Caisse de depot et placement du Quebec Buys New Holdings in Essex Property Trust, Inc. $ESS

Caisse de depot et placement du Quebec 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 filing with the SEC. The institutional investor purchased 36,950 shares of the real estate investment trust's stock, valued at approximately $10,774,000. Caisse de depot et placement du Quebec owned 0.06% of Essex Property Trust at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Essex Property Trust during the 2nd quarter valued at approximately $2,166,555,000. Legal & General Group Plc acquired a new stake in shares of Essex Property Trust in the second quarter worth $260,252,000. Norges Bank purchased a new position in shares of Essex Property Trust during the fourth quarter worth $230,690,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Essex Property Trust by 973.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 743,954 shares of the real estate investment trust's stock worth $199,127,000 after purchasing an additional 674,617 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Essex Property Trust during the second quarter worth $135,837,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on ESS. Wall Street Zen lowered shares of Essex Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Barclays lifted their price objective on Essex Property Trust from $296.00 to $297.00 and gave the company an "equal weight" rating in a research note on Monday, August 17th. Mizuho boosted 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. Piper Sandler upped their target price on Essex Property Trust from $310.00 to $352.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada raised their target price on Essex Property Trust from $306.00 to $312.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $304.79.

Essex Property Trust Stock Performance

Shares of NYSE ESS opened at $284.49 on Friday. The company has a market capitalization of $18.28 billion, a PE ratio of 44.24, a price-to-earnings-growth ratio of 10.39 and a beta of 0.69. 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 company's fifty day moving average price is $289.82 and its 200 day moving average price is $270.92. 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 - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $489.05 million during the quarter, compared to analysts' expectations 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 quarter in the previous year, the company earned $4.03 earnings per share. 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, research analysts predict that Essex Property Trust, Inc. will post 16.18 earnings per share for the current year.

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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