Essex Property Trust (NYSE:ESS – Get Free Report) had its price target raised by Scotiabank from $290.00 to $307.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price objective indicates a potential upside of 4.66% from the company’s previous close.
ESS has been the topic of several other research reports. Wells Fargo & Company boosted 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. Weiss Ratings raised Essex Property Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Sanford C. Bernstein initiated coverage on Essex Property Trust in a research note on Friday, June 26th. They set an “outperform” rating and a $320.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on shares of Essex Property Trust from $272.00 to $275.00 and gave the stock an “underweight” rating in a report on Monday, May 18th. Finally, Truist Financial boosted their price target on shares of Essex Property Trust from $273.00 to $286.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $293.03.
View Our Latest Stock Analysis on ESS
Essex Property Trust Trading Up 0.8%
Essex Property Trust (NYSE:ESS – Get Free Report) last announced its earnings results 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). The business had revenue of $484.76 million during the quarter, compared to analysts’ expectations of $479.89 million. Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.During the same quarter in the previous year, the firm earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Research analysts anticipate that Essex Property Trust will post 16.11 EPS for the current fiscal year.
Insiders Place Their Bets
In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total value of $167,670.00. Following the completion of the sale, the director directly owned 2,394 shares of the company’s stock, valued at $669,003.30. This trade represents a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.47% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Nemes Rush Group LLC purchased a new stake in Essex Property Trust in the 4th quarter worth about $27,000. Generali Asset Management SPA SGR purchased a new stake in Essex Property Trust during the fourth quarter valued at about $29,000. Cassaday & Co Wealth Management LLC bought a new position in Essex Property Trust during the first quarter worth about $38,000. Elevation Wealth Partners LLC boosted its position 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 worth $47,000 after purchasing an additional 136 shares during the period. Finally, True Wealth Design LLC boosted its position 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. Hedge funds and other institutional investors own 96.51% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Essex Property Trust
- Power Struggle: Wolfspeed Sues Navitas Over AI Chips
- Why WD-40 Is Proving Great Businesses Never Go Out of Style
- Pushing the Edge: Super Micro Computer Reboots the AI Landscape
- MarketBeat Week in Review – 07/06 – 07/10
Receive News & Ratings for Essex Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essex Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.
