Pacific Heights Asset Management LLC Has $22.75 Million Stock Holdings in Essex Property Trust, Inc. $ESS

Pacific Heights Asset Management LLC raised its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 41.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,000 shares of the real estate investment trust’s stock after buying an additional 25,000 shares during the period. Essex Property Trust comprises about 1.0% of Pacific Heights Asset Management LLC’s investment portfolio, making the stock its 27th biggest holding. Pacific Heights Asset Management LLC owned 0.13% of Essex Property Trust worth $22,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ESS. Valeo Financial Advisors LLC raised its holdings in shares of Essex Property Trust by 151,452.8% during the second quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust’s stock worth $843,969,000 after acquiring an additional 2,976,047 shares in the last quarter. Norges Bank acquired a new position in Essex Property Trust during the second quarter worth $239,442,000. Daiwa Securities Group Inc. increased its holdings in shares of Essex Property Trust by 48.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,056,887 shares of the real estate investment trust’s stock valued at $299,522,000 after acquiring an additional 344,287 shares during the last quarter. Boston Partners raised its position in shares of Essex Property Trust by 28.3% in the second quarter. Boston Partners now owns 860,854 shares of the real estate investment trust’s stock valued at $243,910,000 after purchasing an additional 189,663 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Essex Property Trust by 42.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 509,455 shares of the real estate investment trust’s stock worth $144,400,000 after acquiring an additional 150,869 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on ESS. Weiss Ratings reiterated a “hold (c+)” rating on shares of Essex Property Trust in a report on Wednesday, October 8th. Truist Financial cut their price objective on shares of Essex Property Trust from $283.00 to $273.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Wall Street Zen downgraded Essex Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Jefferies Financial Group restated a “hold” rating and set a $282.00 price target (down from $304.00) on shares of Essex Property Trust in a research note on Monday, December 15th. Finally, BNP Paribas downgraded Essex Property Trust from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. Seven equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $287.22.

Essex Property Trust Trading Up 1.8%

ESS stock opened at $258.07 on Tuesday. Essex Property Trust, Inc. has a 1-year low of $243.25 and a 1-year high of $316.29. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $257.61 and its 200-day moving average is $263.44. The firm has a market cap of $16.62 billion, a P/E ratio of 19.61, a P/E/G ratio of 6.15 and a beta of 0.73.

Essex Property Trust (NYSE:ESS) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 EPS for the quarter, topping the consensus estimate of $3.96 by $0.01. Essex Property Trust had a return on equity of 14.68% and a net margin of 45.46%.The business had revenue of $473.30 million during the quarter, compared to the consensus estimate of $472.11 million. During the same quarter last year, the company earned $3.91 EPS. 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. Equities analysts anticipate that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal year.

Essex Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were issued a $2.57 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $10.28 annualized dividend and a dividend yield of 4.0%. Essex Property Trust’s dividend payout ratio is presently 78.12%.

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.