3,383 Shares in Essex Property Trust, Inc. $ESS Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp acquired a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS) in the second quarter, Holdings Channel reports. The firm acquired 3,383 shares of the real estate investment trust’s stock, valued at approximately $986,000.

Several other large investors also recently added to or reduced their stakes in ESS. Nemes Rush Group LLC bought a new stake in shares of Essex Property Trust during the fourth quarter valued at approximately $27,000. Generali Asset Management SPA SGR bought a new stake in Essex Property Trust during the 4th quarter valued at $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Essex Property Trust in the 1st quarter worth $38,000. Elevation Wealth Partners LLC lifted its holdings in shares of 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 buying an additional 136 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in shares of Essex Property Trust in the 1st quarter worth $44,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Jefferies Financial Group upgraded Essex Property Trust to a “strong-buy” rating in a research note on Wednesday, July 22nd. Morgan Stanley increased their target price on shares of Essex Property Trust from $293.00 to $302.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Wells Fargo & Company raised their target price on shares of Essex Property Trust from $280.00 to $297.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Evercore restated an “outperform” rating and issued a $303.00 price target on shares of Essex Property Trust in a report on Thursday, July 30th. Finally, Sanford C. Bernstein began coverage on shares of Essex Property Trust in a research report on Friday, June 26th. They issued an “outperform” rating and a $320.00 price target for the company. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $304.79.

Essex Property Trust Price Performance

ESS opened at $280.86 on Friday. The firm has a market capitalization of $18.05 billion, a PE ratio of 43.68, a price-to-earnings-growth ratio of 10.54 and a beta of 0.69. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.60. The business’s 50-day moving average is $289.61 and its two-hundred day moving average is $270.82. Essex Property Trust, Inc. has a 1 year low of $238.46 and a 1 year high of $303.35.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results 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 net margin of 21.48% and a return on equity of 7.33%. The business had revenue of $489.05 million for the quarter, compared to analysts’ expectations of $485.12 million. During the same period last year, the business 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. Research analysts anticipate that Essex Property Trust, Inc. will post 16.18 earnings per share for the current fiscal 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.