Robeco Institutional Asset Management B.V. Sells 7,243 Shares of Essex Property Trust, Inc. $ESS

Robeco Institutional Asset Management B.V. decreased its stake in Essex Property Trust, Inc. (NYSE:ESS) by 12.5% in the third quarter, Holdings Channel reports. The institutional investor owned 50,564 shares of the real estate investment trust’s stock after selling 7,243 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Essex Property Trust were worth $13,621,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Essex Property Trust during the 2nd quarter valued at $2,166,555,000. Legal & General Group Plc acquired a new position in shares of Essex Property Trust in the second quarter worth $260,252,000. Dimensional Fund Advisors LP raised its holdings in shares of Essex Property Trust by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 995,810 shares of the real estate investment trust’s stock worth $240,989,000 after acquiring an additional 57,173 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Essex Property Trust by 23,177.2% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 757,439 shares of the real estate investment trust’s stock worth $220,862,000 after acquiring an additional 754,185 shares in the last quarter. Finally, Rush Island Management LP boosted its position in Essex Property Trust by 26.8% during the first quarter. Rush Island Management LP now owns 807,893 shares of the real estate investment trust’s stock valued at $195,510,000 after purchasing an additional 170,682 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Essex Property Trust Stock Down 1.3%

Essex Property Trust stock opened at $278.71 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.22. Essex Property Trust, Inc. has a 1-year low of $238.46 and a 1-year high of $303.35. The firm’s fifty day simple moving average is $276.10 and its 200-day simple moving average is $277.05. The company has a market capitalization of $17.91 billion, a P/E ratio of 17.55, a P/E/G ratio of 8.39 and a beta of 0.70.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $2.62. The firm had revenue of $489.05 million during the quarter, compared to analysts’ expectations of $485.12 million. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. During the same period in the prior year, the company posted $4.03 earnings per share. Essex Property Trust has set its Q3 2026 guidance at 3.930-4.050 EPS and its FY 2026 guidance at 16.030-16.250 EPS. Sell-side analysts forecast that Essex Property Trust, Inc. will post 16.11 earnings per share for the current fiscal year.

Essex Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a $2.59 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $10.36 dividend on an annualized basis and a dividend yield of 3.7%. Essex Property Trust’s payout ratio is currently 161.12%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ESS. Mizuho restated a “neutral” rating and issued a $295.00 target price (down from $308.00) on shares of Essex Property Trust in a research note on Tuesday, September 8th. JPMorgan Chase & Co. raised their price target on Essex Property Trust from $275.00 to $295.00 and gave the stock an “underweight” rating in a research note on Friday, August 14th. Weiss Ratings lowered Essex Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 10th. Wells Fargo & Company lowered their price target on Essex Property Trust from $297.00 to $279.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Finally, Piper Sandler lowered their price target on Essex Property Trust from $352.00 to $326.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $298.99.

About Essex Property Trust

Essex Property Trust, Inc is a self-administered and self-managed real estate investment trust that owns, develops, redevelops, and manages multifamily apartment communities. The company focuses on providing rental housing in high-demand markets and generates revenue primarily from apartment rents and related resident services.

Founded in 1971 and headquartered in San Mateo, California, Essex operates primarily in Southern California, the San Francisco Bay Area, and the Seattle metropolitan area.