Cozad Asset Management Inc. Buys 290 Shares of Essex Property Trust, Inc. $ESS

Cozad Asset Management Inc. increased its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,187 shares of the real estate investment trust’s stock after acquiring an additional 290 shares during the quarter. Cozad Asset Management Inc.’s holdings in Essex Property Trust were worth $2,037,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Huntington National Bank lifted its stake in Essex Property Trust by 16.1% in the 2nd quarter. Huntington National Bank now owns 288 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 40 shares in the last quarter. Turning Point Benefit Group Inc. increased its holdings in shares of 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 purchasing an additional 42 shares during the last quarter. Horizon Investments LLC lifted its position in shares of Essex Property Trust by 5.0% in the first quarter. Horizon Investments LLC now owns 929 shares of the real estate investment trust’s stock worth $285,000 after buying an additional 44 shares in the last quarter. V Square Quantitative Management LLC boosted 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 valued at $258,000 after buying an additional 48 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in Essex Property Trust by 34.8% during the 1st quarter. Brooklyn Investment Group now owns 190 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 49 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Essex Property Trust Trading Up 2.0%

ESS stock opened at $260.87 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. Essex Property Trust, Inc. has a twelve month low of $243.25 and a twelve month high of $316.29. The stock has a market capitalization of $16.80 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 6.00 and a beta of 0.82. The firm’s fifty day simple moving average is $260.38 and its two-hundred day simple moving average is $270.66.

Essex Property Trust (NYSE:ESS) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share (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 14.70%. The firm had revenue of $473.30 million during the quarter, compared to analyst estimates of $472.11 million. During the same quarter last year, the business earned $3.91 EPS. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS. FY 2025 guidance at 15.890-15.990 EPS. As a group, analysts anticipate that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Essex Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $2.57 per share. This represents a $10.28 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, September 30th. Essex Property Trust’s payout ratio is 78.12%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ESS shares. Barclays decreased their price objective on Essex Property Trust from $298.00 to $297.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 30th. Morgan Stanley reduced their price target on shares of Essex Property Trust from $304.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Essex Property Trust in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Essex Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Cantor Fitzgerald initiated coverage on shares of Essex Property Trust in a research report on Wednesday, October 1st. They set an “overweight” rating and a $300.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $292.53.

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.