Sanctuary Advisors LLC Purchases New Holdings in Essex Property Trust, Inc. $ESS

Key Points

• Sanctuary Advisors LLC acquired 8,313 shares of Essex Property Trust during the second quarter, valued at approximately $2.4 million. Institutional investors collectively own 96.51% of the REIT’s stock.
• Essex reported quarterly EPS of $4.08, beating consensus estimates of $1.46, while revenue reached $489.05 million versus expectations of $485.12 million. The company issued third-quarter 2026 EPS guidance of $3.93–$4.05 and full-year guidance of $16.03–$16.25.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $304.79, compared with shares trading near $292.00.

Sanctuary Advisors LLC acquired a new position in Essex Property Trust, Inc. (NYSE:ESS - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,313 shares of the real estate investment trust's stock, valued at approximately $2,424,000.

A number of other large investors also recently bought and sold shares of the business. Nemes Rush Group LLC bought a new stake in shares of Essex Property Trust in the fourth quarter valued at about $27,000. Generali Asset Management SPA SGR bought a new position in Essex Property Trust in the fourth quarter worth about $29,000. Cassaday & Co Wealth Management LLC bought a new position in Essex Property Trust in the first quarter worth about $38,000. Western Wealth Management LLC purchased a new stake in shares of Essex Property Trust during the first quarter valued at about $44,000. Finally, Elevation Wealth Partners LLC lifted its position 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 buying an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Essex Property Trust Stock Down 0.5%

Shares of ESS stock opened at $292.00 on Wednesday. The stock has a 50 day moving average of $289.20 and a 200 day moving average of $270.40. 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 stock has a market cap of $18.77 billion, a P/E ratio of 45.41, a P/E/G ratio of 10.74 and a beta of 0.69. Essex Property Trust, Inc. has a twelve month low of $238.46 and a twelve month high of $303.35.

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 return on equity of 7.33% and a net margin of 21.48%.During the same quarter 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. As a group, sell-side analysts expect that Essex Property Trust, Inc. will post 16.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Weiss Ratings raised shares of Essex Property Trust from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 18th. JPMorgan Chase & Co. boosted their target price on Essex Property Trust from $275.00 to $295.00 and gave the stock an "underweight" rating in a research note on Friday, August 14th. Jefferies Financial Group raised Essex Property Trust to a "strong-buy" rating in a research report on Wednesday, July 22nd. Piper Sandler increased their price target on Essex Property Trust from $310.00 to $352.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Finally, Morgan Stanley raised their price target on Essex Property Trust from $293.00 to $302.00 and gave the stock an "equal weight" rating in a report on Thursday, June 25th. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently 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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