Essex Property Trust, Inc. $ESS Stake Lessened by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC lowered its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,444 shares of the real estate investment trust’s stock after selling 2,010 shares during the period. New Age Alpha Advisors LLC’s holdings in Essex Property Trust were worth $2,995,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. boosted its holdings in Essex Property Trust by 57.5% in the third quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 42 shares in the last quarter. Norinchukin Bank The boosted its holdings in Essex Property Trust by 0.6% in the third quarter. Norinchukin Bank The now owns 6,957 shares of the real estate investment trust’s stock worth $1,862,000 after purchasing an additional 44 shares in the last quarter. Segment Wealth Management LLC boosted its holdings in Essex Property Trust by 5.1% in the fourth quarter. Segment Wealth Management LLC now owns 913 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 44 shares in the last quarter. Signaturefd LLC boosted its holdings in Essex Property Trust by 11.3% in the fourth quarter. Signaturefd LLC now owns 445 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 45 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Essex Property Trust by 0.4% in the third quarter. HighTower Advisors LLC now owns 12,919 shares of the real estate investment trust’s stock worth $3,458,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ESS shares. Robert W. Baird boosted their target price on shares of Essex Property Trust from $279.00 to $281.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. UBS Group boosted their target price on shares of Essex Property Trust from $274.00 to $278.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Wells Fargo & Company cut their target price on shares of Essex Property Trust from $268.00 to $262.00 and set an “equal weight” rating for the company in a research report on Thursday, April 23rd. Morgan Stanley set a $293.00 target price on shares of Essex Property Trust in a research report on Friday, May 15th. Finally, Wall Street Zen raised shares of Essex Property Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $283.74.

Essex Property Trust Stock Up 0.4%

Essex Property Trust stock opened at $277.89 on Wednesday. The firm has a market cap of $17.86 billion, a price-to-earnings ratio of 31.22, a P/E/G ratio of 11.97 and a beta of 0.71. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.98 and a quick ratio of 0.98. Essex Property Trust, Inc. has a fifty-two week low of $238.46 and a fifty-two week high of $294.09. The firm has a fifty day moving average price of $256.68 and a two-hundred day moving average price of $256.40.

Essex Property Trust (NYSE:ESS) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). The firm had revenue of $484.76 million for the quarter, compared to analyst estimates of $479.89 million. Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.During the same period in the prior year, the firm earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, analysts forecast that Essex Property Trust, Inc. will post 16.06 earnings per share for the current year.

Essex Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $2.59 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $10.36 dividend on an annualized basis and a dividend yield of 3.7%. Essex Property Trust’s dividend payout ratio is currently 116.40%.

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.