3,959 Shares in Essex Property Trust, Inc. $ESS Acquired by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC acquired a new stake in Essex Property Trust, Inc. (NYSE:ESS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,959 shares of the real estate investment trust’s stock, valued at approximately $1,155,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Essex Property Trust in the 2nd quarter valued at $2,166,555,000. Geode Capital Management LLC boosted its holdings in shares of Essex Property Trust by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,873,698 shares of the real estate investment trust’s stock valued at $488,601,000 after acquiring an additional 22,835 shares in the last quarter. Principal Financial Group Inc. grew its position in Essex Property Trust by 21.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock worth $439,520,000 after acquiring an additional 301,349 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Essex Property Trust by 9.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,157,617 shares of the real estate investment trust’s stock worth $309,848,000 after acquiring an additional 100,730 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Essex Property Trust by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 995,810 shares of the real estate investment trust’s stock worth $240,989,000 after purchasing an additional 57,173 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Piper Sandler increased their target price on Essex Property Trust from $310.00 to $352.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Sanford C. Bernstein began coverage on Essex Property Trust in a report on Friday, June 26th. They set an “outperform” rating and a $320.00 price target on the stock. Wells Fargo & Company upped their price objective on Essex Property Trust from $280.00 to $297.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. UBS Group set a $290.00 price objective on shares of Essex Property Trust in a report on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $330.00 target price on shares of Essex Property Trust in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Essex Property Trust currently has an average rating of “Moderate Buy” and an average target price of $305.04.

Insider Activity

In related news, Director Mary Kasaris sold 600 shares of Essex Property Trust stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total value of $167,670.00. Following the transaction, the director directly owned 2,394 shares of the company’s stock, valued at $669,003.30. The trade was a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.47% of the stock is owned by company insiders.

Essex Property Trust Stock Performance

NYSE ESS opened at $283.41 on Tuesday. The company has a market capitalization of $18.21 billion, a price-to-earnings ratio of 44.08, a PEG ratio of 10.54 and a beta of 0.69. 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, Inc. has a twelve month low of $238.46 and a twelve month high of $303.35. The stock has a fifty day simple moving average of $288.40 and a 200 day simple moving average of $268.72.

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, 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 firm had revenue of $489.05 million for the quarter, compared to the consensus estimate of $485.12 million. During the same period in the previous year, the business earned $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. Sell-side analysts expect that Essex Property Trust, Inc. will post 16.15 EPS for the current 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.