25,225 Shares in Essex Property Trust, Inc. $ESS Acquired by Bamco Inc. NY

Key Points

• Bamco Inc. NY acquired 25,225 shares of Essex Property Trust during the second quarter, valued at approximately $7.36 million. Institutional investors collectively own 96.51% of ESS shares.
• Essex Property Trust reported quarterly EPS of $4.08, beating analyst estimates of $1.46, while revenue reached $489.05 million versus expectations of $485.12 million. The company issued third-quarter 2026 EPS guidance of $3.93–$4.05.
• ESS shares opened at $280.86, down 2.5%, while analysts maintained an overall “Moderate Buy” rating with a consensus price target of $304.79.

Bamco Inc. NY purchased a new position in Essex Property Trust, Inc. (NYSE:ESS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,225 shares of the real estate investment trust's stock, valued at approximately $7,355,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ESS. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Essex Property Trust by 5.2% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 814 shares of the real estate investment trust's stock worth $213,000 after acquiring an additional 40 shares during the last quarter. Norinchukin Bank The boosted its holdings in shares of Essex Property Trust by 0.6% during the third quarter. Norinchukin Bank The now owns 6,957 shares of the real estate investment trust's stock worth $1,862,000 after purchasing an additional 44 shares during the period. Kestra Private Wealth Services LLC grew its stake in shares of Essex Property Trust by 1.7% in the first quarter. Kestra Private Wealth Services LLC now owns 3,047 shares of the real estate investment trust's stock worth $737,000 after purchasing an additional 50 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Essex Property Trust by 31.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 265 shares of the real estate investment trust's stock worth $64,000 after buying an additional 63 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in Essex Property Trust by 3.7% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,034 shares of the real estate investment trust's stock valued at $532,000 after acquiring an additional 72 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Essex Property Trust Stock Down 2.5%

NYSE ESS opened at $280.86 on Friday. The company has a fifty day moving average of $289.61 and a two-hundred day moving average of $270.82. The firm has a market capitalization of $18.05 billion, a price-to-earnings ratio of 43.68, a PEG ratio of 10.54 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. Essex Property Trust, Inc. has a 52 week low of $238.46 and a 52 week high of $303.35.

Essex Property Trust (NYSE:ESS - Get Free Report) last posted its quarterly earnings data 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. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. The company had revenue of $489.05 million for the quarter, compared to analyst estimates of $485.12 million. During the same period in the prior year, the company posted $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. On average, analysts predict that Essex Property Trust, Inc. will post 16.18 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on ESS. 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, August 17th. Royal Bank Of Canada raised their price target on shares of Essex Property Trust from $306.00 to $312.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. UBS Group set a $290.00 target price on Essex Property Trust in a research report on Thursday, June 18th. Wall Street Zen lowered shares of Essex Property Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. Finally, Jefferies Financial Group upgraded shares of Essex Property Trust to a "strong-buy" rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $304.79.

Essex Property Trust 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.

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