Rakuten Investment Management Inc. Buys New Shares in Essex Property Trust, Inc. $ESS

Rakuten Investment Management Inc. bought a new position in shares of Essex Property Trust, Inc. (NYSE:ESS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,523 shares of the real estate investment trust’s stock, valued at approximately $3,114,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ESS. Nemes Rush Group LLC acquired a new stake in Essex Property Trust in the fourth quarter valued at $27,000. Generali Asset Management SPA SGR acquired a new position in shares of Essex Property Trust during the 4th quarter worth about $29,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Essex Property Trust during the 1st quarter worth about $38,000. Western Wealth Management LLC bought a new stake in shares of Essex Property Trust in the 1st quarter valued at about $44,000. Finally, Elevation Wealth Partners LLC raised its holdings in shares of 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 valued at $47,000 after purchasing an additional 136 shares during the period. 96.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Cantor Fitzgerald raised their target price on shares of Essex Property Trust from $291.00 to $316.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Sanford C. Bernstein assumed coverage on Essex Property Trust in a research report on Friday, June 26th. They set an “outperform” rating and a $320.00 price target on the stock. Jefferies Financial Group upgraded Essex Property Trust to a “strong-buy” rating in a research note on Wednesday, July 22nd. Mizuho raised their price objective on Essex Property Trust from $285.00 to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings upgraded Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $304.79.

Essex Property Trust Price Performance

Shares of NYSE ESS opened at $284.49 on Monday. The firm has a market cap of $18.28 billion, a P/E ratio of 44.24, a price-to-earnings-growth ratio of 10.39 and a beta of 0.69. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.22. Essex Property Trust, Inc. has a 1-year low of $238.46 and a 1-year high of $303.35. The business’s 50 day moving average is $289.82 and its 200-day moving average is $271.01.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, topping the consensus estimate of $1.46 by $2.62. The business had revenue of $489.05 million during 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 last year, the firm posted $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 predict that Essex Property Trust, Inc. will post 16.18 earnings per share 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.