United Capital Financial Advisors LLC Invests $861,000 in Essex Property Trust, Inc. $ESS

United Capital Financial Advisors LLC acquired a new position in Essex Property Trust, Inc. (NYSE:ESS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,953 shares of the real estate investment trust’s stock, valued at approximately $861,000.

Several other large investors also recently added to or reduced their stakes in the business. Nemes Rush Group LLC bought a new position in Essex Property Trust in the 4th quarter worth about $27,000. Generali Asset Management SPA SGR bought a new stake in shares of Essex Property Trust during the 4th quarter valued at about $29,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Essex Property Trust during the first quarter worth about $38,000. Western Wealth Management LLC purchased a new position in shares of Essex Property Trust during the first quarter worth about $44,000. Finally, Elevation Wealth Partners LLC increased 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 worth $47,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Truist Financial raised their target price on shares of Essex Property Trust from $273.00 to $286.00 and gave the company a “hold” rating in a research note on Wednesday, May 27th. Wells Fargo & Company increased their price target 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. Wall Street Zen cut shares of Essex Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Citizens Jmp raised shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $330.00 price objective for the company in a report on Friday, July 31st. Finally, Piper Sandler upped their target price on shares of Essex Property Trust from $310.00 to $352.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $304.79.

Essex Property Trust Price Performance

Shares of Essex Property Trust stock opened at $284.49 on Monday. 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 one year low of $238.46 and a one year high of $303.35. The business’s 50 day simple moving average is $289.82 and its two-hundred day simple moving average is $271.01. The stock has a market capitalization of $18.28 billion, a P/E ratio of 44.24, a price-to-earnings-growth ratio of 10.39 and a beta of 0.69.

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 analysts’ consensus estimates 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 firm had revenue of $489.05 million during the quarter, compared to analyst estimates of $485.12 million. During the same quarter in the prior 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. Analysts forecast that Essex Property Trust, Inc. will post 16.18 EPS for the current 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.