Essex Property Trust (NYSE:ESS) Stock Rating Upgraded by Jefferies Financial Group

Essex Property Trust (NYSE:ESS) was upgraded by Jefferies Financial Group to a “hold” rating in a report released on Friday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Mizuho upped their price objective on shares of Essex Property Trust from $285.00 to $308.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Wells Fargo & Company lifted their target price on shares of Essex Property Trust from $262.00 to $280.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Stifel Nicolaus lifted their target price on shares of Essex Property Trust from $278.00 to $281.50 and gave the company a “hold” rating in a report on Wednesday, April 29th. Scotiabank reissued an “outperform” rating on shares of Essex Property Trust in a research report on Thursday, June 18th. Finally, Evercore restated an “outperform” rating and set a $296.00 price target on shares of Essex Property Trust in a research note on Monday, June 8th. Nine investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $292.08.

Essex Property Trust Stock Up 3.4%

Shares of ESS opened at $295.38 on Friday. The company’s 50-day moving average price is $272.25 and its 200 day moving average price is $259.96. Essex Property Trust has a 12-month low of $238.46 and a 12-month high of $295.85. 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 firm has a market cap of $18.98 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 12.33 and a beta of 0.72.

Essex Property Trust (NYSE:ESS) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($2.31). The company 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 last year, the business earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, sell-side analysts forecast that Essex Property Trust will post 16.08 earnings per share for the current year.

Insider Transactions at Essex Property Trust

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

Institutional Trading of Essex Property Trust

A number of large investors have recently made changes to their positions in the company. Nemes Rush Group LLC acquired a new stake in Essex Property Trust in the fourth quarter valued at approximately $27,000. Generali Asset Management SPA SGR acquired a new position in Essex Property Trust during the 4th quarter worth approximately $29,000. Cassaday & Co Wealth Management LLC acquired a new position in Essex Property Trust during the 1st quarter worth approximately $38,000. Western Wealth Management LLC purchased a new stake in shares of Essex Property Trust in the 1st quarter valued at approximately $44,000. Finally, True Wealth Design LLC increased its position in shares of Essex Property Trust by 120.0% in the 4th quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock valued at $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.

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.