Rhumbline Advisers Has $35.72 Million Holdings in Essex Property Trust, Inc. $ESS

Rhumbline Advisers lowered its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 3.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 133,448 shares of the real estate investment trust’s stock after selling 5,126 shares during the period. Rhumbline Advisers owned approximately 0.21% of Essex Property Trust worth $35,719,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Legacy Wealth Asset Management LLC boosted its position in shares of Essex Property Trust by 3.8% during 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 buying an additional 39 shares during the last quarter. Huntington National Bank boosted its holdings in Essex Property Trust by 16.1% during the 2nd quarter. Huntington National Bank now owns 288 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 40 shares during the last quarter. Turning Point Benefit Group Inc. grew 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 worth $527,000 after acquiring an additional 42 shares in the last quarter. Hantz Financial Services Inc. grew 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 worth $31,000 after acquiring an additional 42 shares in the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of Essex Property Trust by 6.3% in the third quarter. Profund Advisors LLC now owns 900 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 53 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Essex Property Trust Trading Down 0.0%

NYSE:ESS opened at $251.34 on Friday. Essex Property Trust, Inc. has a 12 month low of $243.25 and a 12 month high of $316.29. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.19. The firm’s 50 day moving average is $255.79 and its 200 day moving average is $259.19. The stock has a market capitalization of $16.19 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 7.89 and a beta of 0.74.

Essex Property Trust (NYSE:ESS) last released its earnings results on Wednesday, February 4th. The real estate investment trust reported $3.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.02). The firm had revenue of $479.63 million during 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 business 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. Sell-side analysts expect that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Essex Property Trust Announces Dividend

The firm also recently disclosed 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 of this dividend 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%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Evercore cut their price target on shares of Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating on the stock in a report on Monday, November 3rd. Scotiabank cut their target price on Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, November 4th. Barclays reaffirmed a “positive” rating and issued a $292.00 target price on shares of Essex Property Trust in a report on Tuesday, January 13th. Stifel Nicolaus set a $278.00 price target on Essex Property Trust in a research report on Thursday, February 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $290.00 price objective on shares of Essex Property Trust in a research report on Monday, February 9th. Six equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.