SEC Form SC 13G/A filed by Essex Property Trust Inc. (Amendment)

$ESS
Real Estate Investment Trusts
Real Estate
Get the next $ESS alert in real time by email
SC 13G/A 1 tv0876-essexpropertytrustinc.htm SCHEDULE 13G/A essexpropertytrustinc

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Schedule 13G

Under the Securities Exchange Act of 1934
(Amendment No.: 21)*

Name of issuer:  Essex Property Trust Inc

Title of Class of Securities:  Common Stock

CUSIP Number:  297178105

Date of Event Which Requires Filing of this Statement: December 29, 2023

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☒ Rule 13d-1(b)

☐ Rule 13d-1(c)

☐ Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(Continued on the following page(s))

 

 

13G

CUSIP No.:  297178105

1.  NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

The Vanguard Group - 23-1945930

2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP

A. 

B.  X

3.  SEC USE ONLY

4.  CITIZENSHIP OF PLACE OF ORGANIZATION

Pennsylvania

(For questions 5-8, report the number of shares beneficially owned by each reporting person with:)

5.  SOLE VOTING POWER

0

6.  SHARED VOTING POWER

134,090

7.  SOLE DISPOSITIVE POWER

9,891,593

8.  SHARED DISPOSITIVE POWER

324,900

9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

10,216,493

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

N/A

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

15.92%

12.  TYPE OF REPORTING PERSON

IA

 

 

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Schedule 13G
Under the Securities Act of 1934

Item 1(a) - Name of Issuer:

Essex Property Trust Inc

Item 1(b) - Address of Issuer's Principal Executive Offices:

1100 Park Place, Suite 200
San Mateo, CA 94403

Item 2(a) - Name of Person Filing:

The Vanguard Group - 23-1945930

Item 2(b) – Address of Principal Business Office or, if none, residence:

100 Vanguard Blvd.
Malvern, PA 19355

Item 2(c) – Citizenship:

Pennsylvania

Item 2(d) - Title of Class of Securities:

Common Stock

Item 2(e) - CUSIP Number

297178105

Item 3 - Type of Filing:

This statement is being filed pursuant to Rule 13d-1.  An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

Item 4 - Ownership:

  (a) Amount Beneficially Owned:

  (b) Percent of Class:

 

 

(c)  Number of shares as to which such person has:

(i)  sole power to vote or direct to vote:  

(ii)  shared power to vote or direct to vote:  

(iii)  sole power to dispose of or to direct the disposition of:  

(iv)  shared power to dispose or to direct the disposition of:  

Comments:

The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.  

Item 5 - Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person:

The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.

No one other person's interest in the securities reported herein is more than 5%.

Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company:

Not applicable

Item 8 - Identification and Classification of Members of Group:

Not applicable

Item 9 - Notice of Dissolution of Group:

Not applicable

Item 10 - Certification:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  February 13, 2024

By /s/ Ashley Grim
Name: Ashley Grim
Title:  Head of Global Fund Administration

Get the next $ESS alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$ESS

DatePrice TargetRatingAnalyst
1/21/2025$308.00 → $310.00Hold → Buy
Deutsche Bank
1/13/2025$323.00 → $310.00Market Perform → Outperform
BMO Capital Markets
12/17/2024$316.00Equal Weight
Barclays
12/17/2024$297.00 → $303.00Neutral → Underweight
Analyst
10/21/2024Outperform → Mkt Perform
Raymond James
9/24/2024$307.00 → $321.00Buy → Neutral
BofA Securities
9/11/2024$333.00Outperform
Exane BNP Paribas
9/4/2024$318.00Neutral
Goldman
More analyst ratings

$ESS
Press Releases

Fastest customizable press release news feed in the world

See more
  • Essex Property Trust to Present at The 2025 Citigroup Global Property CEO Conference

    Essex Property Trust, Inc. (NYSE:ESS) announced today that Angela L. Kleiman, President and CEO, will be participating in a roundtable presentation at the 2025 Citigroup Global Property CEO Conference held in Hollywood, FL on Monday, March 3, 2025 at 4:20 p.m. Eastern Time. To listen to the panel, please visit the webcast link under the latest events section of the Company's Investors website at www.essex.com. An archive of the webcast will be available for thirty days following the event. A copy of any materials provided by the Company at the conference can be obtained through the Investors section of the Company's website. About Essex Property Trust, Inc. Essex Property Trust, Inc.,

    $ESS
    Real Estate Investment Trusts
    Real Estate
  • Essex Announces Its 31st Consecutive Annual Dividend Increase

    Establishes Record Date for the Annual Shareholders' Meeting Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has approved a 4.9% increase to its annual cash dividend. This represents the Company's 31st consecutive annual dividend increase. The Board of Directors has declared a first quarter dividend of $2.57 per share, payable on April 15, 2025 to shareholders of record as of March 31, 2025. On an annualized basis, the dividend represents a distribution of $10.28 per common share. The Annual Meeting of Shareholders will be held virtually on Tuesday, May 13, 2025 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern. Shareholders of record as of February 28, 202

    $ESS
    Real Estate Investment Trusts
    Real Estate
  • Essex Property Trust Prices $400 Million of Senior Notes

