M&T Bank Corp Has $1.90 Million Stake in Essex Property Trust, Inc. $ESS

M&T Bank Corp significantly increased its stake in Essex Property Trust (NYSE:ESS) by 596.3% in the fourth quarter, now holding 7,262 shares valued at approximately $1.9 million. This increase occurred despite Essex Property Trust reporting lower-than-expected Q1 earnings of $1.65 per share, missing the consensus of $3.96, though revenue slightly exceeded forecasts at $484.76 million. The company has raised its quarterly dividend to $2.59 per share, equating to an annualized yield of about 3.9%, while analysts maintain a “Hold” rating with an average target price of $282.97.

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