Raymond James Financial Inc. Raises Holdings in Essex Property Trust, Inc. $ESS

Raymond James Financial Inc. grew its position in shares of Essex Property Trust, Inc. (NYSE:ESS) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,997 shares of the real estate investment trust’s stock after purchasing an additional 2,381 shares during the period. Raymond James Financial Inc.’s holdings in Essex Property Trust were worth $8,276,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Essex Property Trust by 0.8% during the first quarter. Vanguard Group Inc. now owns 10,440,274 shares of the real estate investment trust’s stock valued at $3,200,675,000 after purchasing an additional 87,117 shares in the last quarter. Wealthquest Corp purchased a new position in shares of Essex Property Trust during the first quarter valued at about $384,606,000. Ameriprise Financial Inc. grew its position in shares of Essex Property Trust by 3.2% during the fourth quarter. Ameriprise Financial Inc. now owns 801,813 shares of the real estate investment trust’s stock valued at $227,398,000 after purchasing an additional 24,936 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Essex Property Trust by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 778,514 shares of the real estate investment trust’s stock valued at $222,219,000 after purchasing an additional 58,918 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Essex Property Trust by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 778,148 shares of the real estate investment trust’s stock valued at $238,557,000 after purchasing an additional 5,265 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Essex Property Trust Stock Up 1.0%

Shares of NYSE ESS opened at $270.49 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $17.42 billion, a P/E ratio of 21.74, a PEG ratio of 6.95 and a beta of 0.83. Essex Property Trust, Inc. has a 1 year low of $243.85 and a 1 year high of $317.73. The firm has a 50-day simple moving average of $273.99 and a two-hundred day simple moving average of $282.25.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.04. The business had revenue of $465.84 million during the quarter, compared to the consensus estimate of $466.47 million. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. During the same quarter last year, the firm earned $3.94 earnings per share. Essex Property Trust has set its Q3 2025 guidance at 3.890-3.990 EPS. FY 2025 guidance at 15.800-16.020 EPS. Research analysts anticipate that Essex Property Trust, Inc. will post 15.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ESS. Stifel Nicolaus increased their price target on shares of Essex Property Trust from $301.50 to $305.50 and gave the company a “hold” rating in a report on Wednesday, July 30th. Evercore ISI lowered their price target on shares of Essex Property Trust from $285.00 to $279.00 and set an “in-line” rating for the company in a report on Tuesday, August 12th. Barclays lowered their price target on shares of Essex Property Trust from $335.00 to $298.00 and set an “equal weight” rating for the company in a report on Tuesday, August 12th. Wall Street Zen raised shares of Essex Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Royal Bank Of Canada increased their price target on shares of Essex Property Trust from $306.00 to $307.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $301.42.

Essex Property Trust Company Profile

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.