Essex Property Trust (NYSE:ESS) Given New $281.00 Price Target at Robert W. Baird

Essex Property Trust (NYSE:ESS) had its price objective boosted by analysts at Robert W. Baird from $279.00 to $281.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s price target would suggest a potential upside of 9.80% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Cantor Fitzgerald reissued an “overweight” rating and set a $290.00 price objective on shares of Essex Property Trust in a research report on Monday, February 9th. Evercore cut their price target on 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 raised their price objective on shares of Essex Property Trust from $275.00 to $284.00 and gave the stock an “outperform” rating in a research note on Monday, November 24th. BMO Capital Markets cut shares of Essex Property Trust from an “outperform” rating to a “market perform” rating and cut their target price for the company from $305.00 to $280.00 in a research note on Friday, January 9th. Finally, Truist Financial decreased their price target on shares of Essex Property Trust from $283.00 to $273.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Five research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $283.69.

Essex Property Trust Stock Performance

Shares of NYSE:ESS traded up $0.80 during trading on Monday, reaching $255.91. The stock had a trading volume of 189,615 shares, compared to its average volume of 581,710. The stock has a fifty day simple moving average of $255.60 and a two-hundred day simple moving average of $259.13. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.19. Essex Property Trust has a 52 week low of $243.25 and a 52 week high of $316.29. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 8.02 and a beta of 0.73.

Essex Property Trust (NYSE:ESS) last posted its earnings results on Wednesday, February 4th. The real estate investment trust reported $3.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.02). The firm had revenue of $479.63 million during the quarter, compared to analyst estimates of $474.66 million. Essex Property Trust had a net margin of 35.48% and a return on equity of 11.61%. During the same quarter in the previous year, the business posted $3.92 earnings per share. Essex Property Trust has set its FY 2026 guidance at 15.690-16.190 EPS and its Q1 2026 guidance at 3.890-4.010 EPS. As a group, analysts anticipate that Essex Property Trust will post 15.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ESS. Nemes Rush Group LLC acquired a new stake in Essex Property Trust during the fourth quarter valued at approximately $27,000. Generali Asset Management SPA SGR acquired a new stake in Essex Property Trust in the 4th quarter valued at $29,000. Hantz Financial Services Inc. grew its position in Essex Property Trust by 57.5% in the third 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 during the period. Tobam grew its position in Essex Property Trust by 167.3% in the second quarter. Tobam now owns 131 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 82 shares during the period. Finally, True Wealth Design LLC raised its stake in Essex Property Trust by 120.0% during the fourth quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds 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.