Hsbc Holdings PLC Makes New Investment in Essex Property Trust, Inc. $ESS

Hsbc Holdings PLC acquired a new position in Essex Property Trust, Inc. (NYSE:ESS) in the 2nd quarter, Holdings Channel reports. The firm acquired 255,953 shares of the real estate investment trust’s stock, valued at approximately $74,687,000.

Other hedge funds have also made changes to their positions in the company. Nemes Rush Group LLC acquired a new position in shares of Essex Property Trust during the 4th quarter valued at $27,000. Generali Asset Management SPA SGR purchased a new stake in Essex Property Trust during the 4th quarter worth $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in Essex Property Trust in the 1st quarter valued at $38,000. Western Wealth Management LLC acquired a new stake in Essex Property Trust in the 1st quarter valued at $44,000. Finally, Elevation Wealth Partners LLC raised its position in Essex Property Trust by 523.1% in the second quarter. Elevation Wealth Partners LLC now owns 162 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ESS. Mizuho upped their target price on Essex Property Trust from $285.00 to $308.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft set a $325.00 price target on Essex Property Trust in a research report on Tuesday, August 18th. Raymond James Financial upgraded Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 price target for the company in a report on Friday, June 26th. UBS Group set a $290.00 price objective on shares of Essex Property Trust in a research report on Thursday, June 18th. Finally, Citizens Jmp upgraded shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $330.00 price objective on the stock in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.79.

Essex Property Trust Stock Down 1.3%

Shares of Essex Property Trust stock opened at $288.09 on Thursday. Essex Property Trust, Inc. has a 1-year low of $238.46 and a 1-year high of $303.35. The company has a market capitalization of $18.52 billion, a PE ratio of 44.80, a P/E/G ratio of 10.68 and a beta of 0.69. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.60. The business has a 50-day moving average of $289.47 and a 200-day moving average of $270.66.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 EPS for the quarter, topping the consensus estimate of $1.46 by $2.62. The business 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 in the previous year, the firm 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. As a group, equities analysts forecast that Essex Property Trust, Inc. will post 16.18 EPS 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.