Daiichi Life Insurance Co. Ltd. Makes New $657,000 Investment in Essex Property Trust, Inc. $ESS

Daiichi Life Insurance Co. Ltd. purchased a new position in shares of Essex Property Trust, Inc. (NYSE:ESS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,254 shares of the real estate investment trust’s stock, valued at approximately $657,000.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Essex Property Trust in the 2nd quarter valued at approximately $2,166,555,000. Norges Bank bought a new stake in Essex Property Trust during the fourth quarter worth approximately $230,690,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Essex Property Trust by 973.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 743,954 shares of the real estate investment trust’s stock valued at $199,127,000 after purchasing an additional 674,617 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Essex Property Trust during the second quarter valued at approximately $135,837,000. Finally, Principal Financial Group Inc. grew its holdings in Essex Property Trust by 21.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock valued at $439,520,000 after purchasing an additional 301,349 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust Stock Performance

ESS opened at $293.62 on Tuesday. 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 stock’s 50 day moving average price is $288.97 and its two-hundred day moving average price is $270.12. The firm has a market capitalization of $18.87 billion, a P/E ratio of 45.66, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69. Essex Property Trust, Inc. has a 12-month low of $238.46 and a 12-month high of $303.35.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $2.62. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.The company had revenue of $489.05 million during the quarter, compared to analyst estimates of $485.12 million. During the same period in the previous year, the company earned $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. On average, equities analysts forecast that Essex Property Trust, Inc. will post 16.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group set a $290.00 price objective on shares of Essex Property Trust in a research note on Thursday, June 18th. Evercore reiterated an “outperform” rating and issued a $303.00 target price on shares of Essex Property Trust in a research note on Thursday, July 30th. JPMorgan Chase & Co. lifted their target price on shares of Essex Property Trust from $275.00 to $295.00 and gave the stock an “underweight” rating in a report on Friday, August 14th. Citizens Jmp upgraded shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $330.00 target price on the stock in a report on Friday, July 31st. Finally, Morgan Stanley boosted their target price on shares of Essex Property Trust from $293.00 to $302.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Essex Property Trust has a consensus rating of “Moderate Buy” and an average target price of $304.79.

Insider Transactions at Essex Property Trust

In related news, Director Mary Kasaris sold 600 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total transaction of $167,670.00. Following the transaction, the director owned 2,394 shares of the company’s stock, valued at approximately $669,003.30. The trade was a 20.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.47% of the company’s stock.

Essex Property Trust 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.