EP Wealth Advisors LLC Buys Shares of 2,978 Essex Property Trust, Inc. $ESS

EP Wealth Advisors LLC purchased a new position in Essex Property Trust, Inc. (NYSE:ESS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,978 shares of the real estate investment trust’s stock, valued at approximately $868,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nemes Rush Group LLC acquired a new stake in shares of Essex Property Trust during the fourth quarter worth $27,000. Generali Asset Management SPA SGR acquired a new position in Essex Property Trust in the 4th quarter worth $29,000. Cassaday & Co Wealth Management LLC acquired a new position in Essex Property Trust in the 1st quarter worth $38,000. Elevation Wealth Partners LLC increased its holdings in Essex Property Trust by 523.1% during the 2nd quarter. Elevation Wealth Partners LLC now owns 162 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 136 shares in the last quarter. Finally, Western Wealth Management LLC bought a new position in Essex Property Trust during the 1st quarter worth about $44,000. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Cantor Fitzgerald boosted their price target on Essex Property Trust from $291.00 to $316.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. UBS Group set a $290.00 price target on shares of Essex Property Trust in a research note on Thursday, June 18th. Mizuho raised their price objective on Essex Property Trust from $285.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Royal Bank Of Canada increased their price objective on Essex Property Trust from $306.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Jefferies Financial Group raised shares of Essex Property Trust to a “strong-buy” rating in a research 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 given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $304.79.

Insider Buying and Selling at Essex Property Trust

In other news, Director Mary Kasaris sold 600 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total transaction of $167,670.00. Following the transaction, the director owned 2,394 shares in the company, valued at approximately $669,003.30. This trade represents a 20.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.47% of the company’s stock.

Essex Property Trust Stock Performance

ESS opened at $289.26 on Monday. Essex Property Trust, Inc. has a 12-month low of $238.46 and a 12-month high of $303.35. The stock has a market cap of $18.59 billion, a price-to-earnings ratio of 44.99, a PEG ratio of 10.57 and a beta of 0.69. The business has a 50 day moving average of $288.72 and a 200-day moving average of $269.80. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.22.

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, topping analysts’ consensus estimates of $1.46 by $2.62. The company had revenue of $489.05 million during the quarter, compared to analysts’ expectations of $485.12 million. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. During the same quarter last year, the company posted $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. On average, equities research analysts expect that Essex Property Trust, Inc. will post 16.18 earnings per share for the current year.

About Essex Property Trust

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.