Deutsche Bank AG Takes Position in Essex Property Trust, Inc. $ESS

Deutsche Bank AG purchased a new stake in Essex Property Trust, Inc. (NYSE:ESS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 224,971 shares of the real estate investment trust's stock, valued at approximately $65,599,000. Deutsche Bank AG owned 0.35% of Essex Property Trust as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ESS. Nemes Rush Group LLC purchased a new position in Essex Property Trust during the fourth quarter valued at $27,000. Generali Asset Management SPA SGR purchased a new stake in shares of Essex Property Trust during the fourth quarter worth about $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Essex Property Trust during the first quarter worth about $38,000. Western Wealth Management LLC acquired a new position in shares of Essex Property Trust during the 1st quarter worth about $44,000. Finally, Elevation Wealth Partners LLC raised its position in shares of Essex Property Trust by 523.1% during the 2nd quarter. Elevation Wealth Partners LLC now owns 162 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insiders Place Their Bets

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the business's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total transaction of $167,670.00. Following the transaction, the director owned 2,394 shares of the company's stock, valued at approximately $669,003.30. The trade was a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.47% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald raised their price target on shares of Essex Property Trust from $291.00 to $316.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Citigroup upgraded Essex Property Trust from a "buy" rating to an "outperform" rating in a research note on Friday, July 31st. Jefferies Financial Group raised Essex Property Trust to a "strong-buy" rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded Essex Property Trust from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday. Finally, Piper Sandler lifted their price target 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. 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $304.79.

Essex Property Trust Stock Performance

NYSE:ESS opened at $288.17 on Friday. The company has a market cap of $18.52 billion, a P/E ratio of 44.82, a P/E/G ratio of 10.51 and a beta of 0.69. Essex Property Trust, Inc. has a twelve month low of $238.46 and a twelve month high of $303.35. The company's 50-day moving average price is $288.60 and its 200-day moving average price is $269.51. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.22.

Essex Property Trust (NYSE:ESS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 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. On average, sell-side analysts forecast that Essex Property Trust, Inc. will post 16.18 earnings per share for the current fiscal 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.

Want to see what other hedge funds are holding ESS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Essex Property Trust, Inc. (NYSE:ESS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source