Legal & General Group Plc Purchases Shares of 892,526 Essex Property Trust, Inc. $ESS

Legal & General Group Plc purchased a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 892,526 shares of the real estate investment trust’s stock, valued at approximately $260,252,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Nemes Rush Group LLC acquired a new position in Essex Property Trust during the fourth quarter worth about $27,000. Generali Asset Management SPA SGR acquired a new stake in Essex Property Trust in the 4th quarter valued at about $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in Essex Property Trust in the 1st quarter valued at about $38,000. Elevation Wealth Partners LLC boosted its position in shares of 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 valued at $47,000 after purchasing an additional 136 shares in the last quarter. Finally, Western Wealth Management LLC bought a new position in shares of Essex Property Trust during the 1st quarter valued at about $44,000. Institutional investors own 96.51% of the company’s stock.

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Essex Property Trust Stock Performance

Shares of Essex Property Trust stock opened at $288.09 on Thursday. The stock has a market cap of $18.52 billion, a PE ratio of 44.80, a price-to-earnings-growth ratio of 10.68 and a beta of 0.69. The business has a fifty day simple moving average of $289.47 and a 200-day simple moving average of $270.66. 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, Inc. has a 12 month low of $238.46 and a 12 month high of $303.35.

Essex Property Trust (NYSE:ESS – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, beating 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 analyst estimates of $485.12 million. During the same quarter in the prior year, the business 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. On average, sell-side analysts anticipate that Essex Property Trust, Inc. will post 16.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on ESS shares. Morgan Stanley boosted their target price on shares of Essex Property Trust from $293.00 to $302.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Wells Fargo & Company raised their target price on shares of Essex Property Trust from $280.00 to $297.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Barclays lifted their price target on shares of Essex Property Trust from $296.00 to $297.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Wall Street Zen cut Essex Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Mizuho increased their price objective on Essex Property Trust from $285.00 to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.79.

Read Our Latest Research Report on ESS

Essex Property Trust Profile

(Free Report)

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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