United Capital Financial Advisors LLC Acquires Shares of 2,953 Essex Property Trust, Inc. $ESS

United Capital Financial Advisors LLC purchased a new stake in Essex Property Trust, Inc. (NYSE:ESS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,953 shares of the real estate investment trust’s stock, valued at approximately $861,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESS. Woodline Partners LP bought a new stake in Essex Property Trust during the first quarter worth $1,664,000. Focus Partners Wealth purchased a new stake in shares of Essex Property Trust during the first quarter valued at approximately $223,000. EverSource Wealth Advisors LLC lifted its holdings in Essex Property Trust by 70.1% during the second quarter. EverSource Wealth Advisors LLC now owns 279 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 115 shares during the period. First Trust Advisors LP boosted its position in Essex Property Trust by 186.2% in the second quarter. First Trust Advisors LP now owns 33,614 shares of the real estate investment trust’s stock worth $9,526,000 after purchasing an additional 21,871 shares during the last quarter. Finally, Bank of Nova Scotia boosted its position in Essex Property Trust by 10.9% in the second quarter. Bank of Nova Scotia now owns 8,274 shares of the real estate investment trust’s stock worth $2,345,000 after purchasing an additional 811 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ESS has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Essex Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Barclays lifted their price objective on shares of Essex Property Trust from $296.00 to $297.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft set a $325.00 target price on shares of Essex Property Trust in a research note on Tuesday, August 18th. Truist Financial raised their price target on shares of Essex Property Trust from $273.00 to $286.00 and gave the stock a “hold” rating in a research note on Wednesday, May 27th. Finally, UBS Group set a $290.00 price target on shares of Essex Property Trust in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $304.79.

Essex Property Trust Price Performance

Essex Property Trust stock opened at $284.49 on Monday. The firm has a market capitalization of $18.28 billion, a P/E ratio of 44.24, a PEG ratio of 10.39 and a beta of 0.69. Essex Property Trust, Inc. has a one year low of $238.46 and a one year high of $303.35. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.60. The business has a fifty day moving average price of $289.82 and a 200-day moving average price of $271.01.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the company 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. As a group, equities research analysts forecast that Essex Property Trust, Inc. will post 16.18 EPS 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.