Ieq Capital LLC Invests $3.23 Million in Essex Property Trust, Inc. $ESS

Key Points

• Ieq Capital LLC acquired 11,063 shares of Essex Property Trust in the second quarter, valued at approximately $3.23 million. Institutional investors collectively own 96.51% of the REIT.
• Essex reported quarterly EPS of $4.08, substantially above the $1.46 consensus estimate, while revenue of $489.05 million also exceeded expectations. The company guided for third-quarter 2026 EPS of $3.93–$4.05 and full-year EPS of $16.03–$16.25.
• Shares recently traded at $293.62, near their 52-week high, and analysts maintain a “Moderate Buy” consensus with an average price target of $304.79.

Ieq Capital LLC bought a new stake in Essex Property Trust, Inc. (NYSE:ESS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,063 shares of the real estate investment trust's stock, valued at approximately $3,226,000.

Several other hedge funds also recently made changes to their positions in ESS. Nemes Rush Group LLC bought a new position in Essex Property Trust in the fourth quarter worth $27,000. Generali Asset Management SPA SGR bought a new stake in shares of Essex Property Trust during the 4th quarter valued at $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Essex Property Trust in the 1st quarter worth about $38,000. Western Wealth Management LLC purchased a new stake in shares of Essex Property Trust in the 1st quarter worth about $44,000. Finally, Elevation Wealth Partners LLC increased its stake in shares of 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 worth $47,000 after acquiring an additional 136 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Essex Property Trust Trading Up 1.6%

Shares of NYSE ESS opened at $293.62 on Tuesday. The firm's 50 day moving average price is $288.97 and its 200-day moving average price is $270.12. The company has a market cap of $18.87 billion, a PE ratio of 45.66, a P/E/G ratio of 10.57 and a beta of 0.69. Essex Property Trust, Inc. has a 52-week low of $238.46 and a 52-week high of $303.35. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.60 and a current ratio of 0.60.

Essex Property Trust (NYSE:ESS - Get Free Report) last announced its quarterly 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 company had revenue of $489.05 million during the quarter, compared to the consensus estimate of $485.12 million. During the same quarter last 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. On average, equities research analysts expect that Essex Property Trust, Inc. will post 16.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the business's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total value of $167,670.00. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.47% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Stifel Nicolaus set a $292.75 price target on shares of Essex Property Trust in a research report on Thursday, July 30th. Evercore restated an "outperform" rating and issued a $303.00 price objective on shares of Essex Property Trust in a report on Thursday, July 30th. UBS Group set a $290.00 target price on shares of Essex Property Trust in a research note on Thursday, June 18th. JPMorgan Chase & Co. lifted their target price on shares of Essex Property Trust from $275.00 to $295.00 and gave the company an "underweight" rating in a report on Friday, August 14th. Finally, Scotiabank boosted their price target on Essex Property Trust from $290.00 to $307.00 and gave the stock an "outperform" rating in a research report on Thursday, July 9th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Essex Property Trust currently has an average rating of "Moderate Buy" and a consensus price target of $304.79.

About Essex Property Trust

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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