Essex Property Trust, Inc. $ESS Stock Position Lifted by Leeward Investments LLC MA

Leeward Investments LLC MA grew its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,628 shares of the real estate investment trust’s stock after buying an additional 3,281 shares during the period. Leeward Investments LLC MA owned about 0.05% of Essex Property Trust worth $8,538,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in Essex Property Trust by 21.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock worth $439,520,000 after acquiring an additional 301,349 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Essex Property Trust by 9.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 1,157,617 shares of the real estate investment trust’s stock worth $309,848,000 after purchasing an additional 100,730 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Essex Property Trust by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 929,187 shares of the real estate investment trust’s stock worth $248,703,000 after purchasing an additional 5,483 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Essex Property Trust by 3.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 882,010 shares of the real estate investment trust’s stock worth $233,668,000 after purchasing an additional 32,981 shares during the last quarter. Finally, Resolution Capital Ltd lifted its holdings in shares of Essex Property Trust by 3.2% in the 2nd quarter. Resolution Capital Ltd now owns 848,629 shares of the real estate investment trust’s stock worth $240,501,000 after purchasing an additional 26,661 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ESS. Wall Street Zen raised Essex Property Trust from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Stifel Nicolaus raised their price target on Essex Property Trust from $278.00 to $281.50 and gave the stock a “hold” rating in a report on Wednesday, April 29th. Piper Sandler raised shares of Essex Property Trust from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $275.00 to $310.00 in a report on Monday, May 4th. Cantor Fitzgerald lifted their price objective on shares of Essex Property Trust from $290.00 to $291.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Barclays raised their price target on shares of Essex Property Trust from $272.00 to $277.00 and gave the company an “equal weight” rating in a research note on Monday. Five investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Essex Property Trust currently has a consensus rating of “Hold” and a consensus price target of $284.28.

Essex Property Trust Trading Down 0.6%

NYSE:ESS opened at $266.89 on Friday. Essex Property Trust, Inc. has a 1 year low of $238.46 and a 1 year high of $294.09. The stock has a market cap of $17.15 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 11.63 and a beta of 0.71. The business has a fifty day moving average of $253.64 and a 200-day moving average of $255.40. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.98 and a current ratio of 0.98.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($2.31). Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.The business had revenue of $484.76 million during the quarter, compared to the consensus estimate of $479.89 million. During the same period in the previous year, the company posted $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Equities analysts predict that Essex Property Trust, Inc. will post 16.04 earnings per share for the current year.

Essex Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $2.59 dividend. This represents a $10.36 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, June 30th. Essex Property Trust’s dividend payout ratio is 116.40%.

About Essex Property Trust

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.