Hsbc Holdings PLC Invests $74.69 Million in Essex Property Trust, Inc. $ESS

Hsbc Holdings PLC acquired a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 255,953 shares of the real estate investment trust’s stock, valued at approximately $74,687,000. Hsbc Holdings PLC owned about 0.40% of Essex Property Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nemes Rush Group LLC purchased a new position in Essex Property Trust in the 4th quarter valued at about $27,000. Generali Asset Management SPA SGR purchased a new stake in shares of Essex Property Trust during the fourth quarter worth about $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Essex Property Trust during the first quarter worth about $38,000. Western Wealth Management LLC acquired a new position in shares of Essex Property Trust in the first quarter valued at approximately $44,000. Finally, Elevation Wealth Partners LLC raised its position 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 buying an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

ESS has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Mizuho boosted their price target on Essex Property Trust from $285.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Raymond James Financial raised Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 price target on the stock in a research note on Friday, June 26th. JPMorgan Chase & Co. raised their price objective on Essex Property Trust from $275.00 to $295.00 and gave the stock an “underweight” rating in a report on Friday, August 14th. Finally, Evercore reaffirmed an “outperform” rating and issued a $303.00 price objective on shares of Essex Property Trust in a research 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 given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $304.79.

Essex Property Trust Price Performance

ESS opened at $288.09 on Thursday. Essex Property Trust, Inc. has a 1 year low of $238.46 and a 1 year high of $303.35. The company’s 50 day simple moving average is $289.47 and its 200 day simple moving average is $270.66. The stock has a market capitalization of $18.52 billion, a PE ratio of 44.80, a P/E/G ratio of 10.68 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.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $489.05 million for the quarter, compared to the consensus estimate of $485.12 million. During the same quarter last year, the firm 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. As a group, sell-side analysts expect that Essex Property Trust, Inc. will post 16.18 EPS for the current year.

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.