Commerce Bank Takes Position in Essex Property Trust, Inc. $ESS

Commerce Bank bought a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,532 shares of the real estate investment trust’s stock, valued at approximately $1,613,000.

Other large investors also recently added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC boosted its position in Essex Property Trust by 5.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 814 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 40 shares during the period. Norinchukin Bank The lifted its stake in shares of Essex Property Trust by 0.6% in the 3rd 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. Kestra Private Wealth Services LLC lifted its stake in shares of Essex Property Trust by 1.7% in the 1st 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 last quarter. EverSource Wealth Advisors LLC boosted its holdings in Essex Property Trust by 31.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 265 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 63 shares during the period. Finally, Valeo Financial Advisors LLC grew its position in Essex Property Trust by 3.7% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,034 shares of the real estate investment trust’s stock worth $532,000 after acquiring an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wall Street Zen cut Essex Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Barclays raised their target price on shares of Essex Property Trust from $296.00 to $297.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. Mizuho lifted their target price on shares of Essex Property Trust from $285.00 to $308.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. UBS Group set a $290.00 price target on shares of Essex Property Trust in a report on Thursday, June 18th. Finally, Citizens Jmp raised shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $330.00 price target for the company in a research report on Friday, July 31st. One 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 assigned a Sell rating to the stock. According to MarketBeat, Essex Property Trust presently has an average rating of “Moderate Buy” and a consensus target price of $304.79.

Essex Property Trust Trading Down 0.5%

NYSE ESS opened at $292.00 on Wednesday. The firm has a market capitalization of $18.77 billion, a PE ratio of 45.41, a P/E/G ratio of 10.74 and a beta of 0.69. The stock’s 50 day moving average is $289.20 and its 200 day moving average is $270.40. Essex Property Trust, Inc. has a twelve month low of $238.46 and a twelve month 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 issued its quarterly earnings results 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 net margin of 21.48% and a return on equity of 7.33%. The company had revenue of $489.05 million during the quarter, compared to analysts’ expectations of $485.12 million. During the same period last 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. Research analysts forecast that Essex Property Trust, Inc. will post 16.18 earnings per share for the current fiscal year.

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.