Landscape Capital Management L.L.C. purchased a new position in Essex Property Trust, Inc. (NYSE:ESS – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,066 shares of the real estate investment trust’s stock, valued at approximately $1,186,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Woodline Partners LP acquired a new stake in Essex Property Trust in the 1st quarter valued at approximately $1,664,000. Focus Partners Wealth acquired a new position in shares of Essex Property Trust in the 1st quarter worth approximately $223,000. EverSource Wealth Advisors LLC grew its position in Essex Property Trust by 70.1% in the second quarter. EverSource Wealth Advisors LLC now owns 279 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 115 shares during the last quarter. First Trust Advisors LP raised its position in shares of Essex Property Trust by 186.2% during the second quarter. First Trust Advisors LP now owns 33,614 shares of the real estate investment trust’s stock worth $9,526,000 after purchasing an additional 21,871 shares during the period. Finally, Bank of Nova Scotia lifted its stake in Essex Property Trust by 10.9% during the second quarter. Bank of Nova Scotia now owns 8,274 shares of the real estate investment trust’s stock valued at $2,345,000 after buying an additional 811 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.
Insider Buying and Selling
In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total value of $167,670.00. Following the transaction, the director directly owned 2,394 shares in the company, valued at approximately $669,003.30. This trade represents a 20.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.47% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Analysis on Essex Property Trust
Essex Property Trust Price Performance
Shares of Essex Property Trust stock opened at $289.26 on Monday. The firm’s 50-day moving average price is $288.72 and its two-hundred day moving average price is $269.80. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.22. 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 capitalization of $18.59 billion, a price-to-earnings ratio of 44.99, a P/E/G ratio of 10.57 and a beta of 0.69.
Essex Property Trust (NYSE:ESS – Get Free Report) last announced its earnings results 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 company had revenue of $489.05 million for the quarter, compared to analysts’ expectations 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 business earned $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. On average, equities analysts predict that Essex Property Trust, Inc. will post 16.18 earnings per share for the current fiscal 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.
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