Essex Property Trust, Inc. $ESS Shares Sold by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. reduced its stake in Essex Property Trust, Inc. (NYSE:ESS) by 1.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 8,054 shares of the real estate investment trust’s stock after selling 128 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Essex Property Trust were worth $2,469,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new position in shares of Essex Property Trust in the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. purchased a new stake in Essex Property Trust in the first quarter valued at approximately $35,000. Capital Analysts LLC raised its position in Essex Property Trust by 56.3% in the first quarter. Capital Analysts LLC now owns 136 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 49 shares during the period. Brooklyn Investment Group lifted its stake in Essex Property Trust by 34.8% during the first quarter. Brooklyn Investment Group now owns 190 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 49 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new position in shares of Essex Property Trust during the fourth quarter worth $59,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Essex Property Trust Stock Performance

Shares of Essex Property Trust stock opened at $268.01 on Thursday. The firm’s fifty day simple moving average is $274.91 and its 200-day simple moving average is $282.80. Essex Property Trust, Inc. has a 12 month low of $243.85 and a 12 month high of $317.73. The stock has a market capitalization of $17.26 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 6.81 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 issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.04. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. The company had revenue of $465.84 million for the quarter, compared to the consensus estimate of $466.47 million. During the same period last year, the firm posted $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. As a group, equities analysts forecast that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays cut their price objective on Essex Property Trust from $335.00 to $298.00 and set an “equal weight” rating on the stock in a 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 for the company in a report on Friday, May 23rd. BMO Capital Markets upped their price objective on Essex Property Trust from $315.00 to $317.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 28th. Stifel Nicolaus upped their price target on Essex Property Trust from $301.50 to $305.50 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Finally, Piper Sandler downgraded Essex Property Trust from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $355.00 to $275.00 in a research report on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $301.42.

Essex Property Trust Company Profile

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.