Essex Property Trust, Inc. $ESS Shares Purchased by Gries Financial LLC

Gries Financial LLC raised its position in Essex Property Trust, Inc. (NYSE:ESS) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,507 shares of the real estate investment trust’s stock after purchasing an additional 133 shares during the quarter. Gries Financial LLC’s holdings in Essex Property Trust were worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of Essex Property Trust in the first quarter valued at approximately $31,000. Ransom Advisory Ltd acquired a new stake in shares of Essex Property Trust in the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT acquired a new stake in shares of Essex Property Trust in the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Essex Property Trust in the first quarter valued at approximately $35,000. Finally, Capital Analysts LLC increased its stake in shares of Essex Property Trust by 56.3% in the first quarter. Capital Analysts LLC now owns 136 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Essex Property Trust Trading Down 0.2%

Essex Property Trust stock opened at $266.92 on Tuesday. The company has a 50 day moving average price of $268.27 and a 200 day moving average price of $278.62. Essex Property Trust, Inc. has a 52 week low of $243.85 and a 52 week high of $316.29. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $17.19 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 6.87 and a beta of 0.83.

Essex Property Trust (NYSE:ESS) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.99 by $0.04. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. 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 firm 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. Research analysts forecast that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $2.57 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $10.28 dividend on an annualized basis and a yield of 3.9%. Essex Property Trust’s dividend payout ratio is presently 82.64%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ESS shares. Barclays dropped their price target on shares of Essex Property Trust from $335.00 to $298.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 12th. Scotiabank lowered their price objective on shares of Essex Property Trust from $320.00 to $309.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, August 5th. Royal Bank Of Canada raised their price objective on shares of Essex Property Trust from $306.00 to $307.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Raymond James Financial upgraded shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $315.00 price objective on the stock in a research note on Tuesday, June 24th. Finally, Stifel Nicolaus raised their price objective on shares of Essex Property Trust from $301.50 to $305.50 and gave the company a “hold” rating in a research note on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $298.66.

Essex Property Trust Company Profile

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.