Essex Property Trust, Inc. $ESS Shares Purchased by Brooklyn Investment Group

Brooklyn Investment Group increased its stake in shares of Essex Property Trust, Inc. (NYSE:ESS) by 34.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190 shares of the real estate investment trust’s stock after purchasing an additional 49 shares during the period. Brooklyn Investment Group’s holdings in Essex Property Trust were worth $58,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ESS. Wealthquest Corp acquired a new position in Essex Property Trust in the 1st quarter valued at $384,606,000. GAMMA Investing LLC boosted its position in Essex Property Trust by 35,500.1% during the 1st quarter. GAMMA Investing LLC now owns 448,205 shares of the real estate investment trust’s stock worth $137,406,000 after purchasing an additional 446,946 shares during the period. Northern Trust Corp boosted its position in Essex Property Trust by 56.0% during the 4th quarter. Northern Trust Corp now owns 1,127,830 shares of the real estate investment trust’s stock worth $321,928,000 after purchasing an additional 404,892 shares during the period. Nuveen LLC purchased a new stake in Essex Property Trust during the 1st quarter worth $91,014,000. Finally, JPMorgan Chase & Co. boosted its position in Essex Property Trust by 65.1% in the 1st quarter. JPMorgan Chase & Co. now owns 725,896 shares of the real estate investment trust’s stock valued at $222,538,000 after buying an additional 286,345 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 equities analysts have weighed in on the stock. Evercore ISI decreased their price objective on shares of Essex Property Trust from $285.00 to $279.00 and set an “in-line” rating for the company in a research report on Tuesday, August 12th. Mizuho dropped their price objective on shares of Essex Property Trust from $314.00 to $293.00 and set an “outperform” rating on the stock in a research note on Friday, May 23rd. Barclays dropped their price target on shares of Essex Property Trust from $335.00 to $298.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 12th. Royal Bank Of Canada raised their price target on shares of Essex Property Trust from $306.00 to $307.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, Truist Financial decreased their price objective on shares of Essex Property Trust from $295.00 to $283.00 and set a “hold” rating for the company in a report on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $302.86.

Essex Property Trust Price Performance

Shares of NYSE:ESS opened at $266.56 on Friday. Essex Property Trust, Inc. has a fifty-two week low of $243.85 and a fifty-two week high of $317.73. The business has a 50-day moving average of $275.97 and a two-hundred day moving average of $283.40. The stock has a market capitalization of $17.17 billion, a P/E ratio of 21.43, a P/E/G ratio of 6.75 and a beta of 0.80. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.09.

Essex Property Trust (NYSE:ESS) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.99 by $0.04. The firm had revenue of $465.84 million during the quarter, compared to analyst estimates of $466.47 million. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. During the same quarter in the previous year, the business earned $3.94 EPS. Essex Property Trust has set its Q3 2025 guidance at 3.890-3.990 EPS. FY 2025 guidance at 15.800-16.020 EPS. On average, equities research analysts predict that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

About Essex Property Trust

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.