    Essex Property Trust, Inc. (NYSE:ESS) ("Essex") announced today that its operating partnership, Essex Portfolio, L.P. (the "Issuer"), priced an underwritten public offering of $400 million aggregate principal amount of 5.375% senior notes due 2035 (the "Notes"). The Notes were priced at 99.604% of par value with a yield to maturity of 5.425%. Interest is payable semiannually at an interest rate per annum of 5.375% on April 1 and October 1 of each year with the first interest payment due October 1, 2025. The Notes mature on April 1, 2035. The Notes will be the senior unsecured obligations of the Issuer and will be fully and unconditionally guaranteed by Essex. The Notes offering is expected

    $ESS
    Real Estate Investment Trusts
    Real Estate

$ESS
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$ESS
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$ESS
SEC Filings

See more

$ESS
Leadership Updates

Live Leadership Updates

See more
  • Public Storage Appoints New Independent Trustee

    Public Storage (NYSE:PSA) (the "Company") announced today the appointment of Maria R. Hawthorne to its Board of Trustees, effective immediately, with an initial term expiring at the 2025 annual meeting of shareholders. Ms. Hawthorne will serve as a member of the Audit Committee. Ms. Hawthorne brings over 35 years of real estate industry experience, including extensive executive management, operational, and leadership development experience. Ms. Hawthorne has been a member of the board of directors of Essex Property Trust, Inc. (NYSE:ESS), a REIT that acquires, develops, redevelops, and manages multifamily residential properties, since March 2020, and of ASGN Incorporated (NYSE:ASGN), a le

    $ASGN
    $ESS
    $PSA
    $PSB
    Professional Services
    Consumer Discretionary
    Real Estate Investment Trusts
    Real Estate
  • Essex Announces the Planned Retirement of Michael J. Schall as President & CEO and Appointment of Angela L. Kleiman as Successor

    Essex Property Trust, Inc. (NYSE:ESS) announced today the planned retirement of Michael J. Schall, the Company's President and CEO since 2011, effective March 31, 2023. Thereafter, Mr. Schall will continue to serve on the Company's Board of Directors and will remain on as a part-time employee. The Board of Directors has appointed Angela L. Kleiman, the Company's Senior Executive Vice President and Chief Operating Officer, to succeed Mr. Schall as President and CEO. "Throughout his long career at Essex, Mike's strategic vision and strong leadership has driven Essex's growth and success. He has developed a culture of achievement, assembled a strong executive team, and has been a prudent stew

    $ESS
    Real Estate Investment Trusts
    Real Estate
  • REXFORD INDUSTRIAL ANNOUNCES APPOINTMENT OF ANGELA KLEIMAN TO BOARD OF DIRECTORS

    LOS ANGELES, Dec. 27, 2021 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE:REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced that Angela Kleiman has been appointed as an independent director to the Company's Board of Directors effective December 31, 2021.  Ms. Kleiman is currently Senior Executive Vice President and Chief Operating Officer of Essex Property Trust (NYSE:ESS), a fully integrated real estate

    $ESS
    $REXR
    Real Estate Investment Trusts
    Real Estate

$ESS
Financials

Live finance-specific insights

See more
  • Essex Announces Its 31st Consecutive Annual Dividend Increase

    Establishes Record Date for the Annual Shareholders' Meeting Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has approved a 4.9% increase to its annual cash dividend. This represents the Company's 31st consecutive annual dividend increase. The Board of Directors has declared a first quarter dividend of $2.57 per share, payable on April 15, 2025 to shareholders of record as of March 31, 2025. On an annualized basis, the dividend represents a distribution of $10.28 per common share. The Annual Meeting of Shareholders will be held virtually on Tuesday, May 13, 2025 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern. Shareholders of record as of February 28, 202

    $ESS
    Real Estate Investment Trusts
    Real Estate
  • Essex Announces Fourth Quarter and Full-Year 2024 Results and Provides 2025 Guidance

    Essex Property Trust, Inc. (NYSE:ESS) (the "Company") announced today its fourth quarter and full-year 2024 earnings results and related business activities. Net Income, Funds from Operations ("FFO"), and Core FFO per diluted share for the three and twelve months ended December 31, 2024 are detailed below.   Three Months Ended December 31,   Twelve Months Ended December 31,     % %   2024 2023 Change 2024 2023 Change Per Diluted Share             Net Income $4.00 $1.02 292.2% $11.54 $6.32 82.6% Total FFO

    $ESS
    Real Estate Investment Trusts
    Real Estate
  • Essex Reports Characteristics of 2024 Dividends

    Essex Property Trust, Inc. (NYSE:ESS) announced today the income tax treatment for its 2024 distributions to shareholders. The 2024 distribution characteristics are as follows: Common Stock – CUSIP Number 297178105: Record Payment Cash Distribution Ordinary Taxable Qualified Return of Capital Gain Unrecaptured Section 1250 Capital Gain   Section 199A Section 897 Date Date Per Share Dividend Dividend Capital (20% rate) (25% rate) Dividend Gain 1/2/2024 1/12/2024 $2.31000 $2.26821 $0.00000 $0.00000 $0.04179 $0.00000

    $ESS
    Real Estate Investment Trusts
    Real Estate

$ESS
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more