25,499 Shares in Essex Property Trust, Inc. $ESS Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 25,499 shares of the real estate investment trust’s stock, valued at approximately $7,435,000.

A number of other hedge funds also recently bought and sold shares of ESS. Nemes Rush Group LLC purchased a new position in Essex Property Trust in the 4th quarter worth approximately $27,000. Generali Asset Management SPA SGR purchased a new stake in shares of Essex Property Trust in the fourth quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Essex Property Trust in the first quarter valued at approximately $38,000. Elevation Wealth Partners LLC increased its holdings in shares of Essex Property Trust by 523.1% in the second quarter. Elevation Wealth Partners LLC now owns 162 shares of the real estate investment trust’s stock valued at $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 in the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays boosted their price objective on Essex Property Trust from $296.00 to $297.00 and gave the stock an “equal weight” rating in a research note on Monday. Weiss Ratings raised Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Mizuho lifted their price target on Essex Property Trust from $285.00 to $308.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Jefferies Financial Group raised shares of Essex Property Trust to a “strong-buy” rating in a research report on Wednesday, July 22nd. Finally, Citigroup raised shares of Essex Property Trust from a “buy” rating to an “outperform” rating in a report on Friday, July 31st. One research 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $304.79.

Insider Buying and Selling

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

Essex Property Trust Stock Up 1.2%

ESS stock opened at $287.22 on Thursday. The firm has a market cap of $18.46 billion, a PE ratio of 44.67, a PEG ratio of 10.38 and a beta of 0.69. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.60 and a current ratio of 0.60. The firm’s 50 day moving average price is $288.45 and its 200-day moving average price is $269.25. Essex Property Trust, Inc. has a one year low of $238.46 and a one year high of $303.35.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, topping the consensus estimate of $1.46 by $2.62. The company had revenue of $489.05 million during the quarter, compared to analyst estimates of $485.12 million. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.During the same period in the prior year, the business posted $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 research analysts anticipate that Essex Property Trust, Inc. will post 16.17 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.