Essex Property Trust (NYSE:ESS) Stock Gets Price Target Trim from Cantor Fitzgerald

Posted by Brenda Bartman on Nov 12th, 2026

Essex Property Trust (NYSE:ESS – Free Report) had its price objective decreased by Cantor Fitzgerald from $316.00 to $305.00 in a research note issued to investors on Monday,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the real estate investment trust’s stock.

A number of other brokerages also recently weighed in on ESS. Royal Bank Of Canada cut their target price on Essex Property Trust from $298.00 to $297.00 and set an “outperform” rating on the stock in a research note on Thursday, October 29th. Weiss Ratings cut shares of Essex Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Jefferies Financial Group raised Essex Property Trust to a “strong-buy” rating in a research note on Wednesday, July 22nd. Wall Street Zen lowered shares of Essex Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, Citizens Jmp raised Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $330.00 price target on the stock in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Essex Property Trust currently has an average rating of “Moderate Buy” and a consensus price target of $297.52.

Get Our Latest Research Report on ESS

Essex Property Trust Stock Down 0.6%

Shares of NYSE ESS opened at $274.07 on Monday. The company’s fifty day simple moving average is $272.12 and its 200 day simple moving average is $270.35. Essex Property Trust has a 12-month low of $238.46 and a 12-month high of $303.35. The firm has a market cap of $17.63 billion, a PE ratio of 50.85, a P/E/G ratio of 9.80 and a beta of 0.69. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.21.

Essex Property Trust (NYSE:ESS – Get Free Report) last issued its earnings results on Tuesday, October 27th. The real estate investment trust reported $1.52 EPS for the quarter, missing the consensus estimate of $4.01 by ($2.49). The firm had revenue of $492.69 million during the quarter, compared to analyst estimates of $491.01 million. Essex Property Trust had a net margin of 17.84% and a return on equity of 6.24%. During the same quarter in the prior year, the business earned $3.97 earnings per share. As a group, sell-side analysts forecast that Essex Property Trust will post 16.08 earnings per share for the current fiscal year.

Essex Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $2.59 dividend. This represents a $10.36 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Wednesday, September 30th. Essex Property Trust’s dividend payout ratio (DPR) is presently 192.21%.

Institutional Investors Weigh In On Essex Property Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Essex Property Trust in the 1st quarter worth about $38,000. Pension & Wealth Management Advisors Inc. purchased a new position in Essex Property Trust during the 3rd quarter valued at about $39,000. Western Wealth Management LLC bought a new stake in Essex Property Trust during the first quarter worth about $44,000. Elevation Wealth Partners LLC boosted its stake 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 acquiring an additional 136 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in Essex Property Trust by 35.7% in the third quarter. Hantz Financial Services Inc. now owns 190 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 50 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Essex Property Trust News Summary

Investors following ESS have been watching these news items:

Positive Sentiment: UBS raised its price target to $286 from $275 and maintained a neutral rating. Truist Financial also lifted its target, to $288 from $286, while keeping a hold rating. UBS target update
Neutral Sentiment: ESS crossed above its 50-day moving average after an analyst downgrade, a potentially supportive technical signal amid the mixed analyst news. Stock crosses 50-day average
Negative Sentiment: Morgan Stanley cut its target to $285 from $302 and rated the shares equal weight, indicating limited expected upside. BNP Paribas also reduced its target, to $284 from $296. BNP Paribas target update

About Essex Property Trust

(Get Free Report)

Essex Property Trust, Inc. is a real estate investment trust focused on owning, operating, acquiring, developing and redeveloping apartment communities. Its portfolio serves renters in major coastal markets in Southern California, Northern California and the Seattle metropolitan area. Founded in 1971, the company became publicly traded in 1994. Essex’s primary business is providing rental housing, with property operations and development activities supporting its apartment portfolio.