Essex Property Trust, Inc. $ESS Stock Position Lessened by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB publ has reduced its holdings in Essex Property Trust by 11.9% in the first quarter, bringing its total to 20,344 shares valued at approximately $6.24 million.
• Wall Street analysts have varied ratings for Essex Property Trust, with seven analysts rating it as a Buy and setting an average target price of $301.42.
• Essex Property Trust reported an EPS of $4.03 for Q2, beating estimates, and has future earnings guidance set at 3.890-3.990 EPS for Q3 2025.

Lansforsakringar Fondforvaltning AB publ decreased its holdings in Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,344 shares of the real estate investment trust's stock after selling 2,751 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Essex Property Trust were worth $6,237,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of ESS. Zions Bancorporation National Association UT bought a new position in shares of Essex Property Trust in the first quarter worth $34,000. GKV Capital Management Co. Inc. acquired a new position in Essex Property Trust during the first quarter worth about $35,000. Capital Analysts LLC grew its holdings in Essex Property Trust by 56.3% during the first quarter. Capital Analysts LLC now owns 136 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 49 shares during the period. Brooklyn Investment Group grew 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 acquiring an additional 49 shares during the period. Finally, Ameriflex Group Inc. acquired a new position in Essex Property Trust during the fourth quarter worth about $59,000. Institutional investors own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ESS shares. Raymond James Financial raised Essex Property Trust from a "market perform" rating to an "outperform" rating and set a $315.00 target price on the stock in a report on Tuesday, June 24th. Piper Sandler lowered Essex Property Trust from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $355.00 to $275.00 in a report on Monday, August 4th. Barclays lowered their target price on Essex Property Trust from $335.00 to $298.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Mizuho lowered their target price on Essex Property Trust from $314.00 to $293.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Finally, Wall Street Zen raised Essex Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $301.42.

Essex Property Trust Trading Up 1.0%

Shares of NYSE ESS opened at $270.49 on Friday. Essex Property Trust, Inc. has a 12 month low of $243.85 and a 12 month high of $317.73. The company has a market cap of $17.42 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 6.95 and a beta of 0.80. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. The business has a fifty day simple moving average of $274.30 and a 200-day simple moving average of $282.44.

Essex Property Trust (NYSE:ESS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 EPS for the quarter, beating the consensus estimate of $3.99 by $0.04. The business had revenue of $465.84 million during the quarter, compared to the consensus estimate of $466.47 million. Essex Property Trust had a return on equity of 13.98% and a net margin of 43.51%.During the same period in the prior year, the business posted $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. Sell-side analysts predict that Essex Property Trust, Inc. will post 15.96 EPS for the current year.

About Essex Property Trust

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.