Meiji Yasuda Asset Management Co Ltd. Purchases Shares of 36,586 Essex Property Trust, Inc. $ESS

Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Essex Property Trust, Inc. (NYSE:ESS) during the second quarter, HoldingsChannel reports. The institutional investor purchased 36,586 shares of the real estate investment trust’s stock, valued at approximately $10,668,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nemes Rush Group LLC purchased a new position in Essex Property Trust during the fourth quarter worth about $27,000. Generali Asset Management SPA SGR purchased a new stake in Essex Property Trust in the 4th quarter valued at about $29,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Essex Property Trust during the 1st quarter valued at about $38,000. Western Wealth Management LLC acquired a new position in shares of Essex Property Trust during the 1st quarter valued at about $44,000. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of 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 acquiring an additional 136 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ESS. Piper Sandler boosted their price target on Essex Property Trust from $310.00 to $352.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Cantor Fitzgerald increased their price objective on shares of Essex Property Trust from $291.00 to $316.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Wall Street Zen lowered Essex Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Scotiabank increased their target price on shares of Essex Property Trust from $290.00 to $307.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Finally, Truist Financial boosted their target price on shares of Essex Property Trust from $273.00 to $286.00 and gave the company 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 given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $304.79.

Essex Property Trust Stock Performance

Shares of ESS opened at $289.26 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.60. Essex Property Trust, Inc. has a one year low of $238.46 and a one year high of $303.35. The company’s fifty day moving average price is $288.72 and its 200 day moving average price is $269.80. The company has a market capitalization of $18.59 billion, a PE ratio of 44.99, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings data 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 company had revenue of $489.05 million for the quarter, compared to analyst estimates 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 prior year, the company 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. As a group, analysts expect that Essex Property Trust, Inc. will post 16.18 earnings per share for the current year.

Insider Activity

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total value of $167,670.00. Following the transaction, the director directly owned 2,394 shares of the company’s stock, valued at $669,003.30. This represents a 20.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.47% of the stock is currently owned by insiders.

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.