Essex Property Trust, Inc. $ESS Holdings Boosted by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. raised its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 297,246 shares of the real estate investment trust’s stock after purchasing an additional 5,776 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Essex Property Trust were worth $84,240,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank grew 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 valued at $82,000 after buying an additional 40 shares in the last quarter. Turning Point Benefit Group Inc. boosted its position in Essex Property Trust by 2.3% during the 2nd 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 period. Stephens Inc. AR grew its stake in Essex Property Trust by 4.6% during the 1st quarter. Stephens Inc. AR now owns 985 shares of the real estate investment trust’s stock valued at $302,000 after acquiring an additional 43 shares in the last quarter. Horizon Investments LLC grew its stake in Essex Property Trust by 5.0% during the 1st quarter. Horizon Investments LLC now owns 929 shares of the real estate investment trust’s stock valued at $285,000 after acquiring an additional 44 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of Essex Property Trust by 5.6% in the 2nd 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 period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Essex Property Trust Stock Performance

ESS stock opened at $254.49 on Monday. The firm has a 50 day moving average of $261.53 and a two-hundred day moving average of $271.68. Essex Property Trust, Inc. has a 12 month low of $243.25 and a 12 month high of $316.29. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 6.00 and a beta of 0.82. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.16.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.01. The business had revenue of $473.30 million during the quarter, compared to analyst estimates of $472.11 million. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.70%. During the same quarter in the previous year, the business earned $3.91 EPS. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS. FY 2025 guidance at 15.890-15.990 EPS. As a group, equities analysts anticipate that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

The business also recently declared 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. This represents a $10.28 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, September 30th. Essex Property Trust’s dividend payout ratio is 78.12%.

Analyst Upgrades and Downgrades

Several analysts recently commented on ESS shares. 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 target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Essex Property Trust in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Essex Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. BNP Paribas downgraded shares of Essex Property Trust from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Evercore ISI reduced their price objective on Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating for the company in a research report on Monday, November 3rd. Seven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $292.53.

Essex Property Trust Profile

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.