Essex Property Trust Inc. (NYSE:ESS) has seen significant buying and selling of shares in recent times by various institutions. The firm's stock has been increasing in value with a strong revenue growth evident from their earnings reports. Essex's significant strategic moves include a $712M real estate investment in Northern California and a $400M senior notes offering. The firm has also made considerable strides in portfolio reallocation activities and anticipates steady demand for their West Coast apartment portfolio due to limited housing supply. Franklin Resources Inc., Legal & General Group Plc and Groupama Asset Management are among the institutions that have increased their stake in Essex, indicating trust and confidence in the firm's growth trajectory. Essex's Dividend Aristocrat status further highlights its strong performance, having tripled earnings and maintaining a $2.57 dividend despite a minor dip in the last quarter. The firm's consistently strong performance indicates further upside potential.
Essex Property Trust ESS News Analytics from Mon, 19 Aug 2024 07:00:00 GMT to Sat, 12 Apr 2025 19:17:06 GMT -
Rating 8
- Innovation 5
- Rumor 2
