Essex Property Trust
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 Q3 regulatory filings by fund managers ($100M+ AUM)
245% more call options, than puts
Call options by funds: $31.8M | Put options by funds: $9.22M
20% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 66
2% more funds holding
Funds holding: 570 [Q2] → 583 (+13) [Q3]
5% more repeat investments, than reductions
Existing positions increased: 211 | Existing positions reduced: 201
2% more capital invested
Capital invested by funds: $17B [Q2] → $17.3B (+$361M) [Q3]
5.26% less ownership
Funds ownership: 97.09% [Q2] → 91.83% (-5.26%) [Q3]
57% less funds holding in top 10
Funds holding in top 10: 7 [Q2] → 3 (-4) [Q3]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
B of A Securities Joshua Dennerlein 54% 1-year accuracy 7 / 13 met price target | 6%upside $321 | Neutral Downgraded | 24 Sept 2024 |
Scotiabank Nicholas Yulico 56% 1-year accuracy 18 / 32 met price target | 9%upside $329 | Sector Outperform Maintained | 16 Sept 2024 |
Evercore ISI Group Steve Sakwa 53% 1-year accuracy 31 / 59 met price target | 5%downside $287 | In-Line Maintained | 16 Sept 2024 |
JP Morgan Anthony Paolone 33% 1-year accuracy 6 / 18 met price target | 2%downside $297 | Neutral Maintained | 16 Sept 2024 |
Deutsche Bank | 2%upside $308 | Hold Maintained | 10 Sept 2024 |
Financial journalist opinion
Based on 9 articles about ESS published over the past 30 days
