Essex Property Trust, Inc. (NYSE:ESS) Receives Average Rating of “Hold” from Analysts

Shares of Essex Property Trust, Inc. (NYSE:ESS) have earned an average rating of “Hold” from the twenty-three brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $303.2375.

Several brokerages have recently commented on ESS. Piper Sandler increased their price objective on Essex Property Trust from $310.00 to $352.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft set a $325.00 target price on Essex Property Trust in a research note on Tuesday, August 18th. Royal Bank Of Canada upped their target price on Essex Property Trust from $306.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Evercore reiterated an “outperform” rating and issued a $303.00 price target on shares of Essex Property Trust in a research note on Thursday, July 30th. Finally, Barclays raised their price target on Essex Property Trust from $296.00 to $297.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th.

Institutional Trading of Essex Property Trust

A number of institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC acquired a new position in Essex Property Trust during the 2nd quarter valued at approximately $220,000. National Pension Service grew its holdings in shares of Essex Property Trust by 22.5% during the second quarter. National Pension Service now owns 5,033 shares of the real estate investment trust’s stock valued at $1,468,000 after buying an additional 923 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Essex Property Trust in the 2nd quarter valued at $272,000. NewEdge Advisors LLC acquired a new position in shares of Essex Property Trust in the 2nd quarter valued at $299,000. Finally, Squarepoint Ops LLC raised its stake in Essex Property Trust by 75.8% in the 2nd quarter. Squarepoint Ops LLC now owns 5,472 shares of the real estate investment trust’s stock worth $1,596,000 after acquiring an additional 2,359 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Essex Property Trust Price Performance

NYSE ESS opened at $270.69 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.60 and a current ratio of 0.60. The firm’s 50 day moving average price is $285.62 and its 200-day moving average price is $272.97. Essex Property Trust has a 52-week low of $238.46 and a 52-week high of $303.35. The company has a market cap of $17.40 billion, a PE ratio of 42.10, a P/E/G ratio of 9.92 and a beta of 0.69.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 EPS for the quarter, topping the consensus estimate of $1.46 by $2.62. The firm had revenue of $489.05 million during the quarter, compared to analyst estimates of $485.12 million. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.During the same period in the previous year, the company posted $4.03 EPS. Essex Property Trust has set its Q3 2026 guidance at 3.930-4.050 EPS and its FY 2026 guidance at 16.030-16.250 EPS. Sell-side analysts forecast that Essex Property Trust will post 16.18 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $2.59 per share. The ex-dividend date is Wednesday, September 30th. This represents a $10.36 annualized dividend and a dividend yield of 3.8%. Essex Property Trust’s dividend payout ratio is 161.12%.

Essex Property Trust Company Profile

Essex Property Trust, Inc is a self-administered and self-managed real estate investment trust that owns, operates, develops and redevelops multifamily residential communities. Its portfolio primarily consists of apartment homes, supported by property management, maintenance and resident services.

The company focuses on high-demand coastal markets on the West Coast, particularly Northern and Southern California and the Seattle metropolitan area in Washington. Essex’s properties are generally located near employment centers, transportation networks and other amenities, serving renters in major urban and suburban communities.

Founded in 1971, Essex Property Trust became a publicly traded real estate investment trust in 1994.