Texas Capital Bank Wealth Management Services Inc Buys Shares of 1,803 Essex Property Trust, Inc. $ESS

Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,803 shares of the real estate investment trust’s stock, valued at approximately $526,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ESS. BlackRock Inc. bought a new stake in shares of Essex Property Trust in the second quarter worth $2,166,555,000. Norges Bank bought a new position in Essex Property Trust in the fourth quarter valued at about $230,690,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Essex Property Trust by 973.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 743,954 shares of the real estate investment trust’s stock worth $199,127,000 after purchasing an additional 674,617 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Essex Property Trust in the second quarter worth about $135,837,000. Finally, Principal Financial Group Inc. boosted its position in Essex Property Trust by 21.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock worth $439,520,000 after purchasing an additional 301,349 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ESS has been the subject of several research reports. Jefferies Financial Group raised shares of Essex Property Trust to a “strong-buy” rating in a research report on Wednesday, July 22nd. Citigroup raised shares of Essex Property Trust from a “buy” rating to an “outperform” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $330.00 target price on shares of Essex Property Trust in a research report on Monday, July 20th. JPMorgan Chase & Co. upped their target price on shares of Essex Property Trust from $275.00 to $295.00 and gave the company an “underweight” rating in a report on Friday. Finally, Morgan Stanley increased their price target on shares of Essex Property Trust from $293.00 to $302.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $305.04.

Insider Buying and Selling

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total transaction of $167,670.00. Following the sale, the director owned 2,394 shares in the company, valued at approximately $669,003.30. This trade represents a 20.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.47% of the company’s stock.

Essex Property Trust Stock Performance

Shares of ESS opened at $283.41 on Tuesday. The business has a 50-day simple moving average of $288.40 and a two-hundred day simple moving average of $268.72. 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 52 week low of $238.46 and a 52 week high of $303.35. The stock has a market cap of $18.21 billion, a price-to-earnings ratio of 44.08, a PEG ratio of 10.54 and a beta of 0.69.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $2.62. The firm had revenue of $489.05 million for the quarter, compared to analysts’ expectations of $485.12 million. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.During the same period in the previous year, the firm 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. On average, analysts expect that Essex Property Trust, Inc. will post 16.15 EPS for the current 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.