Essex Property Trust sees increased investment stakes and raises its dividend, following strong earnings.

Institutional investors, including Davis Selected Advisers, have increased their stakes in Essex Property Trust, Inc. (NYSE: ESS), with Davis Selected Advisers now owning 33,241 shares worth about $9.49 million. The company reported EPS of $3.92, beating estimates by $2.52, and recently increased its quarterly dividend to $2.57, up from $2.45, equating to a $10.28 annual dividend and a yield of 3.41%. Essex Property Trust focuses on multifamily residential properties in West Coast markets and has a market cap of $19.40 billion.

5 weeks ago
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