Bogart Wealth LLC Increases Position in Essex Property Trust, Inc. $ESS

Bogart Wealth LLC increased its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 8,700.0% during the second quarter, Holdings Channel reports. The institutional investor owned 176 shares of the real estate investment trust’s stock after acquiring an additional 174 shares during the period. Bogart Wealth LLC’s holdings in Essex Property Trust were worth $50,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ESS. Vanguard Group Inc. boosted its stake in shares of Essex Property Trust by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 10,440,274 shares of the real estate investment trust’s stock worth $3,200,675,000 after acquiring an additional 87,117 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in Essex Property Trust by 151,452.8% in the second quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust’s stock valued at $843,969,000 after purchasing an additional 2,976,047 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Essex Property Trust by 66.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,746,242 shares of the real estate investment trust’s stock valued at $841,916,000 after purchasing an additional 1,096,619 shares during the last quarter. Wealthquest Corp purchased a new position in shares of Essex Property Trust in the first quarter valued at $384,606,000. Finally, Northern Trust Corp raised its stake in shares of Essex Property Trust by 10.6% during the 1st quarter. Northern Trust Corp now owns 1,247,133 shares of the real estate investment trust’s stock worth $382,334,000 after buying an additional 119,303 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Essex Property Trust Stock Up 0.6%

Shares of NYSE ESS opened at $262.38 on Wednesday. The firm’s 50 day moving average price is $263.80 and its 200 day moving average price is $273.38. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $16.90 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 6.33 and a beta of 0.81. Essex Property Trust, Inc. has a 1 year low of $243.85 and a 1 year high of $316.29.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.04. The business had revenue of $465.84 million for the quarter, compared to analysts’ expectations of $466.47 million. Essex Property Trust had a return on equity of 13.98% and a net margin of 43.51%.During the same quarter last year, the firm earned $3.94 earnings per share. Essex Property Trust has set its Q3 2025 guidance at 3.890-3.990 EPS. FY 2025 guidance at 15.800-16.020 EPS. As a group, sell-side analysts anticipate that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Essex Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.9%. Essex Property Trust’s dividend payout ratio is currently 82.64%.

Analyst Ratings Changes

ESS has been the topic of a number of research reports. Wall Street Zen raised shares of Essex Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Cantor Fitzgerald initiated coverage on shares of Essex Property Trust in a research note on Wednesday, October 1st. They set an “overweight” rating and a $300.00 price objective for the company. Piper Sandler lowered Essex Property Trust from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $355.00 to $275.00 in a research note on Monday, August 4th. Wells Fargo & Company raised their price target on Essex Property Trust from $279.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Monday, October 13th. Finally, Stifel Nicolaus boosted their price target on Essex Property Trust from $301.50 to $305.50 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $297.09.

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.