Groupe la Francaise Has $4.73 Million Holdings in Essex Property Trust, Inc. $ESS

by · The Markets Daily

Groupe la Francaise increased its holdings in Essex Property Trust, Inc. (NYSE:ESS – Free Report) by 598.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,207 shares of the real estate investment trust’s stock after purchasing an additional 13,887 shares during the period. Groupe la Francaise’s holdings in Essex Property Trust were worth $4,726,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ESS. Nemes Rush Group LLC acquired 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 position in shares of Essex Property Trust during the 4th quarter valued at about $29,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Essex Property Trust in the 1st quarter valued at approximately $38,000. Western Wealth Management LLC bought a new position in shares of Essex Property Trust in the 1st quarter valued at approximately $44,000. Finally, Elevation Wealth Partners LLC lifted its holdings in Essex Property Trust by 523.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 162 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 136 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Raymond James Financial raised Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 target price for the company in a research report on Friday, June 26th. Citizens Jmp raised shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $330.00 price target on the stock in a research report on Friday, July 31st. Truist Financial boosted their price objective on shares of Essex Property Trust from $273.00 to $286.00 and gave the stock a “hold” rating in a research note on Wednesday, May 27th. Sanford C. Bernstein initiated coverage on shares of Essex Property Trust in a report on Friday, June 26th. They set an “outperform” rating and a $320.00 price objective for the company. Finally, Royal Bank Of Canada raised their target price on shares of Essex Property Trust from $306.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Essex Property Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.79.

Check Out Our Latest Report on Essex Property Trust

Essex Property Trust Trading Down 0.0%

Shares of ESS stock opened at $278.53 on Tuesday. 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 $289.04 and its 200 day simple moving average is $272.03. The firm has a market capitalization of $17.90 billion, a P/E ratio of 43.32, a price-to-earnings-growth ratio of 10.19 and a beta of 0.69. 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 (NYSE:ESS – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $2.62. The firm had revenue of $489.05 million during the quarter, compared to the consensus estimate 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 firm earned $4.03 EPS. 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. As a group, sell-side analysts predict that Essex Property Trust, Inc. will post 16.18 EPS for the current year.

Essex Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $2.59 dividend. This represents a $10.36 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, September 30th. Essex Property Trust’s dividend payout ratio is presently 161.12%.

About Essex Property Trust

(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.

Read More

Want to see what other hedge funds are holding ESS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Essex Property Trust, Inc. (NYSE:ESS – Free Report).