Mitsubishi UFJ Asset Management Co. Ltd. Makes New $65.99 Million Investment in Essex Property Trust, Inc. $ESS

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Essex Property Trust, Inc. (NYSE:ESS) during the second quarter, HoldingsChannel.com reports. The firm purchased 226,319 shares of the real estate investment trust’s stock, valued at approximately $65,992,000.

Several other institutional investors also recently made changes to their positions in the stock. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Essex Property Trust by 5.2% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 814 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 40 shares during the last quarter. Segment Wealth Management LLC boosted its holdings in Essex Property Trust by 5.1% in the fourth quarter. Segment Wealth Management LLC now owns 913 shares of the real estate investment trust’s stock valued at $239,000 after acquiring an additional 44 shares during the last quarter. Norinchukin Bank The boosted its holdings in Essex Property Trust by 0.6% in the third quarter. Norinchukin Bank The now owns 6,957 shares of the real estate investment trust’s stock valued at $1,862,000 after acquiring an additional 44 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in Essex Property Trust by 2.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,537 shares of the real estate investment trust’s stock valued at $664,000 after acquiring an additional 50 shares during the period. Finally, Kestra Private Wealth Services LLC grew its position in Essex Property Trust by 1.7% during the first quarter. Kestra Private Wealth Services LLC now owns 3,047 shares of the real estate investment trust’s stock valued at $737,000 after acquiring an additional 50 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ESS. Evercore restated an “outperform” rating and issued a $303.00 price objective on shares of Essex Property Trust in a report on Thursday, July 30th. UBS Group set a $290.00 target price on Essex Property Trust in a report on Thursday, June 18th. Piper Sandler increased their target price on shares of Essex Property Trust from $310.00 to $352.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Barclays raised their price target on shares of Essex Property Trust from $296.00 to $297.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Cantor Fitzgerald lifted their price target on shares of Essex Property Trust from $291.00 to $316.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $304.79.

Insider Buying and Selling

In related news, Director Mary Kasaris sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total transaction of $167,670.00. Following the transaction, the director directly owned 2,394 shares of the company’s stock, valued at approximately $669,003.30. The trade was a 20.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.47% of the company’s stock.

Essex Property Trust Trading Up 1.2%

NYSE:ESS opened at $287.22 on Thursday. The business’s 50-day moving average is $288.45 and its two-hundred day moving average is $269.25. The firm has a market capitalization of $18.46 billion, a PE ratio of 44.67, a price-to-earnings-growth ratio of 10.38 and a beta of 0.69. Essex Property Trust, Inc. has a 12 month low of $238.46 and a 12 month 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.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, topping the consensus estimate 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 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. Research analysts predict that Essex Property Trust, Inc. will post 16.17 earnings per share for the current fiscal 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.