20,217 Shares in Essex Property Trust, Inc. $ESS Bought by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC purchased a new stake in Essex Property Trust, Inc. (NYSE:ESS) in the 1st quarter, HoldingsChannel reports. The fund purchased 20,217 shares of the real estate investment trust’s stock, valued at approximately $4,893,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Nemes Rush Group LLC purchased a new stake in shares of Essex Property Trust in the fourth quarter worth about $27,000. Generali Asset Management SPA SGR acquired a new stake in shares of Essex Property Trust in the fourth quarter valued at about $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Essex Property Trust during the 1st quarter valued at about $38,000. Hantz Financial Services Inc. raised its holdings in shares of Essex Property Trust by 67.8% during the 4th quarter. Hantz Financial Services Inc. now owns 193 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 78 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Essex Property Trust during the 3rd quarter worth approximately $51,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Essex Property Trust Price Performance

Shares of NYSE:ESS opened at $293.61 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.22. Essex Property Trust, Inc. has a fifty-two week low of $238.46 and a fifty-two week high of $303.35. The firm has a 50-day simple moving average of $284.88 and a 200 day simple moving average of $264.75. The company has a market cap of $18.87 billion, a PE ratio of 32.99, a P/E/G ratio of 12.63 and a beta of 0.70.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.The business had revenue of $484.76 million during the quarter, compared to the consensus estimate of $479.89 million. During the same period in the prior year, the business earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, sell-side analysts anticipate that Essex Property Trust, Inc. will post 16.11 EPS for the current year.

Essex Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $2.59 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $10.36 annualized dividend and a dividend yield of 3.5%. Essex Property Trust’s dividend payout ratio (DPR) is 116.40%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ESS shares. UBS Group set a $290.00 price target on Essex Property Trust in a report on Thursday, June 18th. Morgan Stanley lifted their price objective on shares of Essex Property Trust from $293.00 to $302.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Royal Bank Of Canada boosted their target price on shares of Essex Property Trust from $282.00 to $288.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Essex Property Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Finally, Stifel Nicolaus raised their price target on shares of Essex Property Trust from $278.00 to $281.50 and gave the company a “hold” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $299.08.

Insider Activity

In related news, Director Mary Kasaris sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total transaction of $167,670.00. Following the completion of the transaction, the director owned 2,394 shares in the company, valued at $669,003.30. The trade was a 20.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.47% of the company’s stock.

About Essex Property Trust

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.