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

Essex Property Trust, Inc. (NYSE:ESS) has earned a consensus recommendation of “Hold” from the twenty brokerages that are covering the stock, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $288.9688.

A number of research analysts have weighed in on ESS shares. Scotiabank reduced their target price on Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating on the stock in a report on Tuesday, November 4th. Evercore ISI dropped their price target on Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating on the stock in a research report on Monday, November 3rd. BNP Paribas cut Essex Property Trust from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. UBS Group lowered their price objective on Essex Property Trust from $295.00 to $267.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Truist Financial dropped their target price on shares of Essex Property Trust from $283.00 to $273.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th.

Essex Property Trust Stock Up 1.5%

Shares of Essex Property Trust stock opened at $256.81 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.15. Essex Property Trust has a 12-month low of $243.25 and a 12-month high of $316.29. The company has a market cap of $16.54 billion, a P/E ratio of 19.51, a PEG ratio of 6.03 and a beta of 0.73. The company’s fifty day simple moving average is $257.91 and its two-hundred day simple moving average is $265.43.

Essex Property Trust (NYSE:ESS) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.01. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.68%. The firm had revenue of $473.30 million for the quarter, compared to analyst estimates of $472.11 million. During the same quarter in the previous 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. Research analysts anticipate that Essex Property Trust will post 15.96 EPS for the current year.

Essex Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be paid a dividend of $2.57 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $10.28 annualized dividend and a yield of 4.0%. Essex Property Trust’s payout ratio is presently 78.12%.

Hedge Funds Weigh In On Essex Property Trust

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Essex Property Trust by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 10,493,313 shares of the real estate investment trust’s stock worth $2,973,805,000 after buying an additional 53,039 shares during the last quarter. State Street Corp boosted its holdings in Essex Property Trust by 2.5% in the second quarter. State Street Corp now owns 5,388,169 shares of the real estate investment trust’s stock worth $1,540,570,000 after acquiring an additional 129,806 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Essex Property Trust by 151,452.8% in the second quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust’s stock worth $843,969,000 after acquiring an additional 2,976,047 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Essex Property Trust by 1.3% in the second quarter. Geode Capital Management LLC now owns 1,825,007 shares of the real estate investment trust’s stock worth $515,226,000 after acquiring an additional 23,565 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Essex Property Trust by 9.5% during the third 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 acquiring an additional 100,730 shares in 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.