Landscape Capital Management L.L.C. Increases Stock Holdings in Essex Property Trust, Inc. $ESS

Key Points

• Landscape Capital Management L.L.C. increased its holdings in Essex Property Trust by 628.8% in Q1, owning 9,321 shares valued at approximately $2.86 million.
• Essex Property Trust received mixed analyst ratings, with price targets ranging from $275.00 to $317.00, and a current consensus rating of "Hold".
• The company reported $4.03 EPS for the last quarter, surpassing estimates, with guidance for 15.96 EPS for the fiscal year 2025.

Landscape Capital Management L.L.C. raised its position in Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 628.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 9,321 shares of the real estate investment trust's stock after purchasing an additional 8,042 shares during the period. Landscape Capital Management L.L.C.'s holdings in Essex Property Trust were worth $2,858,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zions Bancorporation National Association UT bought a new stake in shares of Essex Property Trust in the 1st quarter valued at $34,000. GKV Capital Management Co. Inc. bought a new stake in Essex Property Trust in the 1st quarter valued at about $35,000. Capital Analysts LLC grew its stake in Essex Property Trust by 56.3% in the first quarter. Capital Analysts LLC now owns 136 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 49 shares during the period. Brooklyn Investment Group raised its holdings in Essex Property Trust by 34.8% during the first quarter. Brooklyn Investment Group now owns 190 shares of the real estate investment trust's stock worth $58,000 after buying an additional 49 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in Essex Property Trust during the 4th quarter worth approximately $59,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ESS. Truist Financial dropped their price target on shares of Essex Property Trust from $295.00 to $283.00 and set a "hold" rating on the stock in a research report on Tuesday, August 12th. Scotiabank cut their target price on Essex Property Trust from $320.00 to $309.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, August 5th. Morgan Stanley dropped their price target on Essex Property Trust from $304.00 to $285.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Royal Bank Of Canada boosted their price target on shares of Essex Property Trust from $306.00 to $307.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Piper Sandler downgraded shares of Essex Property Trust from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $355.00 to $275.00 in a report on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $301.42.

Essex Property Trust Stock Performance

Shares of Essex Property Trust stock traded up $0.21 during trading hours on Wednesday, reaching $260.81. The company had a trading volume of 48,355 shares, compared to its average volume of 484,630. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.09. Essex Property Trust, Inc. has a one year low of $243.85 and a one year high of $317.73. The firm has a market cap of $16.80 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 6.95 and a beta of 0.83. The business has a fifty day simple moving average of $273.47 and a 200 day simple moving average of $282.10.

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 EPS for the quarter, beating analysts' consensus estimates of $3.99 by $0.04. The company had revenue of $465.84 million during the quarter, compared to analyst estimates of $466.47 million. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. During the same period last year, the business earned $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. On average, analysts anticipate that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal year.

Essex Property Trust Company 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.