Scotiabank Issues Positive Forecast for Essex Property Trust (NYSE:ESS) Stock Price

Essex Property Trust (NYSE:ESS) had its price target increased by equities researchers at Scotiabank from $290.00 to $307.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price objective points to a potential upside of 4.99% from the stock’s previous close.

Several other research analysts also recently commented on the company. Mizuho increased their price objective on Essex Property Trust from $285.00 to $308.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Wall Street Zen raised shares of Essex Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Cantor Fitzgerald upped their target price on shares of Essex Property Trust from $290.00 to $291.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. UBS Group set a $290.00 target price on shares of Essex Property Trust in a report on Thursday, June 18th. Finally, Stifel Nicolaus increased their target price on shares of Essex Property Trust from $278.00 to $281.50 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Essex Property Trust presently has a consensus rating of “Hold” and an average target price of $293.03.

Essex Property Trust Price Performance

NYSE:ESS traded up $0.83 during trading hours on Thursday, hitting $292.41. 59,148 shares of the stock were exchanged, compared to its average volume of 512,225. Essex Property Trust has a 52-week low of $238.46 and a 52-week high of $303.35. The firm’s fifty day moving average price is $278.89 and its 200 day moving average price is $262.16. 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 company has a market cap of $18.79 billion, a P/E ratio of 32.85, a P/E/G ratio of 12.86 and a beta of 0.70.

Essex Property Trust (NYSE:ESS) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 EPS for the quarter, missing analysts’ consensus estimates 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 company earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, equities research analysts anticipate that Essex Property Trust will post 16.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total value of $167,670.00. Following the transaction, the director directly owned 2,394 shares in the company, valued at $669,003.30. The trade was a 20.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Nemes Rush Group LLC acquired a new position in shares of Essex Property Trust during the fourth quarter worth about $27,000. Generali Asset Management SPA SGR purchased a new stake in shares of Essex Property Trust in the 4th quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Essex Property Trust in the 1st quarter valued at approximately $38,000. Western Wealth Management LLC acquired a new stake in shares of Essex Property Trust in the 1st quarter valued at $44,000. Finally, True Wealth Design LLC lifted its position in shares of Essex Property Trust by 120.0% during the 4th 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 last quarter. 96.51% of the stock is currently 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.