Essex Property Trust, Inc. $ESS Shares Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. boosted its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 5.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 45,087 shares of the real estate investment trust’s stock after purchasing an additional 2,309 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Essex Property Trust were worth $12,016,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Legacy Wealth Asset Management LLC raised its holdings in shares of Essex Property Trust by 3.8% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 1,054 shares of the real estate investment trust’s stock worth $282,000 after purchasing an additional 39 shares in the last quarter. Huntington National Bank grew its position in Essex Property Trust by 16.1% in the second quarter. Huntington National Bank now owns 288 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 40 shares during the last quarter. Turning Point Benefit Group Inc. grew its position in Essex Property Trust by 2.3% in the second quarter. Turning Point Benefit Group Inc. now owns 1,861 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 42 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Essex Property Trust by 5.6% in the second quarter. V Square Quantitative Management LLC now owns 912 shares of the real estate investment trust’s stock valued at $258,000 after buying an additional 48 shares in the last quarter. Finally, Copperwynd Financial LLC lifted its position in shares of Essex Property Trust by 6.7% during the 2nd quarter. Copperwynd Financial LLC now owns 842 shares of the real estate investment trust’s stock valued at $239,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust Stock Up 0.5%

Shares of Essex Property Trust stock opened at $254.19 on Monday. Essex Property Trust, Inc. has a 1 year low of $243.25 and a 1 year high of $316.29. The company has a market cap of $16.37 billion, a P/E ratio of 19.32, a P/E/G ratio of 6.05 and a beta of 0.73. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average price of $257.53 and a 200 day moving average price of $262.61.

Essex Property Trust (NYSE:ESS) last issued 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 company had revenue of $473.30 million for the quarter, compared to the consensus estimate of $472.11 million. Essex Property Trust had a return on equity of 14.68% and a net margin of 45.46%.During the same quarter in the prior year, the company earned $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, analysts expect that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on ESS. Weiss Ratings restated a “hold (c+)” rating on shares of Essex Property Trust in a report on Thursday. Truist Financial dropped their price target on Essex Property Trust from $283.00 to $273.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Barclays restated a “positive” rating and set a $292.00 price objective on shares of Essex Property Trust in a report on Tuesday, January 13th. Wells Fargo & Company decreased 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 report on Monday, November 10th. Finally, UBS Group lifted their target price on shares of Essex Property Trust from $267.00 to $274.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Six equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $285.70.

Essex Property Trust Profile

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.