Essex Property Trust (NYSE:ESS) Director Mary Kasaris Sells 600 Shares

30 May 2026, 08:01 by Amy Steele · The Cerbat Gem

Essex Property Trust, Inc. (NYSE:ESS – Get Free Report) Director Mary Kasaris sold 600 shares of the business’s stock in a transaction 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 transaction, the director directly owned 2,394 shares in the company, valued at $669,003.30. This trade represents a 20.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Essex Property Trust Trading Down 1.3%

Shares of ESS stock opened at $272.90 on Friday. Essex Property Trust, Inc. has a 1 year low of $238.46 and a 1 year high of $294.09. The firm’s fifty day simple moving average is $258.26 and its 200 day simple moving average is $256.77. The firm has a market capitalization of $17.54 billion, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 11.95 and a beta of 0.71. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.22.

Essex Property Trust (NYSE:ESS – Get Free Report) last announced 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 company had revenue of $484.76 million for the quarter, compared to the consensus estimate of $479.89 million. During the same period last year, the firm posted $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, sell-side analysts predict that Essex Property Trust, Inc. will post 16.06 EPS for the current year.

Essex Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 yield of 3.8%. Essex Property Trust’s payout ratio is 116.40%.

Institutional Investors Weigh In On Essex Property Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Nemes Rush Group LLC bought a new stake in Essex Property Trust in the 4th quarter valued at $27,000. Generali Asset Management SPA SGR acquired a new stake in shares of Essex Property Trust in the 4th quarter valued at $29,000. Hantz Financial Services Inc. boosted its stake in shares of Essex Property Trust by 57.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 42 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Essex Property Trust in the 1st quarter valued at $38,000. Finally, True Wealth Design LLC boosted its stake in shares of Essex Property Trust by 120.0% in the 4th quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ESS shares. Raymond James Financial reissued a “market perform” rating on shares of Essex Property Trust in a report on Friday, February 27th. Truist Financial boosted their price target on shares of Essex Property Trust from $273.00 to $286.00 and gave the company a “hold” rating in a report on Wednesday. UBS Group boosted their price target on shares of Essex Property Trust from $274.00 to $278.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Cantor Fitzgerald boosted their price target on shares of Essex Property Trust from $290.00 to $291.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Stifel Nicolaus boosted 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. Five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Essex Property Trust currently has an average rating of “Hold” and a consensus price target of $284.50.

View Our Latest Report on Essex Property Trust

Essex Property Trust Company Profile

(Get 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.