Sanctuary Advisors LLC Makes New Investment in Essex Property Trust, Inc. $ESS

Sanctuary Advisors LLC acquired a new stake in Essex Property Trust, Inc. (NYSE:ESS) in the second quarter, Holdings Channel.com reports. The fund acquired 8,313 shares of the real estate investment trust’s stock, valued at approximately $2,424,000.

A number of other institutional investors have also modified their holdings of the company. Nemes Rush Group LLC purchased a new position in Essex Property Trust during the 4th quarter valued at about $27,000. Generali Asset Management SPA SGR acquired a new position in Essex Property Trust in the 4th quarter valued at about $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in Essex Property Trust during the first quarter worth about $38,000. Western Wealth Management LLC purchased a new stake in Essex Property Trust during the first quarter worth about $44,000. Finally, Elevation Wealth Partners LLC lifted its position in shares of Essex Property Trust by 523.1% during the second quarter. Elevation Wealth Partners LLC now owns 162 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 136 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Essex Property Trust Price Performance

ESS stock opened at $292.00 on Wednesday. The business has a 50 day moving average price of $289.20 and a 200 day moving average price of $270.40. The stock has a market cap of $18.77 billion, a price-to-earnings ratio of 45.41, a PEG ratio of 10.74 and a beta of 0.69. Essex Property Trust, Inc. has a fifty-two week low of $238.46 and a fifty-two week high of $303.35. 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 announced its quarterly earnings results 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 net margin of 21.48% and a return on equity of 7.33%. 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 prior year, the firm posted $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 fiscal year.

Analyst Ratings Changes

ESS has been the subject of several recent research reports. Citigroup raised shares of Essex Property Trust from a “buy” rating to an “outperform” rating in a research note on Friday, July 31st. Royal Bank Of Canada increased their target price on shares of Essex Property Trust from $306.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Mizuho raised their price target on shares of Essex Property Trust from $285.00 to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. boosted their price target on shares of Essex Property Trust from $275.00 to $295.00 and gave the stock an “underweight” rating in a research note on Friday, August 14th. Finally, Sanford C. Bernstein began coverage on Essex Property Trust in a research report on Friday, June 26th. They set an “outperform” rating and a $320.00 price objective on the stock. 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.79.

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.