Corient Private Wealth LP Invests $19.45 Million in Essex Property Trust, Inc. $ESS

Corient Private Wealth LP purchased a new stake in Essex Property Trust, Inc. (NYSE:ESS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 66,698 shares of the real estate investment trust’s stock, valued at approximately $19,449,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nemes Rush Group LLC acquired a new stake in Essex Property Trust during the fourth quarter worth approximately $27,000. Generali Asset Management SPA SGR acquired a new position in shares of Essex Property Trust in the fourth quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Essex Property Trust during the first quarter worth approximately $38,000. Western Wealth Management LLC bought a new position in shares of Essex Property Trust during the first quarter worth approximately $44,000. Finally, Elevation Wealth Partners LLC lifted its holdings in 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 worth $47,000 after purchasing an additional 136 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citizens Jmp upgraded shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $330.00 price target on the stock in a research note on Friday, July 31st. Piper Sandler lifted their price objective on shares of Essex Property Trust from $310.00 to $352.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Stifel Nicolaus set a $292.75 price objective on shares of Essex Property Trust in a report on Thursday, July 30th. Cantor Fitzgerald increased their target price on shares of Essex Property Trust from $291.00 to $316.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company raised their target price on shares of Essex Property Trust from $280.00 to $297.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $304.79.

Essex Property Trust Price Performance

Shares of ESS stock opened at $284.49 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.22. Essex Property Trust, Inc. has a twelve month low of $238.46 and a twelve month high of $303.35. The company has a market cap of $18.28 billion, a P/E ratio of 44.24, a P/E/G ratio of 10.27 and a beta of 0.69. The business has a fifty day simple moving average of $289.82 and a 200 day simple moving average of $270.92.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share 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 business had revenue of $489.05 million for the quarter, compared to analyst estimates of $485.12 million. During the same period 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. On average, sell-side analysts forecast that Essex Property Trust, Inc. will post 16.18 EPS for the current fiscal year.

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.