LM Advisors LLC Invests $1.72 Million in Essex Property Trust, Inc. $ESS

LM Advisors LLC bought a new position in shares of Essex Property Trust, Inc. (NYSE:ESS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,843 shares of the real estate investment trust’s stock, valued at approximately $1,723,000.

Several other institutional investors also recently bought and sold shares of ESS. Nomura Asset Management Co. Ltd. boosted its holdings in Essex Property Trust by 2.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 255,533 shares of the real estate investment trust’s stock worth $66,868,000 after buying an additional 6,422 shares in the last quarter. Norges Bank purchased a new position in Essex Property Trust in the fourth quarter valued at $230,690,000. Centersquare Investment Management LLC increased its holdings in Essex Property Trust by 6.0% in the fourth quarter. Centersquare Investment Management LLC now owns 548,017 shares of the real estate investment trust’s stock valued at $143,405,000 after buying an additional 31,261 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Essex Property Trust by 29.3% in the fourth quarter. BNP Paribas Financial Markets now owns 160,122 shares of the real estate investment trust’s stock worth $41,901,000 after acquiring an additional 36,293 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Essex Property Trust by 21.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock worth $439,520,000 after acquiring an additional 301,349 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Essex Property Trust Stock Up 0.5%

Shares of NYSE ESS opened at $289.26 on Friday. The company’s 50-day simple moving average is $288.72 and its 200-day simple moving average is $269.65. Essex Property Trust, Inc. has a 52-week low of $238.46 and a 52-week high of $303.35. The firm has a market cap of $18.59 billion, a price-to-earnings ratio of 44.99, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.22.

Essex Property Trust (NYSE:ESS) last released its quarterly 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 firm had revenue of $489.05 million during 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 quarter in the prior year, the firm earned $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. Equities analysts predict that Essex Property Trust, Inc. will post 16.18 EPS for the current fiscal year.

Analysts Set New Price Targets

ESS has been the topic of a number of analyst reports. Citizens Jmp upgraded Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $330.00 target price on the stock in a research report on Friday, July 31st. Citigroup raised Essex Property Trust from a “buy” rating to an “outperform” rating in a report on Friday, July 31st. Mizuho increased their price target 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. Wells Fargo & Company increased their price target on Essex Property Trust from $280.00 to $297.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Finally, Truist Financial raised their price objective on Essex Property Trust from $273.00 to $286.00 and gave the company a “hold” rating in a report on Wednesday, May 27th. One investment 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 given a Sell rating to the stock. According to data from MarketBeat, Essex Property Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.79.

Insider Buying and Selling

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the business’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 transaction of $167,670.00. Following the completion of the sale, the director directly owned 2,394 shares in the company, valued at approximately $669,003.30. The trade was a 20.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.