Osterweis Capital Management Inc. Makes New Investment in Essex Property Trust, Inc. $ESS

Osterweis Capital Management Inc. bought a new stake in Essex Property Trust, Inc. (NYSE:ESS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,000 shares of the real estate investment trust’s stock, valued at approximately $1,166,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Woodline Partners LP bought a new stake in shares of Essex Property Trust in the 1st quarter worth approximately $1,664,000. Focus Partners Wealth bought a new position in Essex Property Trust during the first quarter valued at $223,000. EverSource Wealth Advisors LLC grew its holdings in Essex Property Trust by 70.1% during the second quarter. EverSource Wealth Advisors LLC now owns 279 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 115 shares during the period. First Trust Advisors LP increased its position in Essex Property Trust by 186.2% in the second quarter. First Trust Advisors LP now owns 33,614 shares of the real estate investment trust’s stock worth $9,526,000 after buying an additional 21,871 shares during the last quarter. Finally, Bank of Nova Scotia increased its position in Essex Property Trust by 10.9% in the second quarter. Bank of Nova Scotia now owns 8,274 shares of the real estate investment trust’s stock worth $2,345,000 after buying an additional 811 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company boosted their target price 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. Wall Street Zen lowered Essex Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Mizuho upped their price objective on shares of Essex Property Trust from $285.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Cantor Fitzgerald increased their target price on shares of Essex Property Trust from $291.00 to $316.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Finally, Truist Financial lifted their target price on shares of Essex Property Trust from $273.00 to $286.00 and gave the stock a “hold” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $304.79.

Essex Property Trust Trading Down 0.5%

NYSE:ESS opened at $292.00 on Wednesday. Essex Property Trust, Inc. has a 1 year low of $238.46 and a 1 year high of $303.35. The stock’s fifty day moving average price is $289.20 and its two-hundred day moving average price is $270.40. 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 company has a market cap of $18.77 billion, a P/E ratio of 45.41, a P/E/G ratio of 10.74 and a beta of 0.69.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share 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 during the quarter, compared to analysts’ expectations of $485.12 million. During the same period in the previous year, the business earned $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, analysts expect that Essex Property Trust, Inc. will post 16.18 EPS for the current year.

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.