Essex Property Trust (NYSE:ESS) Given New $290.00 Price Target at Scotiabank

Posted by Brenda Bartman on Jun 18th, 2026

Essex Property Trust (NYSE:ESS – Get Free Report) had its price objective boosted by equities research analysts at Scotiabank from $282.00 to $290.00 in a report released on Thursday,Benzinga reports. The firm presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target indicates a potential upside of 4.86% from the stock’s previous close.

Several other brokerages also recently issued reports on ESS. Barclays lifted their price objective on Essex Property Trust from $272.00 to $277.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Stifel Nicolaus upped their price objective on Essex Property Trust from $278.00 to $281.50 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Wells Fargo & Company lifted their price objective on Essex Property Trust from $262.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Evercore reaffirmed an “outperform” rating and set a $296.00 price target on shares of Essex Property Trust in a research note on Monday, June 8th. Finally, Piper Sandler raised 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 research report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $288.91.

Check Out Our Latest Stock Report on Essex Property Trust

Essex Property Trust Stock Up 0.8%

NYSE:ESS traded up $2.16 during mid-day trading on Thursday, hitting $276.56. The stock had a trading volume of 135,927 shares, compared to its average volume of 510,412. Essex Property Trust has a twelve month low of $238.46 and a twelve month high of $294.09. The company has a market capitalization of $17.77 billion, a PE ratio of 31.06, a PEG ratio of 12.11 and a beta of 0.72. 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 50-day simple moving average of $267.96 and a two-hundred day simple moving average of $258.91.

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 EPS for the quarter, missing the consensus estimate of $3.96 by ($2.31). Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.The company had revenue of $484.76 million for the quarter, compared to analyst estimates of $479.89 million. During the same quarter in the prior year, the business earned $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, equities research analysts anticipate that Essex Property Trust will post 16.08 EPS for the current year.

Insider Activity

In other news, Director Mary Kasaris sold 600 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total transaction of $167,670.00. Following the transaction, the director owned 2,394 shares of the company’s stock, valued at approximately $669,003.30. This trade represents a 20.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.47% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Woodline Partners LP acquired a new stake in Essex Property Trust during the first quarter worth about $1,664,000. Focus Partners Wealth bought a new stake in shares of Essex Property Trust in the 1st quarter worth approximately $223,000. EverSource Wealth Advisors LLC boosted its position in 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 purchasing an additional 115 shares during the period. First Trust Advisors LP increased its position in Essex Property Trust by 186.2% in the second quarter. First Trust Advisors LP now owns 33,614 shares of the real estate investment trust’s stock worth $9,526,000 after buying an additional 21,871 shares during the period. Finally, Bank of Nova Scotia lifted its stake in Essex Property Trust by 10.9% in the second 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 last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

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.