Rakuten Investment Management Inc. Acquires New Holdings in Essex Property Trust, Inc. $ESS

Rakuten Investment Management Inc. bought a new position in shares of Essex Property Trust, Inc. (NYSE:ESS) in the 3rd quarter, HoldingsChannel reports. The fund bought 11,350 shares of the real estate investment trust’s stock, valued at approximately $3,038,000.

Other institutional investors have also made changes to their positions in the company. Legacy Wealth Asset Management LLC lifted 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 acquiring an additional 39 shares during the last quarter. Huntington National Bank raised 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 valued at $82,000 after purchasing an additional 40 shares during the period. Turning Point Benefit Group Inc. lifted its stake in Essex Property Trust by 2.3% during 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 purchasing an additional 42 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Essex Property Trust by 5.6% during the second quarter. V Square Quantitative Management LLC now owns 912 shares of the real estate investment trust’s stock worth $258,000 after purchasing an additional 48 shares in the last quarter. Finally, Copperwynd Financial LLC boosted its position in shares of Essex Property Trust by 6.7% during the second quarter. Copperwynd Financial LLC now owns 842 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 53 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Essex Property Trust in a research note on Thursday. Barclays reissued a “positive” rating and set a $292.00 price target on shares of Essex Property Trust in a research report on Tuesday, January 13th. BNP Paribas Exane cut shares of Essex Property Trust from an “outperform” rating to a “hold” rating in a report on Monday, September 29th. Finally, Truist Financial cut their target price on shares of 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. Six investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Essex Property Trust has an average rating of “Hold” and an average target price of $285.70.

Essex Property Trust Stock Up 0.5%

ESS stock opened at $254.19 on Friday. The company’s 50 day moving average price is $257.53 and its 200 day moving average price is $262.93. The firm has a market capitalization of $16.37 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 6.03 and a beta of 0.73. Essex Property Trust, Inc. has a fifty-two week low of $243.25 and a fifty-two week high of $316.29. 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 (NYSE:ESS) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 EPS for the quarter, topping the consensus estimate 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 company had revenue of $473.30 million during the quarter, compared to analysts’ expectations of $472.11 million. During the same quarter 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. On average, equities research analysts anticipate that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

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

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.