Arbejdsmarkedets Tillaegspension Invests $24.13 Million in Essex Property Trust, Inc. $ESS

Arbejdsmarkedets Tillaegspension acquired a new position in shares of Essex Property Trust, Inc. (NYSE:ESS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,224 shares of the real estate investment trust’s stock, valued at approximately $24,133,000.

Several other large investors also recently modified their holdings of ESS. Caprock Group LLC bought a new stake in Essex Property Trust in the third quarter valued at $1,900,000. JPMorgan Chase & Co. increased its stake in Essex Property Trust by 3.9% in the third quarter. JPMorgan Chase & Co. now owns 594,450 shares of the real estate investment trust’s stock valued at $159,114,000 after purchasing an additional 22,378 shares in the last quarter. Centersquare Investment Management LLC increased its stake in Essex Property Trust by 473.5% in the third quarter. Centersquare Investment Management LLC now owns 516,756 shares of the real estate investment trust’s stock valued at $138,315,000 after purchasing an additional 426,650 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in Essex Property Trust by 23,100.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,552 shares of the real estate investment trust’s stock valued at $683,000 after purchasing an additional 2,541 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Essex Property Trust by 2.1% in the third quarter. ProShare Advisors LLC now owns 601,341 shares of the real estate investment trust’s stock valued at $160,955,000 after purchasing an additional 12,446 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Essex Property Trust Trading Down 1.3%

NYSE:ESS opened at $268.28 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $17.24 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 11.77 and a beta of 0.71. The firm’s 50 day moving average is $253.43 and its 200 day moving average is $255.32. Essex Property Trust, Inc. has a 12 month low of $238.46 and a 12 month high of $294.09.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). The company had revenue of $484.76 million during the quarter, compared to the consensus estimate of $479.89 million. Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.During the same period last year, the firm posted $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Sell-side analysts expect that Essex Property Trust, Inc. will post 16.04 earnings per share for the current year.

Essex Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $2.59 dividend. This is a boost from Essex Property Trust’s previous quarterly dividend of $2.57. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $10.36 dividend on an annualized basis and a dividend yield of 3.9%. Essex Property Trust’s payout ratio is presently 116.40%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Essex Property Trust from $282.00 to $288.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Raymond James Financial reaffirmed a “market perform” rating on shares of Essex Property Trust in a research note on Friday, February 27th. Robert W. Baird lifted their price target on shares of Essex Property Trust from $279.00 to $281.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. UBS Group lifted their price target on shares of Essex Property Trust from $274.00 to $278.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Barclays lifted their price objective on shares of Essex Property Trust from $272.00 to $277.00 and gave the company an “equal weight” rating in a report on Monday. Five research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $283.78.

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.