Essex Property Trust (NYSE:ESS) Cut to “Hold” at Mizuho

Essex Property Trust (NYSE:ESS) was downgraded by stock analysts at Mizuho from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

Several other equities analysts have also weighed in on the stock. Raymond James Financial upgraded shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 target price on the stock in a report on Friday, June 26th. Cantor Fitzgerald increased their price objective on shares of Essex Property Trust from $291.00 to $316.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Wall Street Zen downgraded Essex Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Citigroup raised Essex Property Trust from a “buy” rating to an “outperform” rating in a research report on Friday, July 31st. Finally, Wells Fargo & Company boosted their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Essex Property Trust has a consensus rating of “Hold” and an average price target of $304.14.

Essex Property Trust Price Performance

Essex Property Trust stock opened at $277.92 on Tuesday. Essex Property Trust has a 52 week low of $238.46 and a 52 week high of $303.35. 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 firm’s 50-day simple moving average is $288.76 and its 200 day simple moving average is $272.18. The firm has a market capitalization of $17.86 billion, a PE ratio of 43.22, a P/E/G ratio of 10.19 and a beta of 0.69.

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 (EPS) for the quarter, topping the consensus estimate of $1.46 by $2.62. The business had revenue of $489.05 million for the quarter, compared to analysts’ expectations of $485.12 million. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.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. On average, equities research analysts predict that Essex Property Trust will post 16.18 EPS for the current fiscal year.

Institutional Trading of Essex Property Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nemes Rush Group LLC bought a new stake in shares of Essex Property Trust in the fourth quarter valued at about $27,000. Cassaday & Co Wealth Management LLC acquired a new stake in Essex Property Trust during the first quarter worth about $38,000. Western Wealth Management LLC bought a new position in Essex Property Trust during the first quarter valued at about $44,000. Elevation Wealth Partners LLC increased its stake in Essex Property Trust by 523.1% during the second quarter. Elevation Wealth Partners LLC now owns 162 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 136 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in Essex Property Trust by 67.8% in the 4th quarter. Hantz Financial Services Inc. now owns 193 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 78 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.