Pensionfund Sabic Takes Position in Essex Property Trust, Inc. $ESS

Pensionfund Sabic bought a new position in shares of Essex Property Trust, Inc. (NYSE:ESS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,550 shares of the real estate investment trust’s stock, valued at approximately $1,191,000.

Other large investors also recently modified their holdings of the company. Woodline Partners LP acquired a new position in Essex Property Trust during the first quarter worth $1,664,000. Focus Partners Wealth acquired a new position in shares of Essex Property Trust during the first quarter valued at about $223,000. Boston Partners grew its holdings in shares of Essex Property Trust by 28.3% during the second quarter. Boston Partners now owns 860,854 shares of the real estate investment trust’s stock valued at $243,910,000 after buying an additional 189,663 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Essex Property Trust by 10.5% during the second quarter. Cetera Investment Advisers now owns 4,173 shares of the real estate investment trust’s stock worth $1,183,000 after acquiring an additional 398 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Essex Property Trust by 28.8% during the second quarter. Intech Investment Management LLC now owns 2,530 shares of the real estate investment trust’s stock worth $717,000 after acquiring an additional 565 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ESS. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Essex Property Trust in a research report on Thursday, January 22nd. BMO Capital Markets lowered Essex Property Trust from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $305.00 to $280.00 in a report on Friday, January 9th. Barclays lowered their price objective on Essex Property Trust from $292.00 to $271.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. Raymond James Financial restated a “market perform” rating on shares of Essex Property Trust in a report on Friday, February 27th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $282.00 target price (down from $304.00) on shares of Essex Property Trust in a research report on Monday, December 15th. Four 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, Essex Property Trust has a consensus rating of “Hold” and a consensus price target of $282.00.

Essex Property Trust Stock Up 0.2%

ESS stock opened at $243.15 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 7.62 and a beta of 0.73. Essex Property Trust, Inc. has a fifty-two week low of $239.96 and a fifty-two week high of $310.10. The stock has a fifty day moving average of $253.20 and a 200-day moving average of $257.53.

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

Essex Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $2.59 dividend. This represents a $10.36 annualized dividend and a dividend yield of 4.3%. This is an increase from Essex Property Trust’s previous quarterly dividend of $2.57. The ex-dividend date of this dividend is Tuesday, March 31st. Essex Property Trust’s 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.