Swedbank AB Has $1.13 Million Stock Position in Essex Property Trust, Inc. $ESS

Swedbank AB reduced its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 71.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,308 shares of the real estate investment trust’s stock after selling 10,585 shares during the quarter. Swedbank AB’s holdings in Essex Property Trust were worth $1,127,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Caprock Group LLC acquired a new stake in shares of Essex Property Trust during the 3rd quarter worth $1,900,000. JPMorgan Chase & Co. grew its holdings in shares of Essex Property Trust by 3.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 594,450 shares of the real estate investment trust’s stock worth $159,114,000 after purchasing an additional 22,378 shares in the last quarter. Centersquare Investment Management LLC grew its holdings in shares of Essex Property Trust by 473.5% during the 3rd quarter. Centersquare Investment Management LLC now owns 516,756 shares of the real estate investment trust’s stock worth $138,315,000 after purchasing an additional 426,650 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Essex Property Trust by 23,100.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,552 shares of the real estate investment trust’s stock worth $683,000 after buying an additional 2,541 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Essex Property Trust by 2.1% during the 3rd quarter. ProShare Advisors LLC now owns 601,341 shares of the real estate investment trust’s stock worth $160,955,000 after buying an additional 12,446 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Essex Property Trust Price Performance

Essex Property Trust stock opened at $277.03 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $17.80 billion, a PE ratio of 31.13, a P/E/G ratio of 11.99 and a beta of 0.71. Essex Property Trust, Inc. has a 12 month low of $238.46 and a 12 month high of $294.09. The stock has a 50-day moving average price of $257.24 and a two-hundred day moving average price of $256.54.

Essex Property Trust (NYSE:ESS) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 EPS for the quarter, missing the consensus estimate of $3.96 by ($2.31). The firm had revenue of $484.76 million during the quarter, compared to the consensus estimate of $479.89 million. Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. During the same quarter in the prior year, the business posted $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Analysts expect that Essex Property Trust, Inc. will post 16.06 EPS for the current year.

Essex Property Trust Announces Dividend

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. The ex-dividend date is Tuesday, June 30th. This represents a $10.36 annualized dividend and a yield of 3.7%. Essex Property Trust’s dividend payout ratio (DPR) is currently 116.40%.

Wall Street Analyst Weigh In

ESS has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on Essex Property Trust from $272.00 to $275.00 and gave the stock an “underweight” rating in a research report on Monday, May 18th. Royal Bank Of Canada upped their price objective on Essex Property Trust from $282.00 to $288.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Truist Financial upped their price objective on Essex Property Trust from $273.00 to $286.00 and gave the stock a “hold” rating in a research report on Wednesday. Wells Fargo & Company dropped their price objective on Essex Property Trust from $268.00 to $262.00 and set an “equal weight” rating for the company in a research report on Thursday, April 23rd. Finally, Scotiabank upped their price objective on Essex Property Trust from $278.00 to $282.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $284.50.

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.