Scotiabank Increases Essex Property Trust (NYSE:ESS) Price Target to $282.00

Posted by Brian Himes on May 16th, 2026

Essex Property Trust (NYSE:ESS – Get Free Report) had its price target raised by research analysts 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 target price suggests a potential upside of 5.66% from the stock’s current price.

Other analysts have also issued reports about the stock. Barclays boosted their price objective on shares of Essex Property Trust from $272.00 to $277.00 and gave the company an “equal weight” rating in a report on Monday. Piper Sandler upgraded shares of Essex Property Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $275.00 to $310.00 in a report on Monday, May 4th. Raymond James Financial restated a “market perform” rating on shares of Essex Property Trust in a report on Friday, February 27th. Wall Street Zen upgraded shares of Essex Property Trust from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Finally, Robert W. Baird boosted their price objective on shares of Essex Property Trust from $279.00 to $281.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $284.28.

Read Our Latest Report on Essex Property Trust

Essex Property Trust Trading Down 0.6%

Shares of ESS stock opened at $266.89 on Thursday. The company’s 50-day moving average price is $253.64 and its 200-day moving average price is $255.40. 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 stock has a market cap of $17.15 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 11.63 and a beta of 0.71. Essex Property Trust has a twelve month low of $238.46 and a twelve month high of $294.09.

Essex Property Trust (NYSE:ESS – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($2.31). The firm had revenue of $484.76 million for the quarter, compared to analyst estimates 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 period in the previous year, the firm posted $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, equities analysts predict that Essex Property Trust will post 16.04 earnings per share for the current year.

Institutional Trading of Essex Property Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Nemes Rush Group LLC purchased a new stake in Essex Property Trust during the fourth quarter worth about $27,000. Generali Asset Management SPA SGR purchased a new stake in Essex Property Trust during the fourth quarter worth about $29,000. Hantz Financial Services Inc. increased its stake in 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 during the period. Cassaday & Co Wealth Management LLC purchased a new stake in Essex Property Trust during the first quarter worth about $38,000. Finally, True Wealth Design LLC increased its stake in Essex Property Trust by 120.0% during the fourth quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 96 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Essex Property Trust Company Profile

(Get Free Report)

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.