Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Trims Stock Position in Essex Property Trust, Inc. $ESS

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group decreased its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 24.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,985 shares of the real estate investment trust’s stock after selling 978 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Essex Property Trust were worth $846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its position in Essex Property Trust by 6.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 778 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 46 shares during the period. Vanguard Group Inc. increased its position in Essex Property Trust by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 10,440,274 shares of the real estate investment trust’s stock worth $3,200,675,000 after purchasing an additional 87,117 shares during the period. Korea Investment CORP increased its position in Essex Property Trust by 26.7% during the 1st quarter. Korea Investment CORP now owns 75,510 shares of the real estate investment trust’s stock worth $23,149,000 after purchasing an additional 15,912 shares during the period. Concurrent Investment Advisors LLC increased its position in Essex Property Trust by 144.7% during the 1st quarter. Concurrent Investment Advisors LLC now owns 1,911 shares of the real estate investment trust’s stock worth $586,000 after purchasing an additional 1,130 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Essex Property Trust by 15.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,867 shares of the real estate investment trust’s stock worth $5,467,000 after purchasing an additional 2,340 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

ESS has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Essex Property Trust from $279.00 to $280.00 and gave the company an “equal weight” rating in a research note on Monday, October 13th. Royal Bank Of Canada raised their price objective on shares of Essex Property Trust from $306.00 to $307.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. BNP Paribas cut shares of Essex Property Trust from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. Morgan Stanley reduced their price objective on shares of Essex Property Trust from $304.00 to $285.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 13th. Finally, Wall Street Zen cut Essex Property Trust from a “hold” rating to a “sell” rating in a report on Saturday. Seven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $297.09.

Essex Property Trust Stock Performance

ESS opened at $264.74 on Monday. The stock has a market cap of $17.05 billion, a P/E ratio of 21.28, a P/E/G ratio of 6.43 and a beta of 0.81. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50 day simple moving average is $264.17 and its 200 day simple moving average is $273.54. Essex Property Trust, Inc. has a 1-year low of $243.85 and a 1-year high of $316.29.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.99 by $0.04. The business had revenue of $465.84 million for the quarter, compared to analysts’ expectations of $466.47 million. Essex Property Trust had a return on equity of 13.98% and a net margin of 43.51%.During the same quarter in the prior year, the firm posted $3.94 EPS. Essex Property Trust has set its Q3 2025 guidance at 3.890-3.990 EPS. FY 2025 guidance at 15.800-16.020 EPS. As a group, equities analysts anticipate that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $2.57 per share. This represents a $10.28 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Tuesday, September 30th. Essex Property Trust’s dividend payout ratio is 82.64%.

Essex Property Trust Profile

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.