Corient Private Wealth LP Takes Position in Essex Property Trust, Inc. $ESS

Corient Private Wealth LP acquired a new stake in Essex Property Trust, Inc. (NYSE:ESS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 66,698 shares of the real estate investment trust’s stock, valued at approximately $19,449,000. Corient Private Wealth LP owned approximately 0.10% of Essex Property Trust as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Nemes Rush Group LLC bought a new position in shares of Essex Property Trust during the 4th quarter valued at about $27,000. Generali Asset Management SPA SGR bought a new stake in Essex Property Trust during the 4th quarter worth approximately $29,000. Cassaday & Co Wealth Management LLC bought a new stake in Essex Property Trust during the 1st quarter worth approximately $38,000. Western Wealth Management LLC acquired a new stake in Essex Property Trust during the 1st quarter worth approximately $44,000. Finally, Elevation Wealth Partners LLC raised its holdings in Essex Property Trust by 523.1% during 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 period. 96.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ESS has been the subject of several research analyst reports. Raymond James Financial upgraded shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 price target for the company in a report on Friday, June 26th. Sanford C. Bernstein assumed coverage on shares of Essex Property Trust in a research report on Friday, June 26th. They issued an “outperform” rating and a $320.00 price objective on the stock. Citizens Jmp raised shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $330.00 target price for the company in a research note on Friday, July 31st. Barclays upped their target price on shares of Essex Property Trust from $296.00 to $297.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft set a $325.00 target price on Essex Property Trust in a report on Tuesday, August 18th. One research 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 issued a Sell rating to the company. According to MarketBeat, Essex Property Trust currently has a consensus rating of “Moderate Buy” and an average target price of $304.79.

Essex Property Trust Stock Performance

Shares of 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 firm has a fifty day simple moving average of $289.82 and a 200 day simple moving average of $270.92. The stock has a market capitalization of $18.28 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 10.27 and a beta of 0.69. 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 (NYSE:ESS) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $485.12 million. 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. Research analysts forecast that Essex Property Trust, Inc. will post 16.18 EPS 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.