Wellington Management Group LLP Acquires 28,013 Shares of Essex Property Trust, Inc. $ESS

Wellington Management Group LLP lifted its holdings in Essex Property Trust, Inc. (NYSE:ESS) by 9.3% in the 2nd quarter, Holdings Channel reports. The firm owned 330,332 shares of the real estate investment trust’s stock after buying an additional 28,013 shares during the quarter. Wellington Management Group LLP’s holdings in Essex Property Trust were worth $96,322,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of Essex Property Trust in the second quarter worth about $11,451,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Essex Property Trust by 2.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 255,533 shares of the real estate investment trust’s stock valued at $66,868,000 after acquiring an additional 6,422 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Essex Property Trust during the 2nd quarter valued at about $2,889,000. Norges Bank bought a new position in shares of Essex Property Trust in the 4th quarter valued at approximately $230,690,000. Finally, Centersquare Investment Management LLC raised its stake in shares of Essex Property Trust by 6.0% in the 4th quarter. Centersquare Investment Management LLC now owns 548,017 shares of the real estate investment trust’s stock valued at $143,405,000 after acquiring an additional 31,261 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ESS has been the subject of several analyst reports. Citigroup upgraded Essex Property Trust from a “buy” rating to an “outperform” rating in a report on Friday, July 31st. Jefferies Financial Group upgraded Essex Property Trust to a “strong-buy” rating in a report on Wednesday, July 22nd. Mizuho lifted their price target on shares of Essex Property Trust from $285.00 to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Weiss Ratings upgraded shares of Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Finally, Wells Fargo & Company upped their price objective on shares of Essex Property Trust from $280.00 to $297.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $304.79.

Essex Property Trust Price Performance

NYSE ESS opened at $279.01 on Wednesday. Essex Property Trust, Inc. has a twelve month low of $238.46 and a twelve month high of $303.35. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market capitalization of $17.93 billion, a PE ratio of 43.39, a P/E/G ratio of 10.35 and a beta of 0.69. The stock has a 50-day simple moving average of $289.94 and a 200 day simple moving average of $271.28.

Essex Property Trust (NYSE:ESS) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, beating the consensus estimate of $1.46 by $2.62. The firm had revenue of $489.05 million during the quarter, compared to the consensus estimate 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. Research analysts anticipate that Essex Property Trust, Inc. will post 16.18 EPS for the current 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.