Deutsche Bank AG Invests $65.60 Million in Essex Property Trust, Inc. $ESS

Deutsche Bank AG bought 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 & Exchange Commission. The fund bought 224,971 shares of the real estate investment trust’s stock, valued at approximately $65,599,000.

A number of other hedge funds have also modified their holdings of ESS. Nomura Asset Management Co. Ltd. boosted its stake in Essex Property Trust by 2.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 255,533 shares of the real estate investment trust’s stock worth $66,868,000 after buying an additional 6,422 shares during the period. Norges Bank purchased a new stake in shares of Essex Property Trust in the 4th quarter valued at approximately $230,690,000. Centersquare Investment Management LLC raised its stake in shares of Essex Property Trust by 6.0% in the 4th quarter. Centersquare Investment Management LLC now owns 548,017 shares of the real estate investment trust’s stock valued at $143,405,000 after acquiring an additional 31,261 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Essex Property Trust by 29.3% in the 4th quarter. BNP Paribas Financial Markets now owns 160,122 shares of the real estate investment trust’s stock worth $41,901,000 after acquiring an additional 36,293 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Essex Property Trust by 21.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock worth $439,520,000 after acquiring an additional 301,349 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Essex Property Trust Trading Up 0.3%

NYSE ESS opened at $288.17 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $18.52 billion, a price-to-earnings ratio of 44.82, a PEG ratio of 10.51 and a beta of 0.69. The firm has a 50 day simple moving average of $288.60 and a 200-day simple moving average of $269.51. Essex Property Trust, Inc. has a one year low of $238.46 and a one year high of $303.35.

Essex Property Trust (NYSE:ESS) last announced its earnings results 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 firm had revenue of $489.05 million for the quarter, compared to the consensus estimate of $485.12 million. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. During the same period in the prior year, the firm earned $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 anticipate that Essex Property Trust, Inc. will post 16.18 EPS for the current fiscal year.

Insider Activity

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 value of $167,670.00. Following the sale, the director directly owned 2,394 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ESS shares. Weiss Ratings raised shares of Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Barclays upped their price target on Essex Property Trust from $296.00 to $297.00 and gave the stock an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. raised their price target on Essex Property Trust from $275.00 to $295.00 and gave the stock an “underweight” rating in a research report on Friday, August 14th. Raymond James Financial raised Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 price objective for the company in a research note on Friday, June 26th. Finally, Truist Financial lifted their price objective on Essex Property Trust from $273.00 to $286.00 and gave the company a “hold” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $304.79.

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.