Public Employees Retirement System of Ohio Acquires Shares of 93,006 Essex Property Trust, Inc. $ESS

Key Points

• Public Employees Retirement System of Ohio acquired 93,006 shares of Essex Property Trust, valued at approximately $27.1 million, giving it a 0.14% stake. Institutional investors collectively own 96.51% of the REIT.
• Essex reported quarterly earnings of $4.08 per share, exceeding analyst expectations of $1.46, while revenue reached $489.05 million. Management guided for third-quarter 2026 EPS of $3.93–$4.05 and full-year EPS of $16.03–$16.25.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of $304.79; shares recently opened at $284.49.

Public Employees Retirement System of Ohio bought a new position in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 93,006 shares of the real estate investment trust's stock, valued at approximately $27,120,000. Public Employees Retirement System of Ohio owned approximately 0.14% of Essex Property Trust at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ESS. Dorsey & Whitney Trust CO LLC grew its stake in Essex Property Trust by 5.2% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 814 shares of the real estate investment trust's stock valued at $213,000 after buying an additional 40 shares in the last quarter. Norinchukin Bank The boosted its stake in shares of Essex Property Trust by 0.6% during the 3rd quarter. Norinchukin Bank The now owns 6,957 shares of the real estate investment trust's stock valued at $1,862,000 after purchasing an additional 44 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in Essex Property Trust by 1.7% in the first quarter. Kestra Private Wealth Services LLC now owns 3,047 shares of the real estate investment trust's stock worth $737,000 after purchasing an additional 50 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Essex Property Trust by 31.2% during the first quarter. EverSource Wealth Advisors LLC now owns 265 shares of the real estate investment trust's stock valued at $64,000 after purchasing an additional 63 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in Essex Property Trust by 3.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 2,034 shares of the real estate investment trust's stock worth $532,000 after purchasing an additional 72 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Essex Property Trust Stock Performance

Shares of NYSE ESS opened at $284.49 on Friday. Essex Property Trust, Inc. has a 12 month low of $238.46 and a 12 month high of $303.35. The company has a 50-day simple moving average of $289.82 and a 200-day simple moving average of $270.92. The company has a market cap of $18.28 billion, a PE ratio of 44.24, a price-to-earnings-growth ratio of 10.27 and a beta of 0.69. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.60.

Essex Property Trust (NYSE:ESS - Get Free Report) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, topping the consensus estimate of $1.46 by $2.62. The company had revenue of $489.05 million during 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 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 analysts anticipate that Essex Property Trust, Inc. will post 16.18 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Essex Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Scotiabank boosted their price target on Essex Property Trust from $290.00 to $307.00 and gave the company an "outperform" rating in a report on Thursday, July 9th. JPMorgan Chase & Co. boosted their price target on Essex Property Trust from $275.00 to $295.00 and gave the company an "underweight" rating in a research note on Friday, August 14th. Mizuho upped their price objective on Essex Property Trust from $285.00 to $308.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 10th. Finally, Barclays lifted their price objective on Essex Property Trust from $296.00 to $297.00 and gave the stock an "equal weight" rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Essex Property Trust has an average rating of "Moderate Buy" and an average 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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