Essex Property Trust, Inc. $ESS Shares Purchased by Entropy Technologies LP

Entropy Technologies LP raised its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 783.1% in the fourth quarter, Holdings Channel reports. The fund owned 20,205 shares of the real estate investment trust’s stock after buying an additional 17,917 shares during the period. Entropy Technologies LP’s holdings in Essex Property Trust were worth $5,287,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ESS. Nemes Rush Group LLC acquired a new stake in Essex Property Trust in the 4th quarter valued at about $27,000. Generali Asset Management SPA SGR acquired a new stake in Essex Property Trust in the 4th quarter valued at about $29,000. Hantz Financial Services Inc. raised its holdings in Essex Property Trust by 57.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 42 shares during the last quarter. True Wealth Design LLC raised its holdings in Essex Property Trust by 120.0% in the 4th quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 96 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Essex Property Trust in the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Essex Property Trust Trading Up 1.0%

Shares of Essex Property Trust stock opened at $283.40 on Friday. The firm has a market capitalization of $18.21 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 12.25 and a beta of 0.72. Essex Property Trust, Inc. has a fifty-two week low of $238.46 and a fifty-two week high of $294.09. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50 day moving average of $266.09 and a 200 day moving average of $258.56.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($2.31). The business had revenue of $484.76 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, research analysts predict that Essex Property Trust, Inc. will post 16.08 earnings per share for the current year.

Essex Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $2.59 dividend. This represents a $10.36 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, June 30th. Essex Property Trust’s dividend payout ratio is presently 116.40%.

Analyst Ratings Changes

A number of research firms have commented on ESS. Wall Street Zen upgraded shares of Essex Property Trust from a “sell” rating to a “hold” rating in a report on Saturday. Robert W. Baird increased their price objective on shares of Essex Property Trust from $279.00 to $281.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Mizuho increased their price objective on shares of Essex Property Trust from $285.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday. Wells Fargo & Company increased their price objective on shares of Essex Property Trust from $262.00 to $280.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Finally, Cantor Fitzgerald increased their price objective on shares of Essex Property Trust from $290.00 to $291.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $288.44.

Insiders Place Their Bets

In related news, Director Mary Kasaris sold 600 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 2,394 shares in the company, valued at approximately $669,003.30. This represents a 20.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.47% of the company’s stock.

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.