Hsbc Holdings PLC Buys 15,727 Shares of Essex Property Trust, Inc. $ESS

Hsbc Holdings PLC increased its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 6.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,279 shares of the real estate investment trust’s stock after buying an additional 15,727 shares during the quarter. Hsbc Holdings PLC owned 0.39% of Essex Property Trust worth $76,407,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ESS. DoubleLine ETF Adviser LP boosted its holdings in Essex Property Trust by 0.8% during the 4th quarter. DoubleLine ETF Adviser LP now owns 4,624 shares of the real estate investment trust’s stock worth $1,320,000 after acquiring an additional 38 shares during the last quarter. Stephens Inc. AR lifted its position in shares of Essex Property Trust by 4.6% during the first quarter. Stephens Inc. AR now owns 985 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 43 shares in the last quarter. Horizon Investments LLC boosted its holdings in Essex Property Trust by 5.0% during the first quarter. Horizon Investments LLC now owns 929 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 44 shares during the last quarter. Gen Wealth Partners Inc grew its position in Essex Property Trust by 2.4% in the 4th quarter. Gen Wealth Partners Inc now owns 1,952 shares of the real estate investment trust’s stock worth $557,000 after purchasing an additional 45 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Essex Property Trust by 6.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 778 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 46 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Essex Property Trust Stock Performance

NYSE:ESS opened at $262.3440 on Thursday. The company has a market capitalization of $16.89 billion, a P/E ratio of 21.09, a P/E/G ratio of 6.75 and a beta of 0.80. The business has a fifty day simple moving average of $276.85 and a two-hundred day simple moving average of $283.69. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.09. Essex Property Trust, Inc. has a 1 year low of $243.85 and a 1 year high of $317.73.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.99 by $0.04. Essex Property Trust had a return on equity of 13.98% and a net margin of 43.51%.The company had revenue of $465.84 million during the quarter, compared to the consensus estimate of $466.47 million. During the same quarter in the prior year, the company earned $3.94 EPS. Essex Property Trust has set its Q3 2025 guidance at 3.890-3.990 EPS. FY 2025 guidance at 15.800-16.020 EPS. On average, analysts expect that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley dropped their target price 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. Barclays dropped their price target on Essex Property Trust from $335.00 to $298.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 12th. Royal Bank Of Canada upped their price objective on Essex Property Trust from $306.00 to $307.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Evercore ISI decreased their target price on Essex Property Trust from $285.00 to $279.00 and set an “in-line” rating for the company in a research report on Tuesday, August 12th. Finally, Scotiabank cut their price target on shares of Essex Property Trust from $320.00 to $309.00 and set a “sector outperform” rating on the stock in a report on Tuesday, August 5th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $302.86.

About Essex Property Trust

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.