Quinn Opportunity Partners LLC Has $3.59 Million Stock Holdings in Essex Property Trust, Inc. $ESS

Quinn Opportunity Partners LLC reduced its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 24.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,650 shares of the real estate investment trust’s stock after selling 4,000 shares during the period. Quinn Opportunity Partners LLC’s holdings in Essex Property Trust were worth $3,585,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Richardson Financial Services Inc. increased its stake in Essex Property Trust by 300.0% in the 2nd quarter. Richardson Financial Services Inc. now owns 100 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 75 shares during the last quarter. WPG Advisers LLC bought a new position in Essex Property Trust in the 1st quarter valued at $31,000. Ransom Advisory Ltd purchased a new stake in shares of Essex Property Trust during the 1st quarter valued at $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Essex Property Trust during the 1st quarter valued at $34,000. Finally, Princeton Global Asset Management LLC bought a new stake in shares of Essex Property Trust during the 2nd quarter worth $34,000. Institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ESS. Wells Fargo & Company decreased their price objective on shares of Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating for the company in a report on Monday. UBS Group decreased their price target on shares of Essex Property Trust from $295.00 to $267.00 and set a “neutral” rating for the company in a research note on Monday. BNP Paribas downgraded Essex Property Trust from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. Morgan Stanley reduced their price objective on Essex Property Trust from $304.00 to $285.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Finally, Scotiabank lowered their target price on Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, November 4th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $292.53.

Essex Property Trust Price Performance

ESS stock opened at $261.69 on Wednesday. The firm has a 50 day moving average of $262.15 and a 200-day moving average of $272.16. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $16.85 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 6.00 and a beta of 0.82. Essex Property Trust, Inc. has a 12 month low of $243.25 and a 12 month high of $316.29.

Essex Property Trust (NYSE:ESS) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.01. The business had revenue of $473.30 million during the quarter, compared to analyst estimates of $472.11 million. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.70%. During the same period in the previous year, the business posted $3.91 earnings per share. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS. FY 2025 guidance at 15.890-15.990 EPS. As a group, sell-side analysts predict that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal year.

Essex Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $2.57 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $10.28 annualized dividend and a yield of 3.9%. Essex Property Trust’s payout ratio is 78.12%.

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.