Essex Property Trust, Inc. (NYSE:ESS) Receives $283.87 Consensus Target Price from Analysts

Shares of Essex Property Trust, Inc. (NYSE:ESS) have earned an average rating of “Hold” from the seventeen research firms that are currently covering the stock, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $283.8667.

ESS has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $290.00 target price on shares of Essex Property Trust in a research report on Monday, February 9th. Mizuho increased their price objective on Essex Property Trust from $275.00 to $284.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. Barclays reissued a “positive” rating and set a $292.00 price objective on shares of Essex Property Trust in a research report on Tuesday, January 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $282.00 target price (down from $304.00) on shares of Essex Property Trust in a research report on Monday, December 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Essex Property Trust in a report on Thursday, January 22nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kera Capital Partners Inc. increased its position in Essex Property Trust by 131.6% during the fourth quarter. Kera Capital Partners Inc. now owns 1,913 shares of the real estate investment trust’s stock worth $482,000 after buying an additional 1,087 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Essex Property Trust during the 4th quarter worth about $953,000. Kinloch Capital LLC increased its holdings in shares of Essex Property Trust by 1.2% during the 4th quarter. Kinloch Capital LLC now owns 13,985 shares of the real estate investment trust’s stock valued at $3,660,000 after acquiring an additional 172 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Essex Property Trust by 6.1% during the 4th quarter. Invesco Ltd. now owns 835,007 shares of the real estate investment trust’s stock valued at $218,505,000 after acquiring an additional 48,233 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in Essex Property Trust by 3,497.4% in the 4th quarter. Corient Private Wealth LLC now owns 126,196 shares of the real estate investment trust’s stock worth $33,023,000 after purchasing an additional 122,688 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust Stock Up 0.7%

NYSE:ESS opened at $260.22 on Monday. The business’s fifty day moving average price is $255.62 and its 200 day moving average price is $259.04. The firm has a market capitalization of $16.78 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 8.12 and a beta of 0.74. The company has a current ratio of 1.03, a quick ratio of 1.18 and a debt-to-equity ratio of 1.19. Essex Property Trust has a 1-year low of $243.25 and a 1-year high of $316.29.

Essex Property Trust (NYSE:ESS) last released its earnings results on Wednesday, February 4th. The real estate investment trust reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.02). The business had revenue of $479.63 million for the quarter, compared to analysts’ expectations of $474.66 million. Essex Property Trust had a net margin of 35.48% and a return on equity of 11.61%. During the same period last year, the firm earned $3.92 EPS. Essex Property Trust has set its FY 2026 guidance at 15.690-16.190 EPS and its Q1 2026 guidance at 3.890-4.010 EPS. On average, sell-side analysts forecast that Essex Property Trust will post 15.96 earnings per share for the current fiscal year.

Essex Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $2.59 dividend. This represents a $10.36 dividend on an annualized basis and a yield of 4.0%. This is a boost from Essex Property Trust’s previous quarterly dividend of $2.57. The ex-dividend date is Tuesday, March 31st. Essex Property Trust’s dividend payout ratio is presently 98.75%.

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.