Mirae Asset Global Investments Co. Ltd. Purchases 2,076 Shares of Essex Property Trust, Inc. $ESS

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Essex Property Trust, Inc. (NYSE:ESS – Free Report) by 13.2% in the fourth quarter, HoldingsChannel reports. The firm owned 17,772 shares of the real estate investment trust’s stock after buying an additional 2,076 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Essex Property Trust were worth $4,651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in ESS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Essex Property Trust by 973.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 743,954 shares of the real estate investment trust’s stock valued at $199,127,000 after purchasing an additional 674,617 shares during the period. Centersquare Investment Management LLC grew its stake in shares of Essex Property Trust by 473.5% during the 3rd quarter. Centersquare Investment Management LLC now owns 516,756 shares of the real estate investment trust’s stock valued at $138,315,000 after purchasing an additional 426,650 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Essex Property Trust by 9.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,157,617 shares of the real estate investment trust’s stock valued at $309,848,000 after purchasing an additional 100,730 shares during the period. Citigroup Inc. grew its stake in shares of Essex Property Trust by 98.8% during the 3rd quarter. Citigroup Inc. now owns 175,688 shares of the real estate investment trust’s stock valued at $47,025,000 after purchasing an additional 87,306 shares during the period. Finally, Andra AP fonden grew its stake in shares of Essex Property Trust by 223.3% during the 3rd quarter. Andra AP fonden now owns 88,900 shares of the real estate investment trust’s stock valued at $23,795,000 after purchasing an additional 61,404 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Essex Property Trust Stock Down 2.0%

ESS stock opened at $253.39 on Wednesday. Essex Property Trust, Inc. has a twelve month low of $238.46 and a twelve month high of $294.09. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.19. The stock has a market cap of $16.34 billion, a P/E ratio of 24.34, a PEG ratio of 8.11 and a beta of 0.71. The business’s 50-day moving average price is $251.01 and its 200-day moving average price is $254.96.

Essex Property Trust (NYSE:ESS – Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $3.98 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $479.63 million for the quarter, compared to analysts’ expectations of $474.66 million. During the same period in the previous year, the firm earned $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. On average, equities research analysts forecast that Essex Property Trust, Inc. will post 16.03 EPS for the current year.

Essex Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $2.59 per share. This represents a $10.36 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, March 31st. This is an increase from Essex Property Trust’s previous quarterly dividend of $2.57. Essex Property Trust’s payout ratio is presently 99.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Raymond James Financial restated a “market perform” rating on shares of Essex Property Trust in a research note on Friday, February 27th. Cantor Fitzgerald restated an “overweight” rating and set a $290.00 price target on shares of Essex Property Trust in a research note on Monday, February 9th. Robert W. Baird boosted their price target on Essex Property Trust from $279.00 to $281.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Stifel Nicolaus set a $278.00 price target on Essex Property Trust in a research note on Thursday, February 5th. Finally, UBS Group boosted their price target on Essex Property Trust from $267.00 to $274.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Four research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $282.00.

Get Our Latest Analysis on ESS

Essex Property Trust Company Profile

(Free Report)

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.

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