Essex Property Trust, Inc. $ESS Shares Acquired by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in Essex Property Trust by 6.6%, owning 1.33% of the company, valued at approximately $261.21 million.
• Analysts have lowered target prices for Essex Property Trust, with Scotiabank, Evercore ISI, and Barclays adjusting their price targets, while the stock currently holds an average rating of "Hold".
• The company reported an earnings per share (EPS) of $4.03 for the last quarter, exceeding estimates, and has set EPS guidance for Q3 2025 between 3.890-3.990.

Ameriprise Financial Inc. boosted its stake in Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 6.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 854,606 shares of the real estate investment trust's stock after buying an additional 52,793 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.33% of Essex Property Trust worth $261,205,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. DoubleLine ETF Adviser LP grew its stake in shares of Essex Property Trust by 0.8% during the 4th quarter. DoubleLine ETF Adviser LP now owns 4,624 shares of the real estate investment trust's stock worth $1,320,000 after acquiring an additional 38 shares during the period. Stephens Inc. AR raised its holdings in shares of Essex Property Trust by 4.6% during the 1st quarter. Stephens Inc. AR now owns 985 shares of the real estate investment trust's stock valued at $302,000 after buying an additional 43 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of Essex Property Trust by 5.0% during the 1st quarter. Horizon Investments LLC now owns 929 shares of the real estate investment trust's stock valued at $285,000 after buying an additional 44 shares in the last quarter. Gen Wealth Partners Inc raised its holdings in shares of Essex Property Trust by 2.4% during the 4th quarter. Gen Wealth Partners Inc now owns 1,952 shares of the real estate investment trust's stock valued at $557,000 after buying an additional 45 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Essex Property Trust by 6.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 778 shares of the real estate investment trust's stock worth $239,000 after purchasing an additional 46 shares during the period. Institutional investors own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Morgan Stanley decreased their price target on Essex Property Trust from $304.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. Wall Street Zen upgraded Essex Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. BMO Capital Markets lifted their price target on Essex Property Trust from $315.00 to $317.00 and gave the company an "outperform" rating in a research report on Wednesday, May 28th. Evercore ISI lowered their price objective on Essex Property Trust from $285.00 to $279.00 and set an "in-line" rating for the company in a research note on Tuesday, August 12th. Finally, Scotiabank lowered their price objective on Essex Property Trust from $320.00 to $309.00 and set a "sector outperform" rating for the company in a research note on Tuesday, August 5th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $301.42.

Essex Property Trust Stock Performance

NYSE:ESS traded down $1.70 during mid-day trading on Thursday, hitting $265.92. 43,515 shares of the company traded hands, compared to its average volume of 486,791. The stock's fifty day moving average price is $274.91 and its 200-day moving average price is $282.80. Essex Property Trust, Inc. has a one year low of $243.85 and a one year high of $317.73. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. The firm has a market cap of $17.13 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 6.81 and a beta of 0.80.

Essex Property Trust (NYSE:ESS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.99 by $0.04. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. The firm had revenue of $465.84 million for the quarter, compared to analysts' expectations of $466.47 million. During the same quarter last year, the business posted $3.94 earnings per share. Essex Property Trust has set its Q3 2025 guidance at 3.890-3.990 EPS. FY 2025 guidance at 15.800-16.020 EPS. Research analysts anticipate that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal year.

Essex Property Trust Profile

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.