Wellington Management Group LLP Has $96.32 Million Holdings in Essex Property Trust, Inc. $ESS

Key Points

• Wellington Management increased its Essex Property Trust stake by 9.3% in the second quarter, adding 28,013 shares to own 330,332 shares valued at approximately $96.32 million. Institutional investors collectively hold 96.51% of ESS shares.
• Analyst sentiment remains favorable, with Essex carrying a consensus “Moderate Buy” rating and an average price target of $304.79; several firms recently upgraded the stock or raised their targets.
• Essex reported quarterly EPS of $4.08, exceeding the $1.46 consensus estimate, while revenue reached $489.05 million. Shares opened at $279.01, within a one-year range of $238.46 to $303.35.

Wellington Management Group LLP lifted its position in Essex Property Trust, Inc. (NYSE:ESS - Free Report) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 330,332 shares of the real estate investment trust's stock after acquiring an additional 28,013 shares during the quarter. Wellington Management Group LLP owned approximately 0.51% of Essex Property Trust worth $96,322,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new stake in Essex Property Trust during the 4th quarter valued at $27,000. Generali Asset Management SPA SGR acquired a new stake in shares of Essex Property Trust in the fourth quarter worth $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Essex Property Trust in the first quarter worth $38,000. Western Wealth Management LLC acquired a new position in Essex Property Trust during the first quarter valued at $44,000. Finally, Elevation Wealth Partners LLC raised its position in 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 period. Institutional investors and hedge funds own 96.51% of the company's stock.

Analyst Ratings Changes

ESS has been the subject of a number of research reports. Citigroup upgraded Essex Property Trust from a "buy" rating to an "outperform" rating in a research report on Friday, July 31st. Barclays upped their target price on Essex Property Trust from $296.00 to $297.00 and gave the company an "equal weight" rating in a report on Monday, August 17th. Mizuho raised their price target on shares of Essex Property Trust from $285.00 to $308.00 and gave the stock an "outperform" rating in a report on Wednesday, June 10th. 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. Finally, Raymond James Financial upgraded shares of Essex Property Trust from a "market perform" rating to an "outperform" rating and set a $320.00 price objective on the stock in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $304.79.

Essex Property Trust Stock Performance

Shares of NYSE ESS opened at $279.01 on Wednesday. The business's 50-day moving average price is $289.94 and its two-hundred day moving average price is $271.28. 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, Inc. has a one year low of $238.46 and a one year high of $303.35. The company has a market capitalization of $17.93 billion, a P/E ratio of 43.39, a price-to-earnings-growth ratio of 10.35 and a beta of 0.69.

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. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.The company had revenue of $489.05 million for the quarter, compared to analyst estimates of $485.12 million. 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. Analysts anticipate that Essex Property Trust, Inc. will post 16.18 earnings per share for the current fiscal year.

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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