Essex Property Trust, Inc. (NYSE:ESS) Receives $286.97 Average Price Target from Analysts

Shares of Essex Property Trust, Inc. (NYSE:ESS) have earned an average rating of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $288.4412.

A number of analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Essex Property Trust from $272.00 to $275.00 and gave the company an “underweight” rating in a report on Monday, May 18th. Truist Financial upped their price target on Essex Property Trust from $273.00 to $286.00 and gave the company a “hold” rating in a research report on Wednesday, May 27th. Stifel Nicolaus increased their price target on Essex Property Trust from $278.00 to $281.50 and gave the company a “hold” rating in a report on Wednesday, April 29th. 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 note on Monday, June 1st. Finally, Royal Bank Of Canada upped their target price on Essex Property Trust from $282.00 to $288.00 and gave the company an “outperform” rating in a report on Thursday, April 30th.

Essex Property Trust Trading Up 1.4%

Shares of ESS stock opened at $286.03 on Wednesday. Essex Property Trust has a fifty-two week low of $238.46 and a fifty-two week high of $294.09. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s fifty day moving average is $263.68 and its two-hundred day moving average is $258.05. The firm has a market capitalization of $18.38 billion, a P/E ratio of 32.12, a PEG ratio of 12.18 and a beta of 0.72.

Essex Property Trust (NYSE:ESS) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). The business had revenue of $484.76 million for 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 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. Research analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $2.59 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $10.36 annualized dividend and a dividend yield of 3.6%. Essex Property Trust’s payout ratio is presently 116.40%.

Insider Transactions at Essex Property Trust

In related news, Director Mary Kasaris sold 600 shares of the firm’s 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 completion of the sale, the director directly owned 2,394 shares in the company, valued at approximately $669,003.30. This trade represents a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.47% of the company’s stock.

Institutional Trading of Essex Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nemes Rush Group LLC purchased a new position in Essex Property Trust in the fourth quarter worth approximately $27,000. Generali Asset Management SPA SGR purchased a new stake in Essex Property Trust in the fourth quarter valued at $29,000. Hantz Financial Services Inc. raised its position in Essex Property Trust by 57.5% in the third quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 42 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of Essex Property Trust in the 1st quarter valued at $38,000. Finally, Western Wealth Management LLC acquired a new position in shares of Essex Property Trust in the 1st quarter valued at $44,000. Institutional investors and hedge funds 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.