Essex Property Trust, Inc. $ESS Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management dramatically increased its Essex Property Trust stake by 23,177.2% in the second quarter, acquiring 754,185 additional shares. It now owns 757,439 shares, worth approximately $220.9 million and representing 1.18% of the REIT.
• Essex reported quarterly EPS of $4.08, exceeding the $1.46 consensus estimate, while revenue reached $489.05 million. The company guided for third-quarter 2026 EPS of $3.93–$4.05 and full-year EPS of $16.03–$16.25.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and an average price target of $304.79; recent targets range from $297 to $352. Shares opened at $283.26, compared with a 12-month range of $238.46 to $303.35.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 23,177.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 757,439 shares of the real estate investment trust's stock after acquiring an additional 754,185 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.18% of Essex Property Trust worth $220,862,000 as of its most recent SEC filing.

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

Essex Property Trust Stock Performance

Shares of ESS opened at $283.26 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.60. The firm's 50 day moving average is $289.95 and its 200-day moving average is $271.16. Essex Property Trust, Inc. has a 12-month low of $238.46 and a 12-month high of $303.35. The stock has a market capitalization of $18.21 billion, a P/E ratio of 44.05, a P/E/G ratio of 10.39 and a beta of 0.69.

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 EPS for the quarter, beating the consensus estimate of $1.46 by $2.62. The business had revenue of $489.05 million during the quarter, compared to analyst estimates 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 period in the prior year, the business 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 anticipate that Essex Property Trust, Inc. will post 16.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on ESS. Barclays boosted their price target on shares of Essex Property Trust from $296.00 to $297.00 and gave the stock an "equal weight" rating in a research report on Monday, August 17th. Mizuho raised their price objective on shares of Essex Property Trust from $285.00 to $308.00 and gave the company an "outperform" rating in a research note on Wednesday, June 10th. Wells Fargo & Company boosted their target price 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. 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 report on Tuesday, July 21st. Finally, Raymond James Financial raised Essex Property Trust from a "market perform" rating to an "outperform" rating and set a $320.00 price target for the company in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $304.79.

Essex Property Trust Company 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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