Essex Property Trust (NYSE:ESS) Upgraded by Wall Street Zen to Hold Rating

Essex Property Trust (NYSE:ESS) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other analysts also recently commented on the stock. UBS Group dropped their price target on shares of Essex Property Trust from $297.00 to $295.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 15th. Evercore ISI dropped their target price on Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating on the stock in a report on Monday. BNP Paribas Exane lowered Essex Property Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Scotiabank dropped their price objective on Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Finally, Cantor Fitzgerald began coverage on Essex Property Trust in a report on Wednesday, October 1st. They issued an “overweight” rating and a $300.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $295.03.

Essex Property Trust Stock Performance

Shares of ESS stock traded up $4.06 during trading hours on Friday, reaching $260.32. The stock had a trading volume of 644,686 shares, compared to its average volume of 482,229. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50-day simple moving average of $262.33 and a 200-day simple moving average of $272.44. The firm has a market capitalization of $16.77 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 6.00 and a beta of 0.82. Essex Property Trust has a twelve month low of $243.25 and a twelve month high of $316.29.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.01. The business had revenue of $473.30 million during the quarter, compared to the consensus estimate of $472.11 million. Essex Property Trust had a return on equity of 14.70% and a net margin of 45.46%.During the same period in the previous year, the firm posted $3.91 earnings per share. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS. FY 2025 guidance at 15.890-15.990 EPS. As a group, equities analysts forecast that Essex Property Trust will post 15.96 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Richardson Financial Services Inc. boosted its position in Essex Property Trust by 300.0% during the 2nd quarter. Richardson Financial Services Inc. now owns 100 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 75 shares during the period. WPG Advisers LLC acquired a new position in Essex Property Trust in the 1st quarter valued at approximately $31,000. Ransom Advisory Ltd purchased a new stake in Essex Property Trust in the 1st quarter worth approximately $31,000. Hantz Financial Services Inc. boosted its stake in shares of Essex Property Trust by 57.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 42 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Essex Property Trust during the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

About Essex Property Trust

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.