Nordea Investment Management AB Increases Stock Position in Essex Property Trust, Inc. $ESS

Nordea Investment Management AB grew its position in Essex Property Trust, Inc. (NYSE:ESS) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,118 shares of the real estate investment trust’s stock after purchasing an additional 336 shares during the period. Nordea Investment Management AB’s holdings in Essex Property Trust were worth $1,431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. S Bank Fund Management Ltd raised its holdings in shares of Essex Property Trust by 13.0% in the second quarter. S Bank Fund Management Ltd now owns 5,539 shares of the real estate investment trust’s stock valued at $1,570,000 after purchasing an additional 637 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new stake in Essex Property Trust during the second quarter worth about $209,000. Naviter Wealth LLC increased its holdings in Essex Property Trust by 8.9% during the second quarter. Naviter Wealth LLC now owns 4,888 shares of the real estate investment trust’s stock worth $1,398,000 after buying an additional 399 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Essex Property Trust by 158.2% during the second quarter. Sequoia Financial Advisors LLC now owns 2,009 shares of the real estate investment trust’s stock worth $569,000 after buying an additional 1,231 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in Essex Property Trust by 2.9% during the second quarter. Concurrent Investment Advisors LLC now owns 1,967 shares of the real estate investment trust’s stock worth $557,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Essex Property Trust Price Performance

Shares of NYSE:ESS opened at $263.91 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $17.00 billion, a PE ratio of 21.21, a P/E/G ratio of 6.42 and a beta of 0.81. Essex Property Trust, Inc. has a twelve month low of $243.85 and a twelve month high of $316.29. The company has a 50-day moving average price of $264.06 and a two-hundred day moving average price of $273.33.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.99 by $0.04. The firm had revenue of $465.84 million during the quarter, compared to analyst estimates of $466.47 million. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. During the same quarter last year, the business 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. Equities analysts forecast that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $2.57 dividend. This represents a $10.28 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Tuesday, September 30th. Essex Property Trust’s dividend payout ratio (DPR) is 82.64%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of Essex Property Trust in a report on Wednesday, October 1st. They set an “overweight” rating and a $300.00 price objective for the company. Royal Bank Of Canada raised their price objective 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. Piper Sandler downgraded shares of Essex Property Trust from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $355.00 to $275.00 in a report on Monday, August 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Essex Property Trust in a report on Wednesday, October 8th. Finally, UBS Group decreased their price objective on shares of Essex Property Trust from $297.00 to $295.00 and set a “neutral” rating for the company in a report on Tuesday, July 15th. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Essex Property Trust presently has an average 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.