RB Capital Management LLC Makes New $634,000 Investment in Essex Property Trust, Inc. $ESS

RB Capital Management LLC bought a new stake in Essex Property Trust, Inc. (NYSE:ESS) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,174 shares of the real estate investment trust’s stock, valued at approximately $634,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ESS. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Essex Property Trust by 5.2% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 814 shares of the real estate investment trust’s stock worth $213,000 after acquiring an additional 40 shares in the last quarter. Norinchukin Bank The grew its holdings in shares of Essex Property Trust by 0.6% in the 3rd quarter. Norinchukin Bank The now owns 6,957 shares of the real estate investment trust’s stock worth $1,862,000 after acquiring an additional 44 shares during the period. Kestra Private Wealth Services LLC increased its stake in Essex Property Trust by 1.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 3,047 shares of the real estate investment trust’s stock valued at $737,000 after purchasing an additional 50 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Essex Property Trust by 31.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 265 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 63 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in Essex Property Trust by 3.7% during the fourth quarter. Valeo Financial Advisors LLC now owns 2,034 shares of the real estate investment trust’s stock worth $532,000 after purchasing an additional 72 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on ESS. Royal Bank Of Canada boosted their target price on Essex Property Trust from $306.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Scotiabank raised their price target on Essex Property Trust from $290.00 to $307.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Weiss Ratings raised Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Morgan Stanley lifted their price target on Essex Property Trust from $293.00 to $302.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Finally, Truist Financial boosted their price objective on shares of Essex Property Trust from $273.00 to $286.00 and gave the stock a “hold” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $304.79.

Essex Property Trust Trading Up 1.3%

Shares of ESS opened at $284.49 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.60. Essex Property Trust, Inc. has a 1-year low of $238.46 and a 1-year high of $303.35. The stock has a market cap of $18.28 billion, a price-to-earnings ratio of 44.24, a price-to-earnings-growth ratio of 10.27 and a beta of 0.69. The firm has a 50 day simple moving average of $289.82 and a 200-day simple moving average of $270.92.

Essex Property Trust (NYSE:ESS) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $2.62. The firm had revenue of $489.05 million for the quarter, compared to analyst estimates of $485.12 million. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.During the same quarter in the prior year, the company earned $4.03 EPS. Essex Property Trust has set its Q3 2026 guidance at 3.930-4.050 EPS and its FY 2026 guidance at 16.030-16.250 EPS. Equities analysts forecast that Essex Property Trust, Inc. will post 16.18 EPS for the current fiscal year.

Essex Property Trust Company Profile

Essex Property Trust, Inc (NYSE: ESS) is a publicly traded real estate investment trust that acquires, develops, owns and operates multifamily residential properties. The company focuses on market-rate apartment communities and delivers a full suite of property services including leasing, resident services, asset management, and capital improvement programs designed to preserve and enhance long‑term property values.

Essex concentrates its portfolio in West Coast markets, with a significant presence in California and the Pacific Northwest.