30,011 Shares in Essex Property Trust, Inc. $ESS Bought by SEB Asset Management AB

SEB Asset Management AB bought a new position in shares of Essex Property Trust, Inc. (NYSE:ESS) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 30,011 shares of the real estate investment trust’s stock, valued at approximately $7,263,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ESS. Norges Bank bought a new stake in shares of Essex Property Trust in the fourth quarter valued at about $230,690,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Essex Property Trust by 973.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 743,954 shares of the real estate investment trust’s stock worth $199,127,000 after buying an additional 674,617 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Essex Property Trust by 21.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock worth $439,520,000 after buying an additional 301,349 shares in the last quarter. Morgan Stanley raised its position in Essex Property Trust by 31.3% in the 4th quarter. Morgan Stanley now owns 958,090 shares of the real estate investment trust’s stock valued at $250,714,000 after buying an additional 228,165 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in Essex Property Trust by 1,768.0% in the 4th quarter. Teacher Retirement System of Texas now owns 157,438 shares of the real estate investment trust’s stock valued at $41,198,000 after buying an additional 149,010 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Transactions at Essex Property Trust

In related news, Director Mary Kasaris sold 600 shares of Essex Property Trust stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total transaction of $167,670.00. Following the completion of the transaction, the director owned 2,394 shares in the company, valued at approximately $669,003.30. This trade represents a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.47% of the company’s stock.

Analysts Set New Price Targets

ESS has been the topic of several research reports. Royal Bank Of Canada boosted their target price on Essex Property Trust from $282.00 to $288.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Essex Property Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Mizuho boosted their price objective on shares of Essex Property Trust from $285.00 to $308.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Evercore restated an “outperform” rating and set a $296.00 target price on shares of Essex Property Trust in a report on Monday, June 8th. Finally, Sanford C. Bernstein began coverage on shares of Essex Property Trust in a research report on Friday, June 26th. They issued an “outperform” rating and a $320.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $298.18.

Essex Property Trust Stock Performance

NYSE ESS opened at $293.66 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.22. The firm’s fifty day moving average price is $283.94 and its two-hundred day moving average price is $264.27. Essex Property Trust, Inc. has a 1 year low of $238.46 and a 1 year high of $303.35. The firm has a market capitalization of $18.87 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 12.67 and a beta of 0.70.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. The firm had revenue of $484.76 million during the quarter, compared to the consensus estimate of $479.89 million. During the same period last year, the business earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, research analysts anticipate that Essex Property Trust, Inc. will post 16.11 EPS for the current year.

Essex Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $2.59 dividend. This represents a $10.36 annualized dividend and a yield of 3.5%. The ex-dividend date was Tuesday, June 30th. Essex Property Trust’s dividend payout ratio (DPR) is 116.40%.

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.