Danske Bank A S Acquires 4,338 Shares of Essex Property Trust, Inc. $ESS

Danske Bank A S increased its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 10.4% during the fourth quarter, Holdings Channel reports. The fund owned 45,944 shares of the real estate investment trust’s stock after purchasing an additional 4,338 shares during the period. Danske Bank A S’s holdings in Essex Property Trust were worth $12,023,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Hantz Financial Services Inc. grew its position in Essex Property Trust by 57.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 42 shares during the last quarter. True Wealth Design LLC grew its position in Essex Property Trust by 120.0% during the 4th quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 96 shares during the last quarter. SJS Investment Consulting Inc. bought a new stake in Essex Property Trust during the 3rd quarter worth approximately $48,000. MUFG Securities EMEA plc bought a new stake in Essex Property Trust during the 2nd quarter worth approximately $54,000. Finally, Advisory Services Network LLC bought a new stake in Essex Property Trust during the 3rd quarter worth approximately $51,000. 96.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays upped their price objective on Essex Property Trust from $271.00 to $272.00 and gave the stock an “equal weight” rating in a report on Monday, April 27th. Wall Street Zen raised Essex Property Trust from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Robert W. Baird upped their price objective on Essex Property Trust from $279.00 to $281.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. 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 report on Thursday. Finally, Wells Fargo & Company reduced their price objective on Essex Property Trust from $268.00 to $262.00 and set an “equal weight” rating on the stock in a report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, Essex Property Trust has an average rating of “Hold” and a consensus target price of $280.72.

Essex Property Trust Stock Up 0.0%

NYSE:ESS opened at $263.47 on Monday. The stock’s fifty day moving average price is $251.76 and its two-hundred day moving average price is $254.96. Essex Property Trust, Inc. has a 52-week low of $238.46 and a 52-week high of $294.09. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $16.93 billion, a price-to-earnings ratio of 29.60, a P/E/G ratio of 8.25 and a beta of 0.71.

Essex Property Trust (NYSE:ESS) last issued 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 business had revenue of $484.76 million for 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 previous year, the firm posted $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, analysts anticipate that Essex Property Trust, Inc. will post 16.03 EPS for the current year.

Essex Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $2.59 per share. This represents a $10.36 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, March 31st. This is a positive change from Essex Property Trust’s previous quarterly dividend of $2.57. Essex Property Trust’s dividend payout ratio is presently 116.40%.

Essex Property Trust 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.