Texas Permanent School Fund Corp Sells 2,660 Shares of Essex Property Trust, Inc. $ESS

Texas Permanent School Fund Corp lessened its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 37.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,445 shares of the real estate investment trust’s stock after selling 2,660 shares during the period. Texas Permanent School Fund Corp’s holdings in Essex Property Trust were worth $1,260,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ESS. Huntington National Bank grew its stake in shares of Essex Property Trust by 16.1% in the 2nd quarter. Huntington National Bank now owns 288 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 40 shares in the last quarter. Turning Point Benefit Group Inc. lifted its holdings in shares of Essex Property Trust by 2.3% in the 2nd quarter. Turning Point Benefit Group Inc. now owns 1,861 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 42 shares during the last quarter. V Square Quantitative Management LLC grew its position in Essex Property Trust by 5.6% in the second quarter. V Square Quantitative Management LLC now owns 912 shares of the real estate investment trust’s stock worth $258,000 after acquiring an additional 48 shares in the last quarter. Copperwynd Financial LLC increased its stake in Essex Property Trust by 6.7% during the second quarter. Copperwynd Financial LLC now owns 842 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 53 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in Essex Property Trust by 2.9% during the second quarter. Concurrent Investment Advisors LLC now owns 1,967 shares of the real estate investment trust’s stock worth $557,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Scotiabank lowered their price objective on Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating for the company in a research note on Tuesday, November 4th. Jefferies Financial Group restated a “hold” rating and set a $282.00 price target (down previously from $304.00) on shares of Essex Property Trust in a report on Monday, December 15th. BNP Paribas Exane downgraded Essex Property Trust from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Wells Fargo & Company dropped their price objective on shares of Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Essex Property Trust in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, Essex Property Trust presently has an average rating of “Hold” and an average price target of $289.59.

Essex Property Trust Stock Performance

Shares of Essex Property Trust stock opened at $259.64 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.15. The stock’s fifty day moving average is $258.07 and its two-hundred day moving average is $267.18. Essex Property Trust, Inc. has a 52 week low of $243.25 and a 52 week high of $316.29. The company has a market capitalization of $16.72 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 6.33 and a beta of 0.72.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.01. The firm 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 14.68%. During the same period in the previous year, the firm earned $3.91 earnings per share. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS and its FY 2025 guidance at 15.890-15.990 EPS. As a group, analysts expect that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Essex Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a $2.57 dividend. This represents a $10.28 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, January 2nd. Essex Property Trust’s dividend payout ratio is currently 78.12%.

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.