Cibc World Market Inc. Raises Stock Position in Essex Property Trust, Inc. $ESS

Cibc World Market Inc. grew its position in Essex Property Trust, Inc. (NYSE:ESS) by 48.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,912 shares of the real estate investment trust’s stock after buying an additional 14,350 shares during the period. Cibc World Market Inc.’s holdings in Essex Property Trust were worth $11,753,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Legacy Wealth Asset Management LLC lifted its holdings in Essex Property Trust by 3.8% in the third quarter. Legacy Wealth Asset Management LLC now owns 1,054 shares of the real estate investment trust’s stock valued at $282,000 after acquiring an additional 39 shares during the last quarter. Huntington National Bank raised its position in Essex Property Trust by 16.1% in the second quarter. Huntington National Bank now owns 288 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 40 shares during the period. Turning Point Benefit Group Inc. lifted its stake in shares of Essex Property Trust by 2.3% in the 2nd quarter. Turning Point Benefit Group Inc. now owns 1,861 shares of the real estate investment trust’s stock valued at $527,000 after purchasing an additional 42 shares during the last quarter. Hantz Financial Services Inc. lifted 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 during the last quarter. Finally, Profund Advisors LLC grew its holdings in shares of Essex Property Trust by 6.3% during the 3rd quarter. Profund Advisors LLC now owns 900 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 53 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Essex Property Trust Price Performance

Essex Property Trust stock opened at $251.32 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.19. Essex Property Trust, Inc. has a 52-week low of $243.25 and a 52-week high of $316.29. The firm has a market cap of $16.19 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 8.22 and a beta of 0.74. The company’s 50 day moving average is $255.87 and its two-hundred day moving average is $259.63.

Essex Property Trust (NYSE:ESS) 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). The company had revenue of $479.63 million for the quarter, compared to analysts’ expectations of $474.66 million. Essex Property Trust had a return on equity of 11.61% and a net margin of 35.48%.During the same period in the prior year, the company posted $3.92 EPS. 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, research analysts expect that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were issued a dividend of $2.57 per share. The ex-dividend date was Friday, January 2nd. This represents a $10.28 annualized dividend and a yield of 4.1%. Essex Property Trust’s dividend payout ratio is 98.75%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ESS shares. Weiss Ratings restated a “hold (c+)” rating on shares of Essex Property Trust in a report on Thursday, January 22nd. BMO Capital Markets cut shares of Essex Property Trust from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $305.00 to $280.00 in a research report on Friday, January 9th. Wall Street Zen downgraded shares of Essex Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Mizuho increased their price objective on shares of Essex Property Trust from $275.00 to $284.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. Finally, Stifel Nicolaus set a $278.00 target price on shares of Essex Property Trust in a report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Essex Property Trust presently has a consensus rating of “Hold” and a consensus target price of $283.87.

Essex Property Trust Company Profile

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.