Police & Firemen s Retirement System of New Jersey Boosts Stock Position in Essex Property Trust, Inc. $ESS

Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,654 shares of the real estate investment trust’s stock after buying an additional 401 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Essex Property Trust were worth $2,736,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in Essex Property Trust by 1.3% during the second quarter. Geode Capital Management LLC now owns 1,825,007 shares of the real estate investment trust’s stock worth $515,226,000 after acquiring an additional 23,565 shares during the period. Tobam raised its position in shares of Essex Property Trust by 167.3% during the 2nd quarter. Tobam now owns 131 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 82 shares during the last quarter. Forsta AP Fonden lifted its stake in Essex Property Trust by 40.7% in the 2nd quarter. Forsta AP Fonden now owns 16,600 shares of the real estate investment trust’s stock valued at $4,704,000 after buying an additional 4,800 shares in the last quarter. National Pension Service lifted its stake in Essex Property Trust by 0.6% in the 2nd quarter. National Pension Service now owns 124,400 shares of the real estate investment trust’s stock valued at $35,255,000 after buying an additional 693 shares in the last quarter. Finally, Boston Partners boosted its holdings in Essex Property Trust by 28.3% in the 2nd quarter. Boston Partners now owns 860,854 shares of the real estate investment trust’s stock worth $243,910,000 after buying an additional 189,663 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

ESS has been the subject of a number of research analyst reports. Stifel Nicolaus increased their target price on Essex Property Trust from $301.50 to $305.50 and gave the company a “hold” rating in a report on Wednesday, July 30th. BNP Paribas downgraded Essex Property Trust from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. Evercore ISI lowered their target price on shares of Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating on the stock in a research note on Monday, November 3rd. Royal Bank Of Canada upped their target price on shares of Essex Property Trust from $306.00 to $307.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Scotiabank decreased their price target on shares of 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 research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Essex Property Trust has an average rating of “Hold” and a consensus price target of $292.53.

Essex Property Trust Stock Up 0.4%

Shares of NYSE:ESS opened at $253.39 on Wednesday. Essex Property Trust, Inc. has a 52-week low of $243.25 and a 52-week high of $316.29. The stock has a market cap of $16.32 billion, a P/E ratio of 19.25, a PEG ratio of 6.00 and a beta of 0.82. The business has a fifty day moving average of $260.96 and a two-hundred day moving average of $271.17. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.16.

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

Essex Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $2.57 per share. The ex-dividend date was Tuesday, September 30th. This represents a $10.28 dividend on an annualized basis and a dividend yield of 4.1%. Essex Property Trust’s dividend payout ratio (DPR) is currently 78.12%.

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.