GSI Capital Advisors LLC Has $6.91 Million Holdings in Essex Property Trust, Inc. $ESS

GSI Capital Advisors LLC decreased its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 7.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 25,799 shares of the real estate investment trust’s stock after selling 2,128 shares during the period. Essex Property Trust accounts for about 3.9% of GSI Capital Advisors LLC’s portfolio, making the stock its 10th largest position. GSI Capital Advisors LLC’s holdings in Essex Property Trust were worth $6,905,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Hantz Financial Services Inc. increased its holdings 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 acquiring an additional 42 shares during the period. Tobam increased its stake in shares of Essex Property Trust by 167.3% in the second quarter. Tobam now owns 131 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 82 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Essex Property Trust during the second quarter worth $48,000. SJS Investment Consulting Inc. acquired a new position in Essex Property Trust during the third quarter valued at $48,000. Finally, MUFG Securities EMEA plc acquired a new stake in Essex Property Trust during the 2nd quarter worth about $54,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Essex Property Trust Price Performance

Essex Property Trust stock opened at $255.30 on Friday. 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 capitalization of $16.46 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 8.26 and a beta of 0.74. The company has a quick ratio of 1.18, a current ratio of 1.03 and a debt-to-equity ratio of 1.19. The company has a fifty day simple moving average of $255.60 and a 200-day simple moving average of $259.09.

Essex Property Trust (NYSE:ESS) last posted its earnings results on Wednesday, February 4th. The real estate investment trust reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.02). The firm had revenue of $479.63 million during the quarter, compared to analyst estimates of $474.66 million. Essex Property Trust had a net margin of 35.48% and a return on equity of 11.61%. During the same quarter in the previous year, the firm earned $3.92 earnings per share. 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, equities analysts anticipate that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $2.59 per share. This is a boost from Essex Property Trust’s previous quarterly dividend of $2.57. This represents a $10.36 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, March 31st. Essex Property Trust’s dividend payout ratio (DPR) is 98.75%.

Analyst Upgrades and Downgrades

ESS has been the subject of several analyst reports. Truist Financial decreased their price objective on Essex Property Trust from $283.00 to $273.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Scotiabank decreased their price target on Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating for the company in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Essex Property Trust in a research note on Thursday, January 22nd. Stifel Nicolaus set a $278.00 target price on shares of Essex Property Trust in a research note on Thursday, February 5th. Finally, Wells Fargo & Company dropped their price target on shares of Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $283.87.

Essex Property Trust 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.