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

flag 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. flag 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%. flag Essex Property Trust focuses on multifamily residential properties in West Coast markets and has a market cap of $19.40 billion.

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