Meiji Yasuda Asset Management Co Ltd. Acquires Shares of 36,586 Essex Property Trust, Inc. $ESS

Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 36,586 shares of the real estate investment trust's stock, valued at approximately $10,668,000. Meiji Yasuda Asset Management Co Ltd. owned about 0.06% of Essex Property Trust at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nemes Rush Group LLC purchased a new position in shares of Essex Property Trust during the fourth quarter worth about $27,000. Generali Asset Management SPA SGR purchased a new position in shares of Essex Property Trust in the 4th quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Essex Property Trust in the first quarter valued at approximately $38,000. Elevation Wealth Partners LLC raised its stake in shares of Essex Property Trust by 523.1% during the second 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 last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of Essex Property Trust during the first quarter worth $44,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Activity

In related news, Director Mary Kasaris sold 600 shares of the company's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total value of $167,670.00. Following the sale, the director owned 2,394 shares of the company's stock, valued at approximately $669,003.30. This represents a 20.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ESS has been the subject of a number of analyst reports. Stifel Nicolaus set a $292.75 price objective on shares of Essex Property Trust in a research report on Thursday, July 30th. Barclays increased 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 report on Monday, August 17th. Jefferies Financial Group upgraded shares of Essex Property Trust to a "strong-buy" rating in a research report on Wednesday, July 22nd. Wells Fargo & Company raised their price target on Essex Property Trust from $280.00 to $297.00 and gave the company an "equal weight" rating in a report on Wednesday, July 22nd. Finally, Citigroup raised Essex Property Trust from a "buy" rating to an "outperform" rating in a report on Friday, July 31st. One 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 issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $304.79.

Essex Property Trust Stock Up 0.1%

Essex Property Trust stock opened at $289.26 on Monday. Essex Property Trust, Inc. has a fifty-two week low of $238.46 and a fifty-two week high of $303.35. The firm has a market capitalization of $18.59 billion, a price-to-earnings ratio of 44.99, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69. The stock's fifty day moving average is $288.72 and its two-hundred day moving average is $269.80. 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 released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 EPS for the quarter, topping the consensus estimate of $1.46 by $2.62. The business 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 earned $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. Analysts predict that Essex Property Trust, Inc. will post 16.18 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source