RB Capital Management LLC Purchases New Holdings in Essex Property Trust, Inc. $ESS

RB Capital Management LLC purchased a new stake in Essex Property Trust, Inc. (NYSE:ESS) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,174 shares of the real estate investment trust’s stock, valued at approximately $634,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nemes Rush Group LLC purchased a new position in shares of Essex Property Trust in the 4th quarter valued at approximately $27,000. Generali Asset Management SPA SGR acquired a new position in shares of Essex Property Trust in the fourth quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Essex Property Trust during the first quarter worth approximately $38,000. Elevation Wealth Partners LLC raised its stake in shares of Essex Property Trust by 523.1% during the second quarter. Elevation Wealth Partners LLC now owns 162 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 136 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of Essex Property Trust during the first quarter worth $44,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Essex Property Trust Stock Performance

Shares of ESS stock opened at $284.49 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.22. The stock has a 50 day simple moving average of $289.82 and a 200-day simple moving average of $270.92. The company has a market cap of $18.28 billion, a price-to-earnings ratio of 44.24, a price-to-earnings-growth ratio of 10.27 and a beta of 0.69. 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) last posted its quarterly earnings results 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. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.The firm had revenue of $489.05 million for the quarter, compared to the consensus estimate of $485.12 million. During the same period in the previous 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 forecast that Essex Property Trust, Inc. will post 16.18 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ESS. Sanford C. Bernstein assumed coverage on shares of Essex Property Trust in a research report on Friday, June 26th. They issued an “outperform” rating and a $320.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of Essex Property Trust from $275.00 to $295.00 and gave the stock an “underweight” rating in a research report on Friday, August 14th. Weiss Ratings upgraded shares of Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Citizens Jmp raised shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $330.00 target price on the stock in a report on Friday, July 31st. Finally, Piper Sandler lifted their target price on shares of Essex Property Trust from $310.00 to $352.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. One research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.79.

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.