LM Advisors LLC Invests $1.72 Million in Essex Property Trust, Inc. $ESS

LM Advisors LLC bought a new stake in Essex Property Trust, Inc. (NYSE:ESS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,843 shares of the real estate investment trust’s stock, valued at approximately $1,723,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ESS. Nemes Rush Group LLC acquired a new position in Essex Property Trust during the fourth quarter worth about $27,000. Generali Asset Management SPA SGR acquired a new stake in Essex Property Trust in the 4th quarter valued at about $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in Essex Property Trust in the 1st quarter valued at about $38,000. Western Wealth Management LLC purchased a new position in Essex Property Trust in the 1st quarter worth approximately $44,000. Finally, Elevation Wealth Partners LLC lifted its stake in 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. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Essex Property Trust

In other news, Director Mary Kasaris sold 600 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 2,394 shares in the company, valued at approximately $669,003.30. This represents a 20.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.47% of the stock is currently owned by company insiders.

Essex Property Trust Stock Up 0.5%

ESS stock opened at $289.26 on Friday. Essex Property Trust, Inc. has a one year low of $238.46 and a one year high of $303.35. The firm has a market cap of $18.59 billion, a PE ratio of 44.99, a PEG ratio of 10.57 and a beta of 0.69. The firm’s 50 day moving average price is $288.72 and its 200-day moving average price is $269.65. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.60 and a current ratio of 0.60.

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 16.18 EPS for the current year.

Wall Street Analyst Weigh In

ESS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft set a $325.00 target price on Essex Property Trust in a report on Tuesday. Citigroup upgraded Essex Property Trust from a “buy” rating to an “outperform” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. boosted their price objective on Essex Property Trust from $275.00 to $295.00 and gave the stock an “underweight” rating in a research note on Friday, August 14th. Morgan Stanley upped their target price on Essex Property Trust from $293.00 to $302.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Finally, Stifel Nicolaus set a $292.75 price target on Essex Property Trust in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $304.79.

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.