Quinn Opportunity Partners LLC Has $4.46 Million Position in Essex Property Trust, Inc. $ESS

Quinn Opportunity Partners LLC raised its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 31.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,650 shares of the real estate investment trust’s stock after purchasing an additional 4,000 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Essex Property Trust were worth $4,457,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Woodline Partners LP bought a new position in shares of Essex Property Trust in the first quarter valued at $1,664,000. Focus Partners Wealth bought a new stake in shares of Essex Property Trust during the first quarter worth about $223,000. Savant Capital LLC increased its position in shares of Essex Property Trust by 22.4% during the second quarter. Savant Capital LLC now owns 1,272 shares of the real estate investment trust’s stock worth $360,000 after acquiring an additional 233 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Essex Property Trust in the 2nd quarter worth about $228,000. Finally, Campbell & CO Investment Adviser LLC lifted its position in Essex Property Trust by 42.5% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 3,211 shares of the real estate investment trust’s stock valued at $910,000 after acquiring an additional 958 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analysts Set New Price Targets

ESS has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Essex Property Trust in a research note on Thursday, January 22nd. BMO Capital Markets downgraded Essex Property Trust from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $305.00 to $280.00 in a research note on Friday, January 9th. Scotiabank dropped their target price on Essex Property Trust from $284.00 to $278.00 and set a “sector outperform” rating on the stock in a report on Wednesday, March 4th. Raymond James Financial reaffirmed a “market perform” rating on shares of Essex Property Trust in a research report on Friday, February 27th. Finally, Stifel Nicolaus set a $278.00 price target on Essex Property Trust in a report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Essex Property Trust currently has an average rating of “Hold” and an average target price of $282.00.

Essex Property Trust Trading Down 0.7%

Shares of ESS stock opened at $249.61 on Friday. The company has a 50 day moving average of $254.18 and a 200-day moving average of $258.65. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.19. Essex Property Trust, Inc. has a 12-month low of $243.25 and a 12-month high of $310.10. The firm has a market cap of $16.09 billion, a P/E ratio of 23.98, a PEG ratio of 7.89 and a beta of 0.73.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $3.98 EPS for the quarter, missing the consensus estimate of $4.00 by ($0.02). Essex Property Trust had a net margin of 35.48% and a return on equity of 11.61%. The firm had revenue of $479.63 million during the quarter, compared to analysts’ expectations of $474.66 million. During the same quarter in the previous year, the company posted $3.92 EPS. 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. Sell-side analysts anticipate that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Essex Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $2.59 dividend. The ex-dividend date is Tuesday, March 31st. This is a boost from Essex Property Trust’s previous quarterly dividend of $2.57. This represents a $10.36 annualized dividend and a dividend yield of 4.2%. Essex Property Trust’s dividend payout ratio is presently 98.75%.

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.