Aew Capital Management L P Raises Position in Essex Property Trust, Inc. $ESS

Aew Capital Management L P boosted its stake in Essex Property Trust, Inc. (NYSE:ESS) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,781 shares of the real estate investment trust’s stock after buying an additional 990 shares during the period. Aew Capital Management L P owned 0.09% of Essex Property Trust worth $18,634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. APG Asset Management US Inc. lifted its holdings in Essex Property Trust by 41.6% in the first quarter. APG Asset Management US Inc. now owns 117,251 shares of the real estate investment trust’s stock worth $35,821,000 after buying an additional 34,438 shares during the period. Kestra Advisory Services LLC lifted its holdings in Essex Property Trust by 16.6% in the first quarter. Kestra Advisory Services LLC now owns 3,444 shares of the real estate investment trust’s stock worth $1,056,000 after buying an additional 490 shares during the period. Allstate Corp lifted its holdings in Essex Property Trust by 170.0% in the first quarter. Allstate Corp now owns 11,701 shares of the real estate investment trust’s stock worth $3,587,000 after buying an additional 7,368 shares during the period. Ameriprise Financial Inc. lifted its holdings in Essex Property Trust by 6.6% in the first quarter. Ameriprise Financial Inc. now owns 854,606 shares of the real estate investment trust’s stock worth $261,205,000 after buying an additional 52,793 shares during the period. Finally, Norinchukin Bank The lifted its holdings in Essex Property Trust by 10.1% in the first quarter. Norinchukin Bank The now owns 6,354 shares of the real estate investment trust’s stock worth $1,948,000 after buying an additional 582 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Essex Property Trust Trading Up 1.4%

NYSE:ESS opened at $266.56 on Friday. The company’s 50 day moving average price is $275.97 and its 200-day moving average price is $283.40. Essex Property Trust, Inc. has a 52 week low of $243.85 and a 52 week high of $317.73. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. The stock has a market cap of $17.17 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 6.75 and a beta of 0.80.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.99 by $0.04. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. The firm had revenue of $465.84 million for the quarter, compared to analysts’ expectations of $466.47 million. During the same quarter in the prior year, the company posted $3.94 earnings per share. Essex Property Trust has set its Q3 2025 guidance at 3.890-3.990 EPS. FY 2025 guidance at 15.800-16.020 EPS. On average, equities research analysts forecast that Essex Property Trust, Inc. will post 15.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ESS has been the subject of several research analyst reports. Truist Financial lowered their price objective on shares of Essex Property Trust from $295.00 to $283.00 and set a “hold” rating for the company in a report on Tuesday, August 12th. Piper Sandler lowered shares of Essex Property Trust from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $355.00 to $275.00 in a report on Monday, August 4th. Stifel Nicolaus raised their target price on shares of Essex Property Trust from $301.50 to $305.50 and gave the company a “hold” rating in a research note on Wednesday, July 30th. BMO Capital Markets raised their target price on shares of Essex Property Trust from $315.00 to $317.00 and gave the company an “outperform” rating in a research note on Wednesday, May 28th. Finally, Raymond James Financial raised shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $315.00 target price for the company in a research note on Tuesday, June 24th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $302.86.

Essex Property Trust Profile

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.