Essex Property Trust, Inc. $ESS Stake Cut by BROOKFIELD Corp ON

BROOKFIELD Corp ON cut its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 29.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 53,076 shares of the real estate investment trust’s stock after selling 21,844 shares during the period. BROOKFIELD Corp ON’s holdings in Essex Property Trust were worth $12,844,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its stake in Essex Property Trust by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,873,698 shares of the real estate investment trust’s stock valued at $488,601,000 after acquiring an additional 22,835 shares during the period. Principal Financial Group Inc. grew its stake in Essex Property Trust by 21.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock worth $439,520,000 after buying an additional 301,349 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Essex Property Trust by 9.5% in the third quarter. Daiwa Securities Group Inc. now owns 1,157,617 shares of the real estate investment trust’s stock worth $309,848,000 after buying an additional 100,730 shares during the period. Dimensional Fund Advisors LP lifted its stake in Essex Property Trust by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 995,810 shares of the real estate investment trust’s stock valued at $240,989,000 after buying an additional 57,173 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Essex Property Trust by 31.3% during the fourth quarter. Morgan Stanley now owns 958,090 shares of the real estate investment trust’s stock valued at $250,714,000 after acquiring an additional 228,165 shares during the period. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust Price Performance

Shares of ESS opened at $293.32 on Monday. 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 firm has a market cap of $18.85 billion, a PE ratio of 32.96, a PEG ratio of 12.65 and a beta of 0.70. The firm’s 50 day moving average price is $285.41 and its 200 day moving average price is $265.03. Essex Property Trust, Inc. has a twelve month low of $238.46 and a twelve month high of $303.35.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $484.76 million during the quarter, compared to analyst estimates of $479.89 million. During the same period in the prior year, the firm earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, research analysts expect that Essex Property Trust, Inc. will post 16.11 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $2.59 dividend. This represents a $10.36 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Essex Property Trust’s dividend payout ratio is currently 116.40%.

Insider Activity

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total value of $167,670.00. Following the completion of the sale, the director directly owned 2,394 shares of the company’s stock, valued at $669,003.30. This represents a 20.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ESS. Evercore restated an “outperform” rating and issued a $296.00 target price on shares of Essex Property Trust in a research report on Monday, June 8th. Wells Fargo & Company increased their price objective on Essex Property Trust from $280.00 to $297.00 and gave the stock an “equal weight” rating in a report on Wednesday. Jefferies Financial Group raised Essex Property Trust to a “strong-buy” rating in a research note on Wednesday, July 22nd. Cantor Fitzgerald increased their price target on Essex Property Trust from $290.00 to $291.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, UBS Group set a $290.00 price target on Essex Property Trust in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $299.08.

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.