Perigon Wealth Management LLC Invests $8.15 Million in Essex Property Trust, Inc. $ESS

Key Points

• Perigon Wealth Management acquired 27,937 shares of Essex Property Trust valued at approximately $8.15 million during the second quarter. Institutional investors collectively own 96.51% of the REIT.
• Essex reported quarterly EPS of $4.08, exceeding the $1.46 consensus estimate, while revenue of $489.05 million also topped expectations. Management guided for third-quarter 2026 EPS of $3.93–$4.05 and full-year EPS of $16.03–$16.25.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $305.04, compared with the stock’s reported price of $283.41.

Perigon Wealth Management LLC bought a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 27,937 shares of the real estate investment trust's stock, valued at approximately $8,146,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new stake in Essex Property Trust during the fourth quarter valued at approximately $27,000. Generali Asset Management SPA SGR bought a new stake in Essex Property Trust in the fourth quarter valued at $29,000. Cassaday & Co Wealth Management LLC acquired a new position in Essex Property Trust during the first quarter worth $38,000. Western Wealth Management LLC acquired a new position in Essex Property Trust during the first quarter worth $44,000. Finally, Elevation Wealth Partners LLC lifted its holdings 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 valued at $47,000 after acquiring an additional 136 shares during the period. Institutional investors own 96.51% of the company's stock.

Essex Property Trust Price Performance

Shares of ESS stock opened at $283.41 on Tuesday. Essex Property Trust, Inc. has a 1 year low of $238.46 and a 1 year high of $303.35. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.22. The firm's 50 day moving average is $288.40 and its 200-day moving average is $268.72. The firm has a market capitalization of $18.21 billion, a price-to-earnings ratio of 44.08, a PEG ratio of 10.54 and a beta of 0.69.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 7.33% and a net margin of 21.48%.During the same quarter in the prior year, the business 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. Sell-side analysts forecast that Essex Property Trust, Inc. will post 16.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ESS has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Essex Property Trust to a "strong-buy" rating in a research report 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. Wells Fargo & Company boosted their target price on Essex Property Trust from $280.00 to $297.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 22nd. UBS Group set a $290.00 price target on Essex Property Trust in a research report on Thursday, June 18th. Finally, Sanford C. Bernstein began coverage on Essex Property Trust in a research report on Friday, June 26th. They issued an "outperform" rating and a $320.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $305.04.

Insider Activity

In related news, Director Mary Kasaris sold 600 shares of the firm'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 transaction, the director owned 2,394 shares in the company, valued at $669,003.30. This trade represents a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.47% of the stock is owned by company insiders.

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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