Cantor Fitzgerald Reaffirms “Overweight” Rating for Essex Property Trust (NYSE:ESS)

Essex Property Trust (NYSE:ESS)‘s stock had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald in a report issued on Monday,Benzinga reports. They currently have a $290.00 price target on the real estate investment trust’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 10.53% from the company’s current price.

Several other research analysts have also recently commented on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $282.00 price target (down previously from $304.00) on shares of Essex Property Trust in a research note on Monday, December 15th. Mizuho lifted their price objective on Essex Property Trust from $275.00 to $284.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. Stifel Nicolaus set a $278.00 target price on Essex Property Trust in a research note on Thursday, February 5th. Wall Street Zen downgraded shares of Essex Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Wells Fargo & Company dropped their price target on shares of Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Essex Property Trust currently has a consensus rating of “Hold” and a consensus price target of $283.87.

Essex Property Trust Trading Up 1.8%

ESS opened at $262.38 on Monday. The firm’s 50 day moving average is $255.96 and its 200-day moving average is $259.68. Essex Property Trust has a 52-week low of $243.25 and a 52-week high of $316.29. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $16.90 billion, a P/E ratio of 25.20, a P/E/G ratio of 6.24 and a beta of 0.74.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $3.98 earnings per share for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.02). Essex Property Trust had a net margin of 35.48% and a return on equity of 11.61%. The firm had revenue of $479.63 million for the quarter, compared to analyst estimates of $474.66 million. During the same period 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. Analysts expect that Essex Property Trust will post 15.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Essex Property Trust

A number of hedge funds have recently added to or reduced their stakes in ESS. Woodline Partners LP acquired a new stake in shares of Essex Property Trust during the first quarter worth $1,664,000. Focus Partners Wealth acquired a new position in shares of Essex Property Trust in the 1st quarter