OMERS ADMINISTRATION Corp Acquires New Position in Essex Property Trust, Inc. $ESS

OMERS ADMINISTRATION Corp bought a new position in Essex Property Trust, Inc. (NYSE:ESS) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,383 shares of the real estate investment trust’s stock, valued at approximately $986,000.

Other large investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in shares of Essex Property Trust in the second quarter worth $2,424,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Essex Property Trust during the 2nd quarter valued at $1,169,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in Essex Property Trust in the 2nd quarter worth $10,668,000. LM Advisors LLC bought a new position in Essex Property Trust in the 2nd quarter worth $1,723,000. Finally, Bank of Nova Scotia purchased a new stake in Essex Property Trust in the 2nd quarter worth $3,148,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ESS. Cantor Fitzgerald raised their price target on Essex Property Trust from $291.00 to $316.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Morgan Stanley upped their price objective on Essex Property Trust from $293.00 to $302.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Raymond James Financial upgraded Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 target price for the company in a research report on Friday, June 26th. Royal Bank Of Canada lifted their target price on Essex Property Trust from $306.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Scotiabank boosted their price target on Essex Property Trust from $290.00 to $307.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $304.79.

Essex Property Trust Price Performance

ESS stock opened at $280.86 on Friday. 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 12 month low of $238.46 and a 12 month high of $303.35. The stock has a market cap of $18.05 billion, a PE ratio of 43.68, a P/E/G ratio of 10.54 and a beta of 0.69. The company has a 50-day moving average price of $289.61 and a 200 day moving average price of $270.82.

Essex Property Trust (NYSE:ESS) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $2.62. The business had revenue of $489.05 million during 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 previous year, the business 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. Equities research analysts anticipate that Essex Property Trust, Inc. will post 16.18 earnings per share for the current year.

Essex Property Trust Company Profile

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.