Essex Property Trust (NYSE:ESS) Stock Gets Price Target Increase from UBS Group

Essex Property Trust (NYSE:ESS) had its target price increased by investment analysts at UBS Group from $275.00 to $286.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group‘s price target points to a potential upside of 3.65% from the company’s current price.

Several other brokerages have also recently commented on ESS. Citizens Jmp upgraded shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $330.00 target price for the company in a research report on Friday, July 31st. Cantor Fitzgerald reduced their price target on Essex Property Trust from $316.00 to $305.00 and set an “overweight” rating on the stock in a research report on Monday. Wall Street Zen cut Essex Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Jefferies Financial Group upgraded Essex Property Trust to a “strong-buy” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings lowered Essex Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Essex Property Trust currently has a consensus rating of “Moderate Buy” and an average price target of $298.38.

Essex Property Trust Trading Up 0.1%

Shares of ESS traded up $0.39 on Tuesday, reaching $275.93. 268,440 shares of the company’s stock were exchanged, compared to its average volume of 515,810. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $17.75 billion, a P/E ratio of 51.26, a price-to-earnings-growth ratio of 9.60 and a beta of 0.69. The business has a 50 day moving average price of $272.36 and a two-hundred day moving average price of $270.14. Essex Property Trust has a 12 month low of $238.46 and a 12 month high of $303.35.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $1.52 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($2.49). Essex Property Trust had a net margin of 17.84% and a return on equity of 6.24%. The business had revenue of $492.69 million during the quarter, compared to analyst estimates of $491.01 million. During the same quarter in the prior year, the company earned $3.97 earnings per share. Research analysts anticipate that Essex Property Trust will post 16.17 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Robertson Stephens Wealth Management LLC boosted its holdings in Essex Property Trust by 5.5% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 787 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 41 shares during the period. Rothschild Investment LLC raised its holdings in Essex Property Trust by 2.1% during the 3rd quarter. Rothschild Investment LLC now owns 2,068 shares of the real estate investment trust’s stock valued at $557,000 after acquiring an additional 43 shares during the period. CENTRAL TRUST Co raised its holdings in Essex Property Trust by 24.6% during the 3rd quarter. CENTRAL TRUST Co now owns 243 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 48 shares during the period. Revisor Wealth Management LLC raised its holdings in Essex Property Trust by 3.8% during the 3rd quarter. Revisor Wealth Management LLC now owns 1,370 shares of the real estate investment trust’s stock valued at $369,000 after acquiring an additional 50 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of Essex Property Trust by 35.7% during the third quarter. Hantz Financial Services Inc. now owns 190 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust News Roundup

Here are the key news stories impacting Essex Property Trust this week:

• Positive Sentiment: Essex Property Trust was reported to have raised its 2026 guidance, a potentially supportive sign for its outlook as a residential-property REIT. Article: Essex Property Trust stock in focus after higher 2026 guidance
• Positive Sentiment: Truist Financial raised its price target to $288 from $286, while maintaining a Hold rating. UBS also lifted its target to $286 from $275 and kept a Neutral rating. These revisions imply modestly improved expectations, though neither signals a bullish rating change. Article: UBS adjusts price target
• Neutral Sentiment: Cantor Fitzgerald cut its target to $305 from $316 but retained an Overweight rating, leaving its view positive despite the lower estimate. Article: Essex Property Trust price target cut by Cantor Fitzgerald
• Negative Sentiment: BNP Paribas lowered its price target to $284 from $296, indicating reduced expectations for the shares, though the report does not specify a rating change. Article: BNP Paribas adjusts price target

Essex Property Trust Company Profile

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.