Mitsubishi UFJ Asset Management Co. Ltd. Has $53.21 Million Position in Essex Property Trust, Inc. $ESS

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,793 shares of the real estate investment trust’s stock after purchasing an additional 12,880 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.31% of Essex Property Trust worth $53,209,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Centersquare Investment Management LLC raised its holdings in shares of Essex Property Trust by 473.5% in the 3rd quarter. Centersquare Investment Management LLC now owns 516,756 shares of the real estate investment trust’s stock worth $138,315,000 after acquiring an additional 426,650 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Essex Property Trust by 1.4% in the third quarter. TD Asset Management Inc now owns 22,638 shares of the real estate investment trust’s stock worth $6,059,000 after purchasing an additional 305 shares during the last quarter. Mufg Securities Americas Inc. lifted its holdings in shares of Essex Property Trust by 21.7% in the third quarter. Mufg Securities Americas Inc. now owns 1,737 shares of the real estate investment trust’s stock valued at $465,000 after purchasing an additional 310 shares in the last quarter. Compound Planning Inc. purchased a new stake in Essex Property Trust in the 3rd quarter valued at $241,000. Finally, Aurora Investment Managers LLC. raised its position in Essex Property Trust by 2.1% in the 3rd quarter. Aurora Investment Managers LLC. now owns 13,586 shares of the real estate investment trust’s stock valued at $3,637,000 after buying an additional 274 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Essex Property Trust Trading Down 2.8%

Shares of ESS stock opened at $255.30 on Friday. 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 firm has a market cap of $16.46 billion, a P/E ratio of 24.52, a PEG ratio of 8.02 and a beta of 0.74. The company has a 50 day moving average of $255.60 and a 200-day moving average of $259.13. 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 announced its quarterly earnings data 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). Essex Property Trust had a net margin of 35.48% and a return on equity of 11.61%. The firm had revenue of $479.63 million for the quarter, compared to the consensus estimate of $474.66 million. During the same period last year, the company posted $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 anticipate that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Essex Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $2.59 dividend. This is an increase from Essex Property Trust’s previous quarterly dividend of $2.57. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $10.36 annualized dividend and a yield of 4.1%. Essex Property Trust’s payout ratio is 98.75%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ESS. Truist Financial cut their price objective on shares of Essex Property Trust from $283.00 to $273.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Stifel Nicolaus set a $278.00 price target on shares of Essex Property Trust in a report on Thursday, February 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $290.00 price objective on shares of Essex Property Trust in a research report on Monday, February 9th. BMO Capital Markets downgraded Essex Property Trust from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $305.00 to $280.00 in a research note on Friday, January 9th. Finally, UBS Group upped their target price on Essex Property Trust from $267.00 to $274.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock 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.