Essex Property Trust (NYSE:ESS) Price Target Raised to $275.00

Essex Property Trust (NYSE:ESS) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $272.00 to $275.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 1.60% from the stock’s previous close.

Several other brokerages also recently commented on ESS. Piper Sandler upgraded Essex Property Trust from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $275.00 to $310.00 in a research note on Monday, May 4th. Cantor Fitzgerald boosted their price target 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. UBS Group upped their target price on Essex Property Trust from $274.00 to $278.00 and gave the stock a “neutral” rating in a report on Thursday. Scotiabank raised their target price on Essex Property Trust from $278.00 to $282.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Robert W. Baird upped their target price on shares of Essex Property Trust from $279.00 to $281.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Essex Property Trust currently has a consensus rating of “Hold” and an average price target of $283.74.

Essex Property Trust Stock Performance

Shares of ESS stock traded up $3.62 during trading on Monday, reaching $270.68. 19,106 shares of the company’s stock traded hands, compared to its average volume of 518,917. The company has a market capitalization of $17.39 billion, a P/E ratio of 30.40, a PEG ratio of 11.56 and a beta of 0.71. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.22. The firm’s 50-day moving average is $253.64 and its 200 day moving average is $255.35. Essex Property Trust has a 1 year low of $238.46 and a 1 year high of $294.09.

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

Institutional Trading of Essex Property Trust

Institutional investors have recently added to or reduced their stakes in the business. Woodline Partners LP purchased a new stake in shares of Essex Property Trust during the first quarter valued at $1,664,000. Focus Partners Wealth purchased a new stake in shares of Essex Property Trust during the 1st quarter valued at about $223,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Essex Property Trust by 70.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 279 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 115 shares during the last quarter. First Trust Advisors LP grew its position in Essex Property Trust by 186.2% in the 2nd quarter. First Trust Advisors LP now owns 33,614 shares of the real estate investment trust’s stock worth $9,526,000 after purchasing an additional 21,871 shares during the period. Finally, Bank of Nova Scotia lifted its holdings in shares of Essex Property Trust by 10.9% during the 2nd quarter. Bank of Nova Scotia now owns 8,274 shares of the real estate investment trust’s stock valued at $2,345,000 after buying an additional 811 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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.