Essex Property Trust, Inc. (NYSE:ESS – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the twenty-three brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $304.7875.
Several research firms have recently weighed in on ESS. Citizens Jmp upgraded Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $330.00 price target for the company in a research note on Friday, July 31st. UBS Group set a $290.00 target price on shares of Essex Property Trust in a research note on Thursday, June 18th. Stifel Nicolaus set a $292.75 price target on shares of Essex Property Trust in a research note on Thursday, July 30th. Weiss Ratings raised shares of Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Finally, Truist Financial increased their target price on Essex Property Trust from $273.00 to $286.00 and gave the stock a “hold” rating in a research report on Wednesday, May 27th.
Check Out Our Latest Stock Analysis on ESS
Essex Property Trust Trading Up 0.1%
Essex Property Trust (NYSE:ESS – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $2.62. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. The company had revenue of $489.05 million for the quarter, compared to analysts’ expectations of $485.12 million. During the same quarter in the previous year, the firm posted $4.03 EPS. Essex Property Trust has set its Q3 2026 guidance at 3.930-4.050 EPS and its FY 2026 guidance at 16.030-16.250 EPS. Sell-side analysts anticipate that Essex Property Trust will post 16.18 earnings per share for the current year.
Insider Buying and Selling
In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of Essex Property Trust stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total transaction of $167,670.00. Following the completion of the transaction, the director owned 2,394 shares of the company’s stock, valued at $669,003.30. The trade was a 20.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.47% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Essex Property Trust
Institutional investors and hedge funds have recently modified their holdings of the company. Woodline Partners LP bought a new position in shares of Essex Property Trust in the first quarter worth $1,664,000. Focus Partners Wealth bought a new position in shares of Essex Property Trust during the 1st quarter valued at $223,000. EverSource Wealth Advisors LLC increased its holdings in shares of Essex Property Trust by 70.1% in the second quarter. EverSource Wealth Advisors LLC now owns 279 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 115 shares during the period. First Trust Advisors LP increased its stake 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 raised its holdings in 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 last quarter. 96.51% of the stock is 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.
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