Jupiter Topco LLC Acquires New Shares in Essex Property Trust, Inc. $ESS

Jupiter Topco LLC bought a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS) during the second quarter, Holdings Channel.com reports. The fund bought 18,707 shares of the real estate investment trust’s stock, valued at approximately $5,456,000.

Several other institutional investors have also recently made changes to their positions in the stock. Nemes Rush Group LLC bought a new position in shares of Essex Property Trust in the fourth quarter worth $27,000. Generali Asset Management SPA SGR bought a new stake in shares of Essex Property Trust during the 4th quarter valued at $29,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Essex Property Trust during the 1st quarter valued at $38,000. Elevation Wealth Partners LLC lifted its holdings in Essex Property Trust by 523.1% during 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 in the last quarter. Finally, Western Wealth Management LLC bought a new position in Essex Property Trust in the 1st quarter worth about $44,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

ESS has been the subject of a number of recent analyst reports. UBS Group set a $290.00 target price on Essex Property Trust in a report on Thursday, June 18th. Citigroup raised shares of Essex Property Trust from a “buy” rating to an “outperform” rating in a report on Friday, July 31st. Piper Sandler raised their price objective on shares of Essex Property Trust from $310.00 to $352.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Raymond James Financial raised shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 price objective for the company in a research note on Friday, June 26th. Finally, Sanford C. Bernstein began coverage on shares of Essex Property Trust in a report on Friday, June 26th. They set an “outperform” rating and a $320.00 target price on the stock. One research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $304.79.

Essex Property Trust Price Performance

Essex Property Trust stock opened at $283.26 on Tuesday. The stock has a market cap of $18.21 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 10.39 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. The business has a 50-day simple moving average of $289.95 and a 200 day simple moving average of $271.16. Essex Property Trust, Inc. has a 52 week low of $238.46 and a 52 week high of $303.35.

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, beating the consensus estimate 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 quarter 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. On average, research analysts forecast that Essex Property Trust, Inc. will post 16.18 earnings per share for the current fiscal 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.