Essex Property Trust, Inc. (NYSE:ESS) Receives $304.99 Consensus Target Price from Analysts

Shares of Essex Property Trust, Inc. (NYSE:ESS) have been given an average rating of “Moderate Buy” by the twenty-three analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $304.7875.

A number of equities analysts recently weighed in on the stock. UBS Group set a $290.00 price objective on shares of Essex Property Trust in a report on Thursday, June 18th. Wells Fargo & Company upped their price target on Essex Property Trust from $280.00 to $297.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Cantor Fitzgerald lifted their price target on shares of Essex Property Trust from $291.00 to $316.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Citigroup upgraded Essex Property Trust from a “buy” rating to an “outperform” rating in a research report on Friday, July 31st. Finally, Wall Street Zen cut Essex Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st.

Insider Buying and Selling at Essex Property Trust

In related news, Director Mary Kasaris sold 600 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total value of $167,670.00. Following the completion of the sale, the director directly owned 2,394 shares of the company’s stock, valued at $669,003.30. This represents a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.47% of the stock is owned by insiders.

Hedge Funds Weigh In On Essex Property Trust

A number of large investors have recently made changes to their positions in the business. Dorsey & Whitney Trust CO LLC boosted its stake in Essex Property Trust by 5.2% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 814 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 40 shares in the last quarter. Segment Wealth Management LLC grew its holdings in shares of Essex Property Trust by 5.1% during the fourth quarter. Segment Wealth Management LLC now owns 913 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 44 shares during the last quarter. Norinchukin Bank The increased its position in shares of Essex Property Trust by 0.6% in the 3rd quarter. Norinchukin Bank The now owns 6,957 shares of the real estate investment trust’s stock valued at $1,862,000 after acquiring an additional 44 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Essex Property Trust by 2.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,537 shares of the real estate investment trust’s stock valued at $664,000 after acquiring an additional 50 shares during the period. Finally, Kestra Private Wealth Services LLC raised its stake in Essex Property Trust by 1.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 3,047 shares of the real estate investment trust’s stock worth $737,000 after acquiring an additional 50 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Essex Property Trust Stock Up 1.2%

ESS stock opened at $287.22 on Monday. The company has a market capitalization of $18.46 billion, a price-to-earnings ratio of 44.67, a price-to-earnings-growth ratio of 10.38 and a beta of 0.69. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.60 and a current ratio of 0.60. Essex Property Trust has a fifty-two week low of $238.46 and a fifty-two week high of $303.35. The business’s 50 day moving average price is $288.45 and its two-hundred day moving average price is $269.25.

Essex Property Trust (NYSE:ESS) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $2.62. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. The business had revenue of $489.05 million during the quarter, compared to the consensus estimate of $485.12 million. During the same quarter last year, the firm 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. As a group, analysts forecast that Essex Property Trust will post 16.17 earnings per share for the current fiscal year.

Essex Property Trust Company 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.