Rep. Rick Larsen Sells Shares of Essex Property Trust, Inc. (NYSE:ESS)

Representative Rick Larsen (D-Washington) recently sold shares of Essex Property Trust, Inc. (NYSE:ESS). In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Essex Property Trust stock on January 7th. The trade occurred in the Representative’s “RICHARD R LARSEN IRA” account.

Representative Rick Larsen also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Verisk Analytics (NASDAQ:VRSK) on 1/7/2026.
• Purchased $1,001 – $15,000 in shares of Darden Restaurants (NYSE:DRI) on 1/7/2026.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 1/7/2026.
• Sold $1,001 – $15,000 in shares of Mondelez International (NASDAQ:MDLZ) on 1/7/2026.
• Purchased $1,001 – $15,000 in shares of Waste Management (NYSE:WM) on 1/7/2026.

Essex Property Trust Trading Up 1.8%

Shares of ESS opened at $258.07 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.18 and a quick ratio of 1.18. The stock’s 50-day moving average is $257.65 and its two-hundred day moving average is $263.91. The stock has a market cap of $16.62 billion, a PE ratio of 19.61, a P/E/G ratio of 6.04 and a beta of 0.73. Essex Property Trust, Inc. has a 12 month low of $243.25 and a 12 month high of $316.29.

Essex Property Trust (NYSE:ESS) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 EPS for the quarter, beating the consensus estimate of $3.96 by $0.01. The company had revenue of $473.30 million during the quarter, compared to analysts’ expectations of $472.11 million. Essex Property Trust had a return on equity of 14.68% and a net margin of 45.46%.During the same period in the prior year, the business posted $3.91 EPS. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS and its FY 2025 guidance at 15.890-15.990 EPS. Equities analysts forecast that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal year.

Essex Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were given a $2.57 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $10.28 annualized dividend and a dividend yield of 4.0%. Essex Property Trust’s dividend payout ratio is presently 78.12%.

Institutional Trading of Essex Property Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Essex Property Trust by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 10,493,313 shares of the real estate investment trust’s stock valued at $2,973,805,000 after acquiring an additional 53,039 shares during the last quarter. State Street Corp boosted its position in shares of Essex Property Trust by 2.5% in the 2nd quarter. State Street Corp now owns 5,388,169 shares of the real estate investment trust’s stock valued at $1,540,570,000 after purchasing an additional 129,806 shares during the period. Valeo Financial Advisors LLC lifted its stake in Essex Property Trust by 151,452.8% during the second quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust’s stock valued at $843,969,000 after buying an additional 2,976,047 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Essex Property Trust by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,825,007 shares of the real estate investment trust’s stock valued at $515,226,000 after acquiring an additional 23,565 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Essex Property Trust by 9.5% in the third quarter. Daiwa Securities Group Inc. now owns 1,157,617 shares of the real estate investment trust’s stock worth $309,848,000 after buying an additional 100,730 shares during the period. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ESS shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $290.00 target price on shares of Essex Property Trust in a research report on Monday, January 5th. Mizuho raised their price objective on Essex Property Trust from $275.00 to $284.00 and gave the stock an “outperform” rating in a research note on Monday, November 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Essex Property Trust in a research note on Wednesday, October 8th. Scotiabank reduced their price target on shares of Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, November 4th. Finally, BNP Paribas lowered shares of Essex Property Trust from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. Seven research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Essex Property Trust has a consensus rating of “Hold” and a consensus target price of $287.22.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington’s 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2027.

Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington’s 2nd Congressional District. He declared candidacy for the 2026 election.

Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure.

Larsen’s first position as an elected official was in 1998 as a member of the Snohomish County Council.

Larsen earned his bachelor’s degree from Pacific Lutheran University. After earning his master’s degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

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.