UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $220.86 Million Holdings in Essex Property Trust, Inc. $ESS

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 23,177.2% during the second quarter, Holdings Channel reports. The fund owned 757,439 shares of the real estate investment trust’s stock after acquiring an additional 754,185 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Essex Property Trust were worth $220,862,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. lifted its position in Essex Property Trust by 2.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 255,533 shares of the real estate investment trust’s stock worth $66,868,000 after buying an additional 6,422 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Essex Property Trust in the second quarter worth about $11,451,000. Jefferies Financial Group Inc. bought a new position in shares of Essex Property Trust in the 2nd quarter valued at approximately $2,889,000. Norges Bank acquired a new stake in Essex Property Trust in the 4th quarter worth approximately $230,690,000. Finally, Centersquare Investment Management LLC boosted its position in Essex Property Trust by 6.0% during the fourth 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 during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ESS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Essex Property Trust from $275.00 to $295.00 and gave the company an “underweight” rating in a research report on Friday, August 14th. Evercore reissued an “outperform” rating and set a $303.00 target price on shares of Essex Property Trust in a research report on Thursday, July 30th. Scotiabank upped their price target on shares of Essex Property Trust from $290.00 to $307.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Cantor Fitzgerald raised their price target on Essex Property Trust from $291.00 to $316.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Finally, Stifel Nicolaus set a $292.75 price objective on Essex Property Trust in a research note on Thursday, July 30th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $304.79.

Essex Property Trust Price Performance

NYSE:ESS opened at $283.26 on Tuesday. The stock has a market cap of $18.21 billion, a P/E ratio of 44.05, a PEG ratio of 10.39 and a beta of 0.69. Essex Property Trust, Inc. has a one year low of $238.46 and a one year high of $303.35. The company has a fifty day moving average price of $289.95 and a 200 day moving average price of $271.16. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.60.

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 (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 company had revenue of $489.05 million for the quarter, compared to analyst estimates of $485.12 million. During the same period last year, the business 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. Analysts anticipate that Essex Property Trust, Inc. will post 16.18 earnings per share for the current year.

Essex Property Trust Profile

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.