NEOS Investment Management LLC Boosts Stake in Essex Property Trust, Inc. $ESS

Posted by Geri Gentry on Sep 6th, 2026

NEOS Investment Management LLC increased its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS – Free Report) by 13.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,534 shares of the real estate investment trust’s stock after acquiring an additional 2,746 shares during the period. NEOS Investment Management LLC’s holdings in Essex Property Trust were worth $6,862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AXQ Capital LP acquired a new position in Essex Property Trust in the 2nd quarter worth about $434,000. Nykredit A S purchased a new position in Essex Property Trust during the second quarter worth approximately $6,862,000. Proficio Capital Partners LLC acquired a new stake in Essex Property Trust in the second quarter valued at approximately $328,000. Sigma Planning Corp grew its holdings in Essex Property Trust by 1.5% in the second quarter. Sigma Planning Corp now owns 4,949 shares of the real estate investment trust’s stock valued at $1,443,000 after purchasing an additional 73 shares during the period. Finally, Greenleaf Trust increased its position in shares of Essex Property Trust by 13.0% in the second quarter. Greenleaf Trust now owns 956 shares of the real estate investment trust’s stock valued at $279,000 after buying an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

ESS has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on Essex Property Trust from $275.00 to $295.00 and gave the stock an “underweight” rating in a research note on Friday, August 14th. Scotiabank boosted their price target on shares of Essex Property Trust from $290.00 to $307.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Barclays upped their price objective 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. Wells Fargo & Company lifted their target price on shares of Essex Property Trust from $280.00 to $297.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Finally, Cantor Fitzgerald boosted their target price on shares of Essex Property Trust from $291.00 to $316.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Essex Property Trust presently has a consensus rating of “Moderate Buy” and an average price target of $304.79.

Read Our Latest Analysis on ESS

Essex Property Trust Stock Down 0.0%

Shares of ESS opened at $278.53 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.60 and a current ratio of 0.60. Essex Property Trust, Inc. has a one year low of $238.46 and a one year high of $303.35. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 10.19 and a beta of 0.69. The stock has a 50 day moving average price of $289.38 and a 200 day moving average price of $271.70.

Essex Property Trust (NYSE:ESS – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $2.62. The company had revenue of $489.05 million for the quarter, compared to analyst estimates 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 last year, the firm posted $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. Equities research analysts forecast that Essex Property Trust, Inc. will post 16.18 earnings per share for the current fiscal year.

Essex Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $2.59 dividend. This represents a $10.36 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Essex Property Trust’s dividend payout ratio (DPR) is currently 161.12%.

About Essex Property Trust

(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.