, with a significant presence in California and the Pacific Northwest.