Essex Property Trust (NYSE:ESS) Price Target Raised to $297.00

Essex Property Trust (NYSE:ESS) had its target price hoisted by Barclays from $296.00 to $297.00 in a report issued on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the company. Raymond James Financial raised 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. Citizens Jmp raised 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. JPMorgan Chase & Co. upped their price objective on shares of Essex Property Trust from $275.00 to $295.00 and gave the stock an “underweight” rating in a research report on Friday, August 14th. Weiss Ratings downgraded shares of Essex Property Trust from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $330.00 target price on shares of Essex Property Trust in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Essex Property Trust currently has an average rating of “Moderate Buy” and a consensus price target of $304.79.

Essex Property Trust Stock Up 1.2%

ESS opened at $287.22 on Monday. The business has a 50 day moving average price of $288.45 and a two-hundred day moving average price of $269.25. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.22. The company has a market cap of $18.46 billion, a PE ratio of 44.67, a P/E/G ratio of 10.38 and a beta of 0.69. Essex Property Trust has a 52 week low of $238.46 and a 52 week high of $303.35.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $2.62. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.The company had revenue of $489.05 million during the quarter, compared to analysts’ expectations of $485.12 million. During the same period last year, the firm earned $4.03 EPS. 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, research analysts anticipate that Essex Property Trust will post 16.17 EPS for the current year.

Insider Activity at Essex Property Trust

In related news, Director Mary Kasaris sold 600 shares of Essex Property Trust stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total value of $167,670.00. Following the sale, the director directly owned 2,394 shares in the company, valued at $669,003.30. The trade was a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.47% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Woodline Partners LP acquired a new position in shares of Essex Property Trust during the 1st quarter worth $1,664,000. Focus Partners Wealth acquired a new stake in shares of Essex Property Trust in the first quarter valued at about $223,000. EverSource Wealth Advisors LLC lifted its stake in shares of Essex Property Trust by 70.1% in the second quarter. EverSource Wealth Advisors LLC now owns 279 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 115 shares during the period. First Trust Advisors LP boosted its holdings in Essex Property Trust by 186.2% during the second quarter. First Trust Advisors LP now owns 33,614 shares of the real estate investment trust’s stock worth $9,526,000 after buying an additional 21,871 shares in the last quarter. Finally, Bank of Nova Scotia boosted its holdings in Essex Property Trust by 10.9% during the second quarter. Bank of Nova Scotia now owns 8,274 shares of the real estate investment trust’s stock worth $2,345,000 after buying an additional 811 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

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.