Yousif Capital Management LLC Has $9.45 Million Stock Position in Essex Property Trust, Inc. $ESS

Yousif Capital Management LLC lessened its position in Essex Property Trust, Inc. (NYSE:ESS) by 3.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 33,355 shares of the real estate investment trust’s stock after selling 1,305 shares during the period. Yousif Capital Management LLC owned approximately 0.05% of Essex Property Trust worth $9,453,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. grew its stake in Essex Property Trust by 300.0% in the second quarter. Richardson Financial Services Inc. now owns 100 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 75 shares during the period. WPG Advisers LLC acquired a new stake in Essex Property Trust in the first quarter valued at approximately $31,000. Ransom Advisory Ltd acquired a new stake in Essex Property Trust in the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT acquired a new stake in Essex Property Trust in the first quarter valued at approximately $34,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in Essex Property Trust in the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ESS. Barclays reduced their price objective on Essex Property Trust from $298.00 to $297.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 30th. Stifel Nicolaus raised their target price on Essex Property Trust from $301.50 to $305.50 and gave the company a “hold” rating in a report on Wednesday, July 30th. Cantor Fitzgerald initiated coverage on Essex Property Trust in a report on Wednesday, October 1st. They issued an “overweight” rating and a $300.00 target price on the stock. Raymond James Financial upgraded Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $315.00 target price on the stock in a report on Tuesday, June 24th. Finally, Piper Sandler lowered Essex Property Trust from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $355.00 to $275.00 in a report on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $297.09.

Essex Property Trust Stock Performance

Shares of Essex Property Trust stock opened at $257.76 on Tuesday. The business’s fifty day simple moving average is $263.27 and its 200 day simple moving average is $274.80. The firm has a market capitalization of $16.60 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 6.21 and a beta of 0.81. Essex Property Trust, Inc. has a 12 month low of $243.85 and a 12 month high of $316.29. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.16.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.99 by $0.04. The business had revenue of $465.84 million for the quarter, compared to analyst estimates of $466.47 million. Essex Property Trust had a return on equity of 13.98% and a net margin of 43.51%.During the same period last year, the company posted $3.94 earnings per share. Essex Property Trust has set its Q3 2025 guidance at 3.890-3.990 EPS. FY 2025 guidance at 15.800-16.020 EPS. As a group, analysts anticipate that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

Essex Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $2.57 per share. This represents a $10.28 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, September 30th. Essex Property Trust’s dividend payout ratio (DPR) is 82.64%.

Essex Property Trust Profile

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.