Resona Asset Management Co. Ltd. Purchases 2,348 Shares of Essex Property Trust, Inc. $ESS

Resona Asset Management Co. Ltd. grew its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 5.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,497 shares of the real estate investment trust’s stock after acquiring an additional 2,348 shares during the quarter. Resona Asset Management Co. Ltd. owned about 0.07% of Essex Property Trust worth $11,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Nemes Rush Group LLC acquired a new stake in Essex Property Trust in the 4th quarter valued at $27,000. Generali Asset Management SPA SGR acquired a new position in Essex Property Trust during the fourth quarter worth $29,000. True Wealth Design LLC raised its holdings in Essex Property Trust by 120.0% during 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. MUFG Securities EMEA plc bought a new position in shares of Essex Property Trust in the second quarter valued at $54,000. Finally, Advisory Services Network LLC bought a new position in shares of Essex Property Trust in the third quarter valued at $51,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Essex Property Trust Stock Up 0.8%

Essex Property Trust stock traded up $2.21 during midday trading on Friday, hitting $293.33. 464,205 shares of the stock were exchanged, compared to its average volume of 439,403. Essex Property Trust, Inc. has a 52-week low of $238.46 and a 52-week high of $303.35. 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 business’s 50-day moving average price is $279.91 and its 200-day moving average price is $262.61. The stock has a market capitalization of $18.85 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 12.55 and a beta of 0.70.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.65 EPS for the quarter, missing the consensus estimate of $3.96 by ($2.31). Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. The firm had revenue of $484.76 million during the quarter, compared to analysts’ expectations of $479.89 million. During the same quarter last year, the business posted $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, research analysts expect that Essex Property Trust, Inc. will post 16.11 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $2.59 per share. This represents a $10.36 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, June 30th. Essex Property Trust’s dividend payout ratio (DPR) is 116.40%.

Analyst Ratings Changes

Several research firms have recently commented on ESS. Truist Financial boosted their target price on shares of Essex Property Trust from $273.00 to $286.00 and gave the stock a “hold” rating in a research report on Wednesday, May 27th. Weiss Ratings raised shares of Essex Property Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Scotiabank lifted their price target on Essex Property Trust from $290.00 to $307.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on Essex Property Trust from $272.00 to $275.00 and gave the stock an “underweight” rating in a report on Monday, May 18th. Finally, Raymond James Financial raised Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 price objective for the company in a research note on Friday, June 26th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $293.03.

Insider Buying and Selling

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total value of $167,670.00. Following the transaction, the director owned 2,394 shares of the company’s stock, valued at approximately $669,003.30. The trade was a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.47% of the company’s stock.

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.