Ieq Capital LLC Takes Position in Essex Property Trust, Inc. $ESS

Ieq Capital LLC purchased a new position in Essex Property Trust, Inc. (NYSE:ESS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,063 shares of the real estate investment trust’s stock, valued at approximately $3,226,000.

Other large investors also recently modified their holdings of the company. Nemes Rush Group LLC purchased a new stake in Essex Property Trust during the fourth quarter valued at $27,000. Generali Asset Management SPA SGR purchased a new position in Essex Property Trust in the fourth quarter worth about $29,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Essex Property Trust during the 1st quarter valued at about $38,000. Western Wealth Management LLC bought a new stake in shares of Essex Property Trust during the 1st quarter valued at about $44,000. Finally, Elevation Wealth Partners LLC increased its position in shares of Essex Property Trust by 523.1% during the 2nd 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. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust Stock Performance

Shares of NYSE ESS opened at $293.62 on Tuesday. The stock has a market cap of $18.87 billion, a PE ratio of 45.66, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69. Essex Property Trust, Inc. has a 1 year low of $238.46 and a 1 year high of $303.35. The firm has a fifty day moving average price of $288.97 and a 200-day moving average price of $270.12. 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 released its 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. The company 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 previous 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. Equities analysts anticipate that Essex Property Trust, Inc. will post 16.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Mary Kasaris sold 600 shares of the business’s stock in a transaction dated 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 directly owned 2,394 shares in the company, valued at $669,003.30. The trade was a 20.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ESS. Wall Street Zen cut shares of Essex Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Scotiabank upped their target price 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. Truist Financial increased their price target on shares of Essex Property Trust from $273.00 to $286.00 and gave the stock a “hold” rating in a research report on Wednesday, May 27th. Morgan Stanley lifted their price target on shares of Essex Property Trust from $293.00 to $302.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Finally, Raymond James Financial raised shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 price objective for the company in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $304.79.

Essex Property Trust Company 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.