CPC Advisors LLC Takes $891,000 Position in Essex Property Trust, Inc. $ESS

CPC Advisors LLC purchased a new stake in Essex Property Trust, Inc. (NYSE:ESS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,406 shares of the real estate investment trust’s stock, valued at approximately $891,000.

Several other large investors have also modified their holdings of ESS. Woodline Partners LP bought a new stake in shares of Essex Property Trust in the 1st quarter valued at about $1,664,000. Focus Partners Wealth bought a new stake in shares of Essex Property Trust in the 1st quarter valued at about $223,000. EverSource Wealth Advisors LLC raised its holdings in shares of Essex Property Trust by 70.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 279 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 115 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Essex Property Trust by 186.2% in the 2nd quarter. First Trust Advisors LP now owns 33,614 shares of the real estate investment trust’s stock valued at $9,526,000 after purchasing an additional 21,871 shares in the last quarter. Finally, Bank of Nova Scotia raised its holdings in shares of Essex Property Trust by 10.9% in the 2nd quarter. Bank of Nova Scotia now owns 8,274 shares of the real estate investment trust’s stock valued at $2,345,000 after purchasing an additional 811 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on ESS shares. Scotiabank reduced their price target on shares of Essex Property Trust from $284.00 to $278.00 and set a “sector outperform” rating for the company in a report on Wednesday, March 4th. Robert W. Baird boosted their price target on shares of Essex Property Trust from $279.00 to $281.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Raymond James Financial reaffirmed a “market perform” rating on shares of Essex Property Trust in a research report on Friday, February 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $290.00 price objective on shares of Essex Property Trust in a research report on Monday, February 9th. Finally, BMO Capital Markets downgraded shares of Essex Property Trust from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $305.00 to $280.00 in a research report on Friday, January 9th. Four analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Essex Property Trust presently has a consensus rating of “Hold” and a consensus price target of $282.00.

Essex Property Trust Stock Down 0.4%

Shares of Essex Property Trust stock opened at $252.07 on Thursday. The firm’s 50 day moving average price is $250.82 and its 200-day moving average price is $254.94. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.19. Essex Property Trust, Inc. has a 52-week low of $238.46 and a 52-week high of $294.09. The company has a market cap of $16.25 billion, a P/E ratio of 24.21, a PEG ratio of 7.94 and a beta of 0.71.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $3.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.02). Essex Property Trust had a return on equity of 11.61% and a net margin of 35.48%.The firm had revenue of $479.63 million during the quarter, compared to analysts’ expectations of $474.66 million. During the same period in the previous year, the firm earned $3.92 EPS. Essex Property Trust has set its FY 2026 guidance at 15.690-16.190 EPS and its Q1 2026 guidance at 3.890-4.010 EPS. On average, sell-side analysts predict that Essex Property Trust, Inc. will post 16.03 EPS for the current fiscal year.

Essex Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $2.59 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $10.36 annualized dividend and a yield of 4.1%. This is a boost from Essex Property Trust’s previous quarterly dividend of $2.57. Essex Property Trust’s payout ratio is presently 99.52%.

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.