1,803 Shares in Essex Property Trust, Inc. $ESS Bought by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc purchased a new position in Essex Property Trust, Inc. (NYSE:ESS) in the second quarter, Holdings Channel.com reports. The firm purchased 1,803 shares of the real estate investment trust’s stock, valued at approximately $526,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its stake 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 purchasing an additional 6,422 shares during the period. Norges Bank purchased a new stake in Essex Property Trust during the 4th quarter valued at approximately $230,690,000. Centersquare Investment Management LLC raised its position in shares of 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 valued at $143,405,000 after buying an additional 31,261 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Essex Property Trust by 29.3% during the fourth quarter. BNP Paribas Financial Markets now owns 160,122 shares of the real estate investment trust’s stock valued at $41,901,000 after buying an additional 36,293 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Essex Property Trust by 21.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock valued at $439,520,000 after buying an additional 301,349 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Mizuho upped their target price on shares of Essex Property Trust from $285.00 to $308.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Scotiabank lifted 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. JPMorgan Chase & Co. boosted their price target on shares of Essex Property Trust from $275.00 to $295.00 and gave the stock an “underweight” rating in a research note on Friday. Citigroup raised shares of Essex Property Trust from a “buy” rating to an “outperform” rating in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $330.00 price objective on shares of Essex Property Trust in a research report on Monday, July 20th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $305.04.

Essex Property Trust Stock Performance

Essex Property Trust stock opened at $283.41 on Tuesday. The company’s 50-day moving average price is $288.40 and its 200-day moving average price is $268.72. Essex Property Trust, Inc. has a twelve month low of $238.46 and a twelve month high of $303.35. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.22. The company has a market cap of $18.21 billion, a PE ratio of 44.08, a price-to-earnings-growth ratio of 10.54 and a beta of 0.69.

Essex Property Trust (NYSE:ESS) last announced 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. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. The firm had revenue of $489.05 million for the quarter, compared to analysts’ expectations of $485.12 million. During the same period in the prior year, the company 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, equities research analysts forecast that Essex Property Trust, Inc. will post 16.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total transaction of $167,670.00. Following the sale, the director directly owned 2,394 shares in the company, valued at $669,003.30. This represents a 20.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.47% of the stock is owned by insiders.

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.