Essex Property Trust (NYSE:ESS) Upgraded by Wall Street Zen to “Hold” Rating

Essex Property Trust (NYSE:ESS) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Friday.

Other equities research analysts also recently issued reports about the company. Scotiabank lowered their price target on Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating for the company in a report on Tuesday, November 4th. Evercore ISI decreased their price objective on shares of Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating for the company in a report on Monday, November 3rd. Mizuho boosted their target price on shares of Essex Property Trust from $275.00 to $284.00 and gave the company an “outperform” rating in a research note on Monday, November 24th. Cantor Fitzgerald reissued an “overweight” rating and set a $290.00 target price on shares of Essex Property Trust in a report on Monday, January 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $282.00 price target (down from $304.00) on shares of Essex Property Trust in a report on Monday, December 15th. Six analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $285.70.

Essex Property Trust Stock Up 0.5%

Shares of NYSE:ESS traded up $1.24 during midday trading on Friday, reaching $254.19. The company had a trading volume of 589,605 shares, compared to its average volume of 495,542. The stock has a market capitalization of $16.37 billion, a P/E ratio of 19.32, a PEG ratio of 6.03 and a beta of 0.73. The stock’s fifty day moving average price is $257.53 and its 200-day moving average price is $262.93. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.18 and a quick ratio of 1.18. Essex Property Trust has a one year low of $243.25 and a one year high of $316.29.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.01. The company had revenue of $473.30 million during the quarter, compared to analyst estimates 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 period last year, the business earned $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 fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Legacy Wealth Asset Management LLC raised its holdings in shares of Essex Property Trust by 3.8% during the third quarter. Legacy Wealth Asset Management LLC now owns 1,054 shares of the real estate investment trust’s stock valued at $282,000 after buying an additional 39 shares during the last quarter. Huntington National Bank increased its position in Essex Property Trust by 16.1% in the 2nd quarter. Huntington National Bank now owns 288 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 40 shares during the period. Turning Point Benefit Group Inc. raised its stake in Essex Property Trust by 2.3% during the 2nd quarter. Turning Point Benefit Group Inc. now owns 1,861 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 42 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Essex Property Trust by 57.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 42 shares in the last quarter. Finally, Norinchukin Bank The boosted its position in Essex Property Trust by 0.6% during the 3rd quarter. Norinchukin Bank The now owns 6,957 shares of the real estate investment trust’s stock worth $1,862,000 after acquiring an additional 44 shares during the period. Institutional investors 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.