Essex Property Trust, Inc. $ESS Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in Essex Property Trust, Inc. (NYSE:ESS) by 28.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,744 shares of the real estate investment trust’s stock after selling 6,150 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Essex Property Trust were worth $4,079,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ESS. Woodline Partners LP acquired a new position in Essex Property Trust in the 1st quarter valued at $1,664,000. Focus Partners Wealth acquired a new position in Essex Property Trust in the 1st quarter valued at $223,000. EverSource Wealth Advisors LLC increased its stake in Essex Property Trust by 70.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 279 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 115 shares during the period. First Trust Advisors LP increased its stake in Essex Property Trust by 186.2% in the 2nd quarter. First Trust Advisors LP now owns 33,614 shares of the real estate investment trust’s stock valued at $9,526,000 after buying an additional 21,871 shares during the period. Finally, Bank of Nova Scotia increased its stake in Essex Property Trust by 10.9% in the 2nd quarter. Bank of Nova Scotia now owns 8,274 shares of the real estate investment trust’s stock valued at $2,345,000 after buying an additional 811 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Essex Property Trust Price Performance

Essex Property Trust stock opened at $277.00 on Friday. Essex Property Trust, Inc. has a 52 week low of $238.46 and a 52 week high of $294.09. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.22. The firm’s 50-day simple moving average is $255.60 and its 200 day simple moving average is $256.11. The firm has a market capitalization of $17.80 billion, a PE ratio of 31.12, a P/E/G ratio of 11.84 and a beta of 0.71.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings data 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). Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.The business had revenue of $484.76 million during the quarter, compared to analysts’ expectations of $479.89 million. During the same quarter in the prior year, the firm earned $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, equities research analysts predict that Essex Property Trust, Inc. will post 16.06 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 dividend yield of 3.7%. Essex Property Trust’s payout ratio is currently 116.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ESS shares. Royal Bank Of Canada upped their price target on shares of Essex Property Trust from $282.00 to $288.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Morgan Stanley set a $293.00 price target on shares of Essex Property Trust in a research note on Friday, May 15th. Weiss Ratings raised shares of Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Raymond James Financial reaffirmed a “market perform” rating on shares of Essex Property Trust in a research note on Friday, February 27th. Finally, Stifel Nicolaus upped their price target on shares of Essex Property Trust from $278.00 to $281.50 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Essex Property Trust currently has an average rating of “Hold” and a consensus target price of $283.74.

About Essex Property Trust

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.