Essex Property Trust, Inc. $ESS Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 69.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 826 shares of the real estate investment trust’s stock after selling 1,896 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Essex Property Trust were worth $200,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Hsbc Holdings PLC grew its holdings in shares of Essex Property Trust by 11.4% during the fourth quarter. Hsbc Holdings PLC now owns 212,619 shares of the real estate investment trust’s stock valued at $55,655,000 after purchasing an additional 21,832 shares during the last quarter. Corient Private Wealth LLC boosted its position in Essex Property Trust by 180.4% during the 4th quarter. Corient Private Wealth LLC now owns 9,838 shares of the real estate investment trust’s stock valued at $2,575,000 after purchasing an additional 6,330 shares during the period. EJMK Ventures LLC acquired a new position in Essex Property Trust during the 4th quarter valued at approximately $278,000. Tobam boosted its position in Essex Property Trust by 672.4% during the 4th quarter. Tobam now owns 2,433 shares of the real estate investment trust’s stock valued at $637,000 after purchasing an additional 2,118 shares during the period. Finally, Arwa LLC bought a new position in Essex Property Trust during the 4th quarter worth $1,238,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Essex Property Trust Price Performance

Shares of NYSE ESS opened at $285.01 on Friday. The firm’s 50-day simple moving average is $271.38 and its 200 day simple moving average is $259.71. The stock has a market cap of $18.31 billion, a P/E ratio of 32.02, a P/E/G ratio of 12.16 and a beta of 0.72. 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 fifty-two week low of $238.46 and a fifty-two week high of $294.09.

Essex Property Trust (NYSE:ESS) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 EPS for the quarter, missing the consensus estimate 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 company had revenue of $484.76 million for the quarter, compared to analyst estimates of $479.89 million. During the same period in the previous year, the business posted $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Equities analysts expect that Essex Property Trust, Inc. will post 16.08 EPS for the current year.

Essex Property Trust Dividend Announcement

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

Wall Street Analyst Weigh In

ESS has been the topic of several analyst reports. Wells Fargo & Company increased their target price on Essex Property Trust from $262.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. UBS Group set a $290.00 price target on shares of Essex Property Trust in a report on Thursday, June 18th. Scotiabank restated an “outperform” rating on shares of Essex Property Trust in a research report on Thursday, June 18th. Barclays lifted their price objective on shares of Essex Property Trust from $272.00 to $277.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Finally, Cantor Fitzgerald boosted their target price on shares of Essex Property Trust from $290.00 to $291.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $288.59.

Insider Buying and Selling

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the company’s 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 sale, the director directly owned 2,394 shares in the company, valued at $669,003.30. This represents a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.47% of the stock is currently owned by insiders.

Essex Property Trust Company 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.