Cibc World Market Inc. Buys 18,249 Shares of Essex Property Trust, Inc. $ESS

Cibc World Market Inc. grew its stake in Essex Property Trust, Inc. (NYSE:ESS) by 41.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,161 shares of the real estate investment trust’s stock after buying an additional 18,249 shares during the period. Cibc World Market Inc.’s holdings in Essex Property Trust were worth $16,266,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Generali Asset Management SPA SGR bought a new stake in Essex Property Trust in the fourth quarter valued at approximately $29,000. Hantz Financial Services Inc. raised its holdings in Essex Property Trust by 57.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 42 shares during the last quarter. True Wealth Design LLC raised its holdings in Essex Property Trust by 120.0% during the 4th quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 96 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Essex Property Trust in the 2nd quarter worth approximately $54,000. Finally, Advisory Services Network LLC acquired a new position in shares of Essex Property Trust in the 3rd quarter worth approximately $51,000. 96.51% of the stock is currently owned by institutional investors.

Essex Property Trust Stock Performance

NYSE:ESS opened at $285.78 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.22. Essex Property Trust, Inc. has a twelve month low of $238.46 and a twelve month high of $294.09. The company has a fifty day moving average of $262.02 and a 200-day moving average of $257.60. The firm has a market capitalization of $18.36 billion, a P/E ratio of 32.11, a P/E/G ratio of 12.29 and a beta of 0.72.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($2.31). The company had revenue of $484.76 million for 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 in the prior year, the company earned $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, sell-side analysts anticipate that Essex Property Trust, Inc. will post 16.08 EPS for the current year.

Essex Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $2.59 per share. This represents a $10.36 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Essex Property Trust’s dividend payout ratio is 116.40%.

Insider Activity at Essex Property Trust

In other news, Director Mary Kasaris sold 600 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total value of $167,670.00. Following the completion of the sale, the director directly owned 2,394 shares in the company, valued at $669,003.30. This trade represents a 20.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ESS has been the topic of a number of analyst reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Essex Property Trust in a research note on Friday, February 27th. Morgan Stanley set a $293.00 target price on shares of Essex Property Trust in a report on Friday, May 15th. UBS Group upped 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 report on Thursday, May 14th. Cantor Fitzgerald increased their price target on Essex Property Trust from $290.00 to $291.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Barclays lifted their price objective on Essex Property Trust from $272.00 to $277.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Six 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 MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $286.97.

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.