Danske Bank A S Buys Shares of 47,256 Essex Property Trust, Inc. $ESS

Danske Bank A S purchased a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 47,256 shares of the real estate investment trust’s stock, valued at approximately $13,779,000.

Other institutional investors have also modified their holdings of the company. Nemes Rush Group LLC acquired a new stake in shares of Essex Property Trust in the 4th quarter worth about $27,000. Generali Asset Management SPA SGR acquired a new position in Essex Property Trust during the 4th quarter valued at about $29,000. Cassaday & Co Wealth Management LLC acquired a new position in Essex Property Trust during the 1st quarter valued at about $38,000. Western Wealth Management LLC bought a new position in Essex Property Trust in the 1st quarter worth about $44,000. Finally, Elevation Wealth Partners LLC grew its position in Essex Property Trust by 523.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 162 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mary Kasaris sold 600 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total transaction of $167,670.00. Following the completion of the transaction, the director owned 2,394 shares of the company’s stock, valued at $669,003.30. This trade represents a 20.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.47% of the stock is owned by corporate insiders.

Essex Property Trust Price Performance

Shares of NYSE:ESS opened at $288.17 on Friday. The stock’s 50 day moving average price is $288.60 and its 200 day moving average price is $269.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $18.52 billion, a price-to-earnings ratio of 44.82, a PEG ratio of 10.51 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.

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 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 for the quarter, compared to analysts’ expectations of $485.12 million. During the same period last 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. Equities research analysts anticipate that Essex Property Trust, Inc. will post 16.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ESS shares. Citigroup raised Essex Property Trust from a “buy” rating to an “outperform” rating in a report on Friday, July 31st. UBS Group set a $290.00 price objective on Essex Property Trust in a report on Thursday, June 18th. JPMorgan Chase & Co. raised their target price on Essex Property Trust from $275.00 to $295.00 and gave the company an “underweight” rating in a research report on Friday, August 14th. Jefferies Financial Group raised Essex Property Trust to a “strong-buy” rating in a research note on Wednesday, July 22nd. Finally, Mizuho boosted their price target on Essex Property Trust from $285.00 to $308.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $304.79.

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.