Public Employees Retirement System of Ohio Takes $27.12 Million Position in Essex Property Trust, Inc. $ESS

Public Employees Retirement System of Ohio bought a new stake in Essex Property Trust, Inc. (NYSE:ESS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 93,006 shares of the real estate investment trust’s stock, valued at approximately $27,120,000.

Other large investors have also made changes to their positions in the company. Nemes Rush Group LLC bought a new stake in Essex Property Trust in the fourth quarter valued at about $27,000. Generali Asset Management SPA SGR acquired a new position in shares of Essex Property Trust during the 4th quarter worth approximately $29,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Essex Property Trust in the 1st quarter valued at about $38,000. Western Wealth Management LLC bought a new position in Essex Property Trust during the first quarter worth $44,000. Finally, Elevation Wealth Partners LLC grew 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 purchasing an additional 136 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ESS shares. Mizuho lifted their price objective on Essex Property Trust from $285.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Citigroup raised Essex Property Trust from a “buy” rating to an “outperform” rating in a research note on Friday, July 31st. Stifel Nicolaus set a $292.75 price target on shares of Essex Property Trust in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upped their target price on Essex Property Trust from $275.00 to $295.00 and gave the company an “underweight” rating in a research report on Friday, August 14th. 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 assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $304.79.

Essex Property Trust Stock Performance

NYSE ESS opened at $284.49 on Friday. Essex Property Trust, Inc. has a 12-month low of $238.46 and a 12-month high of $303.35. The firm has a market cap of $18.28 billion, a P/E ratio of 44.24, a price-to-earnings-growth ratio of 10.27 and a beta of 0.69. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.22. The company’s 50 day moving average is $289.82 and its 200-day moving average is $270.92.

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 analysts’ consensus estimates of $1.46 by $2.62. The business had revenue of $489.05 million for the quarter, compared to analyst estimates of $485.12 million. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.During the same period in the prior year, the company 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. Sell-side analysts predict that Essex Property Trust, Inc. will post 16.18 earnings per share 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.