Jefferies Financial Group Inc. Makes New $2.89 Million Investment in Essex Property Trust, Inc. $ESS

Jefferies Financial Group Inc. purchased a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,909 shares of the real estate investment trust’s stock, valued at approximately $2,889,000.

Other hedge funds have also recently made changes to their positions in the company. Nemes Rush Group LLC bought a new position in shares of Essex Property Trust during the 4th quarter valued at $27,000. Generali Asset Management SPA SGR bought a new position in shares of Essex Property Trust during the fourth quarter valued at about $29,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Essex Property Trust in the first quarter worth about $38,000. Western Wealth Management LLC purchased a new position in shares of Essex Property Trust in the first quarter worth about $44,000. Finally, Elevation Wealth Partners LLC lifted its stake in shares of Essex Property Trust by 523.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 162 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 136 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Essex Property Trust Price Performance

Shares of ESS stock opened at $284.49 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.60 and a current ratio of 0.60. Essex Property Trust, Inc. has a fifty-two week low of $238.46 and a fifty-two week high of $303.35. The firm has a market cap of $18.28 billion, a P/E ratio of 44.24, a P/E/G ratio of 10.27 and a beta of 0.69. The business’s 50 day moving average price is $289.82 and its 200-day moving average price is $270.92.

Essex Property Trust (NYSE:ESS) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 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 during the quarter, compared to the consensus estimate of $485.12 million. During the same quarter in the prior year, the company 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. On average, equities research analysts anticipate that Essex Property Trust, Inc. will post 16.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ESS shares. Mizuho raised 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. Barclays increased their price objective on Essex Property Trust from $296.00 to $297.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. Sanford C. Bernstein initiated coverage on shares of Essex Property Trust in a research note on Friday, June 26th. They issued an “outperform” rating and a $320.00 target price on the stock. Stifel Nicolaus set a $292.75 price target on shares of Essex Property Trust in a report on Thursday, July 30th. Finally, Royal Bank Of Canada increased their price target on shares of Essex Property Trust from $306.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.