Osterweis Capital Management Inc. purchased a new stake in Essex Property Trust, Inc. (NYSE:ESS – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,000 shares of the real estate investment trust’s stock, valued at approximately $1,166,000.
Several other institutional investors have also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. increased its holdings in shares of Essex Property Trust by 2.6% during the fourth 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 in the last quarter. Norges Bank bought a new position in shares of Essex Property Trust in the 4th quarter worth $230,690,000. Centersquare Investment Management LLC lifted its holdings 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 worth $143,405,000 after purchasing an additional 31,261 shares in the last quarter. BNP Paribas Financial Markets grew its position in 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 during the period. Finally, Principal Financial Group Inc. grew its position in Essex Property Trust by 21.9% in 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 period. Institutional investors and hedge funds own 96.51% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on ESS shares. Stifel Nicolaus set a $292.75 price target on shares of Essex Property Trust in a research report on Thursday, July 30th. Evercore reissued an “outperform” rating and set a $303.00 price objective on shares of Essex Property Trust in a report on Thursday, July 30th. Jefferies Financial Group raised Essex Property Trust to a “strong-buy” rating in a research note on Wednesday, July 22nd. Raymond James Financial upgraded Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 target price on the stock in a report on Friday, June 26th. Finally, Weiss Ratings raised Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. One research 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $304.79.
Essex Property Trust Trading Down 0.5%
Shares of ESS stock opened at $292.00 on Wednesday. Essex Property Trust, Inc. has a 52-week low of $238.46 and a 52-week 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 company has a 50-day simple moving average of $289.20 and a two-hundred day simple moving average of $270.40. The company has a market capitalization of $18.77 billion, a price-to-earnings ratio of 45.41, a PEG ratio of 10.74 and a beta of 0.69.
Essex Property Trust (NYSE:ESS – Get Free Report) last posted 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. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. The firm had revenue of $489.05 million for the quarter, compared to analysts’ expectations of $485.12 million. During the same quarter last year, the firm 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 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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