Brokerages Set Essex Property Trust, Inc. (NYSE:ESS) Price Target at $289.59

Shares of Essex Property Trust, Inc. (NYSE:ESS) have received a consensus recommendation of “Hold” from the twenty research firms that are presently covering the stock, Marketbeat Ratings reports. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $287.0938.

ESS has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $290.00 target price on shares of Essex Property Trust in a research report on Monday, January 5th. Truist Financial reduced their price objective on Essex Property Trust from $283.00 to $273.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Wells Fargo & Company decreased their target price on Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Jefferies Financial Group reiterated a “hold” rating and issued a $282.00 target price (down from $304.00) on shares of Essex Property Trust in a report on Monday, December 15th. Finally, Mizuho increased their price target on Essex Property Trust from $275.00 to $284.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th.

Essex Property Trust Stock Down 2.3%

Shares of ESS opened at $251.06 on Friday. The firm has a fifty day moving average price of $258.10 and a 200-day moving average price of $264.87. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $16.17 billion, a P/E ratio of 19.08, a P/E/G ratio of 5.98 and a beta of 0.73. Essex Property Trust has a 12-month low of $243.25 and a 12-month high of $316.29.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 EPS for the quarter, topping the consensus estimate of $3.96 by $0.01. The company had revenue of $473.30 million for the quarter, compared to the consensus estimate of $472.11 million. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.68%. During the same quarter last year, the firm posted $3.91 EPS. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS and its FY 2025 guidance at 15.890-15.990 EPS. Equities research analysts expect that Essex Property Trust will post 15.96 earnings per share for the current year.

Essex Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be issued a dividend of $2.57 per share. This represents a $10.28 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, January 2nd. Essex Property Trust’s dividend payout ratio is presently 78.12%.

Institutional Investors Weigh In On Essex Property Trust

Large investors have recently modified their holdings of the business. Richardson Financial Services Inc. boosted its stake in shares of Essex Property Trust by 300.0% during the second quarter. Richardson Financial Services Inc. now owns 100 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 75 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in Essex Property Trust during the first quarter worth $31,000. Hantz Financial Services Inc. lifted its holdings in Essex Property Trust by 57.5% during the third quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 42 shares during the period. Princeton Global Asset Management LLC bought a new stake in Essex Property Trust during the 2nd quarter valued at $34,000. Finally, Tobam increased its holdings in shares of Essex Property Trust by 167.3% in the 2nd quarter. Tobam now owns 131 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 82 shares during the period. Institutional investors own 96.51% of the company’s stock.

About Essex Property Trust

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.