Landscape Capital Management L.L.C. Invests $1.19 Million in Essex Property Trust, Inc. $ESS

Landscape Capital Management L.L.C. bought a new position in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,066 shares of the real estate investment trust's stock, valued at approximately $1,186,000.

Several other hedge funds have also recently bought and sold shares of the business. Nemes Rush Group LLC purchased a new stake in Essex Property Trust during the fourth quarter worth approximately $27,000. Generali Asset Management SPA SGR purchased a new position in shares of Essex Property Trust in the 4th quarter valued at $29,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Essex Property Trust in the 1st quarter valued at $38,000. Western Wealth Management LLC acquired a new position in shares of Essex Property Trust during the 1st quarter valued at $44,000. Finally, Elevation Wealth Partners LLC boosted its position in 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 worth $47,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Essex Property Trust Stock Up 0.1%

Shares of NYSE:ESS opened at $289.26 on Monday. The firm has a market cap of $18.59 billion, a PE ratio of 44.99, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69. The company has a fifty day simple moving average of $288.72 and a 200 day simple moving average of $269.80. 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.

Essex Property Trust (NYSE:ESS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $2.62. The firm had revenue of $489.05 million for the quarter, compared to the consensus estimate 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 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. On average, equities research analysts anticipate that Essex Property Trust, Inc. will post 16.18 EPS for the current fiscal year.

Insider Activity

In other news, Director Mary Kasaris sold 600 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total transaction of $167,670.00. Following the transaction, the director owned 2,394 shares of the company's stock, valued at approximately $669,003.30. This trade represents a 20.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.47% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on ESS shares. Weiss Ratings upgraded Essex Property Trust from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 18th. Barclays boosted their price objective on Essex Property Trust from $296.00 to $297.00 and gave the stock an "equal weight" rating in a research note on Monday, August 17th. Wells Fargo & Company upped their target price on Essex Property Trust from $280.00 to $297.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 22nd. Citizens Jmp upgraded Essex Property Trust from a "market perform" rating to an "outperform" rating and set a $330.00 target price on the stock in a report on Friday, July 31st. Finally, Royal Bank Of Canada boosted their price target on Essex Property Trust from $306.00 to $312.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. One equities research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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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