Essex Property Trust, Inc. $ESS Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC increased its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 13.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,534 shares of the real estate investment trust’s stock after buying an additional 2,746 shares during the quarter. NEOS Investment Management LLC’s holdings in Essex Property Trust were worth $6,862,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. AXQ Capital LP acquired a new stake in Essex Property Trust during the 2nd quarter worth about $434,000. Nykredit A S acquired a new position in shares of Essex Property Trust in the second quarter valued at about $6,862,000. Proficio Capital Partners LLC acquired a new position in shares of Essex Property Trust in the second quarter valued at about $328,000. Sigma Planning Corp raised its stake in shares of Essex Property Trust by 1.5% in the second quarter. Sigma Planning Corp now owns 4,949 shares of the real estate investment trust’s stock worth $1,443,000 after purchasing an additional 73 shares during the last quarter. Finally, Greenleaf Trust raised its stake in shares of Essex Property Trust by 13.0% in the second quarter. Greenleaf Trust now owns 956 shares of the real estate investment trust’s stock worth $279,000 after purchasing an additional 110 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ESS has been the topic of a number of recent research reports. UBS Group set a $290.00 target price on Essex Property Trust in a research report on Thursday, June 18th. Jefferies Financial Group raised shares of Essex Property Trust to a “strong-buy” rating in a research report on Wednesday, July 22nd. Sanford C. Bernstein initiated coverage on shares of Essex Property Trust in a research note on Friday, June 26th. They set an “outperform” rating and a $320.00 price objective for the company. Weiss Ratings raised shares of Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Finally, Citigroup raised shares of Essex Property Trust from a “buy” rating to an “outperform” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.79.

Essex Property Trust Stock Down 0.0%

Essex Property Trust stock opened at $278.53 on Friday. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 43.32, a price-to-earnings-growth ratio of 10.19 and a beta of 0.69. Essex Property Trust, Inc. has a 52 week low of $238.46 and a 52 week high of $303.35. The business’s 50-day moving average price is $289.38 and its 200 day moving average price is $271.70. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.22.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $2.62. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.The company had revenue of $489.05 million during the quarter, compared to the consensus estimate of $485.12 million. During the same period in the previous year, the company posted $4.03 earnings per share. Essex Property Trust has set its Q3 2026 guidance at 3.930-4.050 EPS and its FY 2026 guidance at 16.030-16.250 EPS. As a group, sell-side analysts anticipate that Essex Property Trust, Inc. will post 16.18 earnings per share for the current year.

Essex Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $2.59 dividend. This represents a $10.36 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, September 30th. Essex Property Trust’s payout ratio is currently 161.12%.

Essex Property Trust Company 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.