Pacific Heights Asset Management LLC Acquires 15,000 Shares of Essex Property Trust, Inc. $ESS

Pacific Heights Asset Management LLC raised its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 17.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,000 shares of the real estate investment trust’s stock after acquiring an additional 15,000 shares during the quarter. Pacific Heights Asset Management LLC owned about 0.16% of Essex Property Trust worth $26,168,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR bought a new stake in Essex Property Trust in the fourth quarter worth $29,000. Hantz Financial Services Inc. raised its holdings in Essex Property Trust by 57.5% during the third quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 42 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Essex Property Trust by 120.0% in the fourth quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 96 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Essex Property Trust during the 3rd quarter worth about $51,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Essex Property Trust during the 2nd quarter valued at about $54,000. 96.51% of the stock is owned by institutional investors.

Essex Property Trust Stock Performance

ESS opened at $266.89 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.22. The stock’s 50 day moving average price is $253.64 and its two-hundred day moving average price is $255.35. The firm has a market capitalization of $17.15 billion, a P/E ratio of 29.99, a price-to-earnings-growth ratio of 11.56 and a beta of 0.71. Essex Property Trust, Inc. has a 12-month low of $238.46 and a 12-month high of $294.09.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). The business had revenue of $484.76 million for the quarter, compared to analyst estimates of $479.89 million. Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.During the same quarter last year, the firm earned $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, equities analysts forecast that Essex Property Trust, Inc. will post 16.04 earnings per share for the current year.

Essex Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $2.59 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $10.36 dividend on an annualized basis and a yield of 3.9%. Essex Property Trust’s dividend payout ratio is 116.40%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ESS. Scotiabank raised their price objective on Essex Property Trust from $278.00 to $282.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley set a $293.00 price target on Essex Property Trust in a report on Friday. Stifel Nicolaus lifted their price target on shares of Essex Property Trust from $278.00 to $281.50 and gave the company a “hold” rating in a research report on Wednesday, April 29th. UBS Group boosted their price objective on shares of Essex Property Trust from $274.00 to $278.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Robert W. Baird upped their price objective on shares of Essex Property Trust from $279.00 to $281.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $284.28.

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.