Van ECK Associates Corp Acquires 5,638 Shares of Essex Property Trust, Inc. $ESS

Van ECK Associates Corp increased its holdings in shares of Essex Property Trust, Inc. (NYSE:ESS) by 13.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,426 shares of the real estate investment trust’s stock after acquiring an additional 5,638 shares during the quarter. Van ECK Associates Corp owned approximately 0.07% of Essex Property Trust worth $13,537,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Nissay Asset Management Corp Japan boosted its holdings in shares of Essex Property Trust by 1.6% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 19,392 shares of the real estate investment trust’s stock worth $5,655,000 after buying an additional 305 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Essex Property Trust by 16.7% in the second quarter. Hsbc Holdings PLC now owns 255,953 shares of the real estate investment trust’s stock valued at $74,687,000 after acquiring an additional 36,570 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Essex Property Trust by 9.3% during the 2nd quarter. Wellington Management Group LLP now owns 330,332 shares of the real estate investment trust’s stock worth $96,322,000 after purchasing an additional 28,013 shares during the last quarter. Beacon Pointe Advisors LLC bought a new stake in shares of Essex Property Trust in the 2nd quarter worth approximately $1,184,000. Finally, Rakuten Investment Management Inc. purchased a new position in Essex Property Trust in the second quarter valued at approximately $3,114,000. 96.51% of the stock is currently owned by institutional investors.

Essex Property Trust Stock Down 0.3%

Shares of NYSE:ESS opened at $283.26 on Tuesday. The firm has a market capitalization of $18.21 billion, a PE ratio of 44.05, a price-to-earnings-growth ratio of 10.39 and a beta of 0.69. 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 52-week low of $238.46 and a 52-week high of $303.35. The firm has a fifty day moving average of $289.95 and a 200 day moving average of $271.16.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 EPS for the quarter, topping the consensus estimate of $1.46 by $2.62. The firm had revenue of $489.05 million for the quarter, compared to the consensus estimate of $485.12 million. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. During the same period last 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. As a group, research analysts anticipate that Essex Property Trust, Inc. will post 16.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ESS shares. Citigroup raised Essex Property Trust from a “buy” rating to an “outperform” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their target price on shares of Essex Property Trust from $275.00 to $295.00 and gave the stock an “underweight” rating in a research report on Friday, August 14th. Piper Sandler raised their price objective on shares of Essex Property Trust from $310.00 to $352.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Scotiabank boosted their target price on shares of Essex Property Trust from $290.00 to $307.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Finally, Wall Street Zen downgraded Essex Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, Essex Property Trust has an average rating of “Moderate Buy” and a consensus target price of $304.79.

Essex Property Trust 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.