The Manufacturers Life Insurance Company Takes Position in Essex Property Trust, Inc. $ESS

The Manufacturers Life Insurance Company purchased a new position in shares of Essex Property Trust, Inc. (NYSE:ESS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 39,270 shares of the real estate investment trust’s stock, valued at approximately $11,451,000.

Other hedge funds also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its stake in Essex Property Trust by 2.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 255,533 shares of the real estate investment trust’s stock worth $66,868,000 after purchasing an additional 6,422 shares in the last quarter. Norges Bank purchased a new position in shares of Essex Property Trust in the 4th quarter worth about $230,690,000. Centersquare Investment Management LLC boosted its stake in Essex Property Trust by 6.0% in the fourth quarter. Centersquare Investment Management LLC now owns 548,017 shares of the real estate investment trust’s stock worth $143,405,000 after buying an additional 31,261 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Essex Property Trust by 29.3% in the 4th quarter. BNP Paribas Financial Markets now owns 160,122 shares of the real estate investment trust’s stock valued at $41,901,000 after purchasing an additional 36,293 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Essex Property Trust by 21.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock valued at $439,520,000 after purchasing an additional 301,349 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

ESS has been the subject of several recent research reports. Royal Bank Of Canada boosted their price target on shares of Essex Property Trust from $306.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Piper Sandler boosted their target price on Essex Property Trust from $310.00 to $352.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Citigroup upgraded Essex Property Trust from a “buy” rating to an “outperform” rating in a report on Friday, July 31st. Evercore restated an “outperform” rating and set a $303.00 price target on shares of Essex Property Trust in a research report on Thursday, July 30th. Finally, Truist Financial lifted their price target on Essex Property Trust from $273.00 to $286.00 and gave the stock a “hold” rating in a research note 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $304.79.

Essex Property Trust Trading Up 1.3%

Shares of ESS opened at $284.49 on Friday. Essex Property Trust, Inc. has a 1-year low of $238.46 and a 1-year high of $303.35. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.22. The firm’s 50-day moving average price is $289.82 and its 200-day moving average price is $270.92. The firm has a market capitalization of $18.28 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 10.39 and a beta of 0.69.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 EPS for the quarter, topping the consensus estimate of $1.46 by $2.62. The business had revenue of $489.05 million during the quarter, compared to analyst estimates 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 period last year, the business posted $4.03 earnings per share. 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. Sell-side 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.