Korea Investment CORP Makes New $1.90 Million Investment in Essex Property Trust, Inc. $ESS

Korea Investment CORP bought a new position in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,517 shares of the real estate investment trust's stock, valued at approximately $1,900,000.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on ESS. Jefferies Financial Group raised Essex Property Trust to a "strong-buy" rating in a research note on Wednesday, July 22nd. Wall Street Zen lowered shares of Essex Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Citigroup upgraded shares of Essex Property Trust from a "buy" rating to an "outperform" rating in a research report on Friday, July 31st. UBS Group set a $290.00 price target on shares of Essex Property Trust in a report on Thursday, June 18th. Finally, Citizens Jmp upgraded shares of Essex Property Trust from a "market perform" rating to an "outperform" rating and set a $330.00 price target on the stock in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Essex Property Trust currently has an average rating of "Moderate Buy" and an average price target of $304.79.

Insider Buying and Selling at Essex Property Trust

In other news, Director Mary Kasaris sold 600 shares of the company's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total transaction of $167,670.00. Following the completion of the transaction, the director directly owned 2,394 shares in the company, valued at approximately $669,003.30. This represents a 20.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.47% of the company's stock.

Essex Property Trust Stock Up 1.6%

Shares of NYSE ESS opened at $293.62 on Tuesday. The company has a market cap of $18.87 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 10.57 and a beta of 0.69. 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, Inc. has a 12 month low of $238.46 and a 12 month high of $303.35. The stock has a 50-day moving average price of $288.97 and a two-hundred day moving average price of $270.12.

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 (EPS) for the quarter, beating the consensus estimate of $1.46 by $2.62. The company had revenue of $489.05 million for 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 previous year, the firm posted $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. As a group, analysts forecast that Essex Property Trust, Inc. will post 16.18 earnings per share for the current fiscal year.

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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