3,733 Shares in Essex Property Trust, Inc. $ESS Purchased by Kepler Cheuvreux Suisse SA

Kepler Cheuvreux Suisse SA purchased a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,733 shares of the real estate investment trust’s stock, valued at approximately $999,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Essex Property Trust by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,493,313 shares of the real estate investment trust’s stock worth $2,973,805,000 after acquiring an additional 53,039 shares in the last quarter. State Street Corp grew its holdings in shares of Essex Property Trust by 2.5% in the second quarter. State Street Corp now owns 5,388,169 shares of the real estate investment trust’s stock valued at $1,540,570,000 after purchasing an additional 129,806 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Essex Property Trust by 1.3% in the second quarter. Geode Capital Management LLC now owns 1,825,007 shares of the real estate investment trust’s stock valued at $515,226,000 after purchasing an additional 23,565 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Essex Property Trust by 48.3% in the second quarter. Daiwa Securities Group Inc. now owns 1,056,887 shares of the real estate investment trust’s stock worth $299,522,000 after purchasing an additional 344,287 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Essex Property Trust by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 929,187 shares of the real estate investment trust’s stock valued at $248,703,000 after purchasing an additional 5,483 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Essex Property Trust Trading Down 1.6%

Shares of ESS opened at $250.11 on Thursday. The company’s fifty day simple moving average is $254.54 and its 200-day simple moving average is $258.82. The company has a market cap of $16.13 billion, a P/E ratio of 24.03, a P/E/G ratio of 7.98 and a beta of 0.73. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.19. Essex Property Trust, Inc. has a twelve month low of $243.25 and a twelve month high of $310.10.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $3.98 EPS for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.02). The firm had revenue of $479.63 million for the quarter, compared to analysts’ expectations of $474.66 million. Essex Property Trust had a return on equity of 11.61% and a net margin of 35.48%.During the same period in the prior year, the firm posted $3.92 earnings per share. Essex Property Trust has set its FY 2026 guidance at 15.690-16.190 EPS and its Q1 2026 guidance at 3.890-4.010 EPS. As a group, analysts expect that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $2.59 per share. This represents a $10.36 annualized dividend and a dividend yield of 4.1%. This is a boost from Essex Property Trust’s previous quarterly dividend of $2.57. The ex-dividend date is Tuesday, March 31st. Essex Property Trust’s dividend payout ratio (DPR) is presently 99.52%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $290.00 price objective on shares of Essex Property Trust in a research report on Monday, February 9th. Robert W. Baird upped their target price on shares of Essex Property Trust from $279.00 to $281.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Wall Street Zen downgraded shares of Essex Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Barclays dropped their price target on Essex Property Trust from $292.00 to $271.00 and set an “equal weight” rating for the company in a research report on Friday, March 6th. Finally, Raymond James Financial restated a “market perform” rating on shares of Essex Property Trust in a research report on Friday, February 27th. Four research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $282.00.

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.