3,959 Shares in Essex Property Trust, Inc. $ESS Bought by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC bought a new stake in Essex Property Trust, Inc. (NYSE:ESS) during the 2nd quarter, HoldingsChannel reports. The firm bought 3,959 shares of the real estate investment trust’s stock, valued at approximately $1,155,000.

A number of other institutional investors have also bought and sold shares of ESS. Nemes Rush Group LLC acquired a new stake in Essex Property Trust during the 4th quarter worth about $27,000. Generali Asset Management SPA SGR bought a new position in shares of Essex Property Trust in the 4th quarter worth about $29,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Essex Property Trust in the 1st quarter valued at about $38,000. Elevation Wealth Partners LLC lifted its stake 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 valued at $47,000 after purchasing an additional 136 shares during the period. Finally, Western Wealth Management LLC acquired a new position in shares of Essex Property Trust in the 1st quarter valued at about $44,000. Institutional investors own 96.51% of the company’s stock.

Insider Transactions at Essex Property Trust

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the firm’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 value of $167,670.00. Following the completion of the sale, the director owned 2,394 shares of the company’s stock, valued at approximately $669,003.30. This trade represents a 20.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.47% of the company’s stock.

Essex Property Trust Price Performance

ESS stock opened at $283.41 on Tuesday. The stock has a market capitalization 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. The company’s 50-day moving average is $288.40 and its 200-day moving average is $268.72. 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, Inc. has a 1 year low of $238.46 and a 1 year high of $303.35.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 EPS for the quarter, beating the consensus estimate of $1.46 by $2.62. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.The company had revenue of $489.05 million during the quarter, compared to the consensus estimate 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. Equities research analysts expect that Essex Property Trust, Inc. will post 16.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ESS shares. Morgan Stanley raised their target price on 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. Mizuho boosted their price target on Essex Property Trust from $285.00 to $308.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $330.00 price target on shares of Essex Property Trust in a report on Monday, July 20th. Scotiabank raised their price objective on shares of Essex Property Trust from $290.00 to $307.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Finally, Evercore reiterated an “outperform” rating and issued a $303.00 price objective on shares of Essex Property Trust in a research note on Thursday, July 30th. One equities 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $305.04.

About Essex Property Trust

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.