Kinloch Capital LLC Acquires Shares of 17,472 Essex Property Trust, Inc. $ESS

Kinloch Capital LLC bought a new stake in Essex Property Trust, Inc. (NYSE:ESS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,472 shares of the real estate investment trust’s stock, valued at approximately $5,095,000. Essex Property Trust accounts for 1.9% of Kinloch Capital LLC’s investment portfolio, making the stock its 15th biggest holding.

Several other institutional investors have also modified their holdings of the stock. Nemes Rush Group LLC purchased a new stake in shares of Essex Property Trust during the fourth quarter worth about $27,000. Generali Asset Management SPA SGR purchased a new position in Essex Property Trust in the 4th quarter valued at about $29,000. Cassaday & Co Wealth Management LLC purchased a new position in Essex Property Trust in the 1st quarter valued at about $38,000. Western Wealth Management LLC acquired a new stake in Essex Property Trust in the 1st quarter worth about $44,000. Finally, Elevation Wealth Partners LLC boosted its holdings in Essex Property Trust by 523.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 162 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 136 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Essex Property Trust Trading Up 1.6%

Shares of ESS stock opened at $293.62 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.22. Essex Property Trust, Inc. has a twelve month low of $238.46 and a twelve month high of $303.35. The company’s 50-day moving average price is $288.97 and its 200-day moving average price is $270.12. The stock has a market cap of $18.87 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 10.57 and a beta of 0.69.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $2.62. The company had revenue of $489.05 million for the quarter, compared to the consensus estimate 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 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. As a group, equities analysts predict that Essex Property Trust, Inc. will post 16.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ESS. Citigroup raised Essex Property Trust from a “buy” rating to an “outperform” rating in a report on Friday, July 31st. Weiss Ratings upgraded Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Piper Sandler increased their price objective 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. Mizuho raised their price objective on Essex Property Trust from $285.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Finally, Wells Fargo & Company upped their target price on shares of Essex Property Trust from $280.00 to $297.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $304.79.

Insider Activity at Essex Property Trust

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 transaction, the director directly owned 2,394 shares in the company, valued at approximately $669,003.30. This represents a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.47% of the company’s stock.

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.