Essex Property Trust (NYSE:ESS) Stock Price Expected to Rise, Scotiabank Analyst Says

Essex Property Trust (NYSE:ESS) had its target price boosted by equities researchers at Scotiabank from $278.00 to $282.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price objective suggests a potential upside of 3.87% from the stock’s previous close.

Several other brokerages have also issued reports on ESS. Robert W. Baird raised their target price on shares of Essex Property Trust from $279.00 to $281.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Royal Bank Of Canada increased their price objective on shares of Essex Property Trust from $282.00 to $288.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Wall Street Zen raised shares of Essex Property Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Stifel Nicolaus lifted their target price on shares of Essex Property Trust from $278.00 to $281.50 and gave the stock a “hold” rating in a report on Wednesday, April 29th. Finally, Cantor Fitzgerald upped their target price on shares of Essex Property Trust from $290.00 to $291.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $283.53.

Essex Property Trust Trading Up 1.1%

ESS stock opened at $271.49 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.22. Essex Property Trust has a twelve month low of $238.46 and a twelve month high of $294.09. The company has a market cap of $17.45 billion, a P/E ratio of 30.50, a PEG ratio of 11.63 and a beta of 0.71. The business has a fifty day moving average of $253.17 and a 200-day moving average of $255.29.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($2.31). The firm had revenue of $484.76 million during the quarter, compared to the consensus estimate of $479.89 million. Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. During the same quarter in the prior year, the business earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, equities research analysts expect that Essex Property Trust will post 16.04 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC increased its stake in Essex Property Trust by 5.2% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 814 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 40 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Essex Property Trust by 57.5% during the third quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 42 shares in the last quarter. Segment Wealth Management LLC boosted its position 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 worth $239,000 after purchasing an additional 44 shares in the last quarter. Norinchukin Bank The grew its holdings 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 buying an additional 44 shares during the period. Finally, Signaturefd LLC increased its position in shares of Essex Property Trust by 11.3% in the 4th quarter. Signaturefd LLC now owns 445 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Essex Property Trust

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.