Korea Investment CORP Invests $1.90 Million in Essex Property Trust, Inc. $ESS

Korea Investment CORP acquired a new stake in Essex Property Trust, Inc. (NYSE:ESS) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 6,517 shares of the real estate investment trust’s stock, valued at approximately $1,900,000.

A number of other large investors have also added to or reduced their stakes in ESS. Woodline Partners LP acquired a new position in Essex Property Trust in the 1st quarter valued at approximately $1,664,000. Focus Partners Wealth acquired a new position in shares of Essex Property Trust during the first quarter worth $223,000. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 worth $79,000 after purchasing an additional 115 shares during the period. First Trust Advisors LP grew its stake in shares of 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 purchasing an additional 21,871 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of 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 purchasing an additional 811 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total transaction of $167,670.00. Following the completion of the sale, the director directly owned 2,394 shares in the company, valued at approximately $669,003.30. This trade represents a 20.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.47% of the company’s stock.

Essex Property Trust Trading Up 1.6%

NYSE:ESS opened at $293.62 on Tuesday. The firm’s fifty day moving average is $288.97 and its 200-day moving average is $270.12. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.60 and a current ratio of 0.60. Essex Property Trust, Inc. has a 52 week low of $238.46 and a 52 week high of $303.35. The firm has a market cap of $18.87 billion, a P/E ratio of 45.66, a P/E/G ratio of 10.57 and a beta of 0.69.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings data 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. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. 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 prior year, the company posted $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. Equities analysts expect that Essex Property Trust, Inc. will post 16.18 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on ESS shares. Weiss Ratings raised Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Truist Financial lifted their target price on Essex Property Trust from $273.00 to $286.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th. Scotiabank upped their price target on Essex Property Trust from $290.00 to $307.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Raymond James Financial raised Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 price target for the company in a research note on Friday, June 26th. Finally, Sanford C. Bernstein started coverage on Essex Property Trust in a research report on Friday, June 26th. They set an “outperform” rating and a $320.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Essex Property Trust presently has an average rating of “Moderate Buy” and an average price target of $304.79.

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.