Danske Bank A S purchased a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 47,256 shares of the real estate investment trust's stock, valued at approximately $13,779,000. Danske Bank A S owned approximately 0.07% of Essex Property Trust as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. lifted its stake in shares of Essex Property Trust by 2.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 255,533 shares of the real estate investment trust's stock worth $66,868,000 after purchasing an additional 6,422 shares in the last quarter. Norges Bank acquired a new stake in shares of Essex Property Trust in the fourth quarter valued at about $230,690,000. Centersquare Investment Management LLC grew its stake in shares of Essex Property Trust by 6.0% in the fourth quarter. Centersquare Investment Management LLC now owns 548,017 shares of the real estate investment trust's stock valued at $143,405,000 after buying an additional 31,261 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Essex Property Trust by 29.3% during the 4th quarter. BNP Paribas Financial Markets now owns 160,122 shares of the real estate investment trust's stock valued at $41,901,000 after buying an additional 36,293 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Essex Property Trust by 21.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust's stock valued at $439,520,000 after buying an additional 301,349 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
ESS has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Essex Property Trust from $280.00 to $297.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 22nd. Scotiabank lifted their price objective on shares of Essex Property Trust from $290.00 to $307.00 and gave the company an "outperform" rating in a research note on Thursday, July 9th. Raymond James Financial raised shares of Essex Property Trust from a "market perform" rating to an "outperform" rating and set a $320.00 target price on the stock in a research report on Friday, June 26th. Sanford C. Bernstein began coverage on shares of Essex Property Trust in a research note on Friday, June 26th. They issued an "outperform" rating and a $320.00 target price for the company. Finally, UBS Group set a $290.00 price target on shares of Essex Property Trust in a report on Thursday, June 18th. One equities research 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $304.79.
Check Out Our Latest Analysis on Essex Property Trust
Insider Buying and Selling at Essex Property Trust
In related news, Director Mary Kasaris sold 600 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total transaction of $167,670.00. Following the sale, the director owned 2,394 shares in the company, valued at $669,003.30. This represents a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.47% of the stock is currently owned by corporate insiders.
Essex Property Trust Stock Performance
Shares of ESS opened at $288.17 on Friday. The stock has a market capitalization of $18.52 billion, a PE ratio of 44.82, a price-to-earnings-growth ratio of 10.51 and a beta of 0.69. The business's fifty day moving average price is $288.60 and its 200 day moving average price is $269.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.60. Essex Property Trust, Inc. has a 12-month low of $238.46 and a 12-month high of $303.35.
Essex Property Trust (NYSE:ESS - Get Free Report) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $489.05 million during the quarter, compared to analyst estimates of $485.12 million. During the same quarter in the previous year, the firm 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. Equities research analysts forecast that Essex Property Trust, Inc. will post 16.18 EPS for the current year.
About Essex Property Trust
(
Free Report)
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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