Essex Property TrustESS
Market Cap: $19.2B
About: Essex Property Trust owns a portfolio of 254 apartment communities with over 62,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
Employees: 1,750
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
133% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 7 (+4) [Q2]
81% more call options, than puts
Call options by funds: $14M | Put options by funds: $7.73M
77% more first-time investments, than exits
New positions opened: 83 | Existing positions closed: 47
13% more capital invested
Capital invested by funds: $14.9B [Q1] → $16.8B (+$1.86B) [Q2]
7% more funds holding
Funds holding: 531 [Q1] → 567 (+36) [Q2]
1.16% more ownership
Funds ownership: 94.79% [Q1] → 95.94% (+1.16%) [Q2]
12% less repeat investments, than reductions
Existing positions increased: 188 | Existing positions reduced: 213
Research analyst outlook
18 Wall Street Analysts provided 1 year price targets over the past 3 months
18 analyst ratings
Goldman Sachs Julien Blouin 100% 1-year accuracy 4 / 4 met price target | 7%upside $318 | Neutral Initiated | 4 Sept 2024 |
Raymond James Buck Horne 67% 1-year accuracy 16 / 24 met price target | 9%upside $325 | Outperform Maintained | 29 Aug 2024 |
Evercore ISI Group Steve Sakwa 66% 1-year accuracy 31 / 47 met price target | 5%downside $283 | In-Line Maintained | 28 Aug 2024 |
Truist Securities Michael Lewis 84% 1-year accuracy 37 / 44 met price target | 1%downside $294 | Hold Maintained | 27 Aug 2024 |
Piper Sandler Alexander Goldfarb 63% 1-year accuracy 34 / 54 met price target | 19%upside $355 | Overweight Maintained | 26 Aug 2024 |
Financial journalist opinion
Based on 12 articles about ESS published over the past 30 days