Essex Property Trust, Inc. $ESS Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in Essex Property Trust, Inc. (NYSE:ESS) by 20.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 13,604 shares of the real estate investment trust’s stock after selling 3,428 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Essex Property Trust were worth $3,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC increased its position in shares of Essex Property Trust by 3.8% during the third quarter. Legacy Wealth Asset Management LLC now owns 1,054 shares of the real estate investment trust’s stock worth $282,000 after acquiring an additional 39 shares during the last quarter. Huntington National Bank raised its holdings in shares of Essex Property Trust by 16.1% during the second quarter. Huntington National Bank now owns 288 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 40 shares during the period. Turning Point Benefit Group Inc. lifted its holdings in Essex Property Trust by 2.3% in the second quarter. Turning Point Benefit Group Inc. now owns 1,861 shares of the real estate investment trust’s stock worth $527,000 after acquiring an additional 42 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Essex Property Trust by 5.6% during the second quarter. V Square Quantitative Management LLC now owns 912 shares of the real estate investment trust’s stock valued at $258,000 after purchasing an additional 48 shares during the last quarter. Finally, Copperwynd Financial LLC raised its position in shares of Essex Property Trust by 6.7% during the 2nd quarter. Copperwynd Financial LLC now owns 842 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 53 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

ESS has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Essex Property Trust in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their target price on Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Scotiabank cut 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. UBS Group increased their price target on Essex Property Trust from $267.00 to $274.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, BNP Paribas Exane cut Essex Property Trust from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Six investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, Essex Property Trust has an average rating of “Hold” and an average price target of $287.09.

Essex Property Trust Price Performance

ESS opened at $250.24 on Tuesday. The firm has a market capitalization of $16.12 billion, a P/E ratio of 19.02, a PEG ratio of 5.98 and a beta of 0.73. The stock has a fifty day moving average of $258.03 and a 200-day moving average of $264.48. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.15. 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 posted 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. The firm had revenue of $473.30 million for the quarter, compared to analyst estimates of $472.11 million. Essex Property Trust had a return on equity of 14.68% and a net margin of 45.46%.During the same period in the previous year, the firm earned $3.91 earnings per share. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS and its FY 2025 guidance at 15.890-15.990 EPS. Equities analysts forecast that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a $2.57 dividend. This represents a $10.28 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, January 2nd. Essex Property Trust’s dividend payout ratio is currently 78.12%.

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.