JPMorgan Chase & Co. Issues Positive Forecast for Essex Property Trust (NYSE:ESS) Stock Price

Essex Property Trust (NYSE:ESS) had its price target raised by stock analysts at JPMorgan Chase & Co. from $272.00 to $275.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 1.60% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Barclays raised their price objective on Essex Property Trust from $272.00 to $277.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Raymond James Financial reissued a “market perform” rating on shares of Essex Property Trust in a research report on Friday, February 27th. Piper Sandler upgraded shares of Essex Property Trust from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $275.00 to $310.00 in a report on Monday, May 4th. Wells Fargo & Company reduced their price objective on shares of Essex Property Trust from $268.00 to $262.00 and set an “equal weight” rating for the company in a research report on Thursday, April 23rd. Finally, UBS Group increased their price objective on shares of Essex Property Trust from $274.00 to $278.00 and gave the company a “neutral” rating in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $283.74.

Essex Property Trust Stock Up 1.4%

ESS stock traded up $3.62 during mid-day trading on Monday, reaching $270.68. 19,106 shares of the company traded hands, compared to its average volume of 518,917. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.22. The firm’s 50 day moving average price is $253.64 and its 200 day moving average price is $255.35. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 11.56 and a beta of 0.71. Essex Property Trust has a fifty-two week low of $238.46 and a fifty-two week high of $294.09.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.65 EPS for the quarter, missing the consensus estimate of $3.96 by ($2.31). The company had revenue of $484.76 million during 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 company earned $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, equities research analysts predict that Essex Property Trust will post 16.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Essex Property Trust

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in Essex Property Trust by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,873,698 shares of the real estate investment trust’s stock valued at $488,601,000 after purchasing an additional 22,835 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Essex Property Trust by 21.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock valued at $439,520,000 after buying an additional 301,349 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Essex Property Trust by 9.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,157,617 shares of the real estate investment trust’s stock valued at $309,848,000 after buying an additional 100,730 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Essex Property Trust by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 995,810 shares of the real estate investment trust’s stock worth $240,989,000 after acquiring an additional 57,173 shares during the period. Finally, Morgan Stanley increased its holdings in Essex Property Trust by 31.3% in the 4th quarter. Morgan Stanley now owns 958,090 shares of the real estate investment trust’s stock worth $250,714,000 after acquiring an additional 228,165 shares during the last quarter. Hedge funds and other 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.