Van ECK Associates Corp Purchases 5,638 Shares of Essex Property Trust, Inc. $ESS

Van ECK Associates Corp grew its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 13.8% during the second quarter, Holdings Channel reports. The fund owned 46,426 shares of the real estate investment trust’s stock after purchasing an additional 5,638 shares during the period. Van ECK Associates Corp’s holdings in Essex Property Trust were worth $13,537,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ESS. Nemes Rush Group LLC bought a new stake in shares of Essex Property Trust during the 4th quarter valued at $27,000. Generali Asset Management SPA SGR purchased a new stake in Essex Property Trust in the fourth quarter worth about $29,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Essex Property Trust during the first quarter valued at approximately $38,000. Western Wealth Management LLC purchased a new position in shares of Essex Property Trust during the first quarter valued at approximately $44,000. Finally, Elevation Wealth Partners LLC boosted its position in shares of Essex Property Trust by 523.1% in the 2nd 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 in the last quarter. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Cantor Fitzgerald lifted their price objective on Essex Property Trust from $291.00 to $316.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Piper Sandler upped their price target on shares of Essex Property Trust from $310.00 to $352.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Truist Financial raised their price objective on shares of Essex Property Trust from $273.00 to $286.00 and gave the company a “hold” rating in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft set a $325.00 target price on shares of Essex Property Trust in a research note on Tuesday, August 18th. Finally, Wall Street Zen cut shares of Essex Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $304.79.

Essex Property Trust Trading Down 0.3%

Essex Property Trust stock opened at $283.26 on Tuesday. Essex Property Trust, Inc. has a one year low of $238.46 and a one year high of $303.35. The business’s fifty day moving average is $289.95 and its 200 day moving average is $271.16. The stock has a market capitalization of $18.21 billion, a PE ratio of 44.05, a price-to-earnings-growth ratio of 10.39 and a beta of 0.69. 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 earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $2.62. The business had revenue of $489.05 million for the quarter, compared to analysts’ expectations of $485.12 million. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. 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 predict that Essex Property Trust, Inc. will post 16.18 EPS 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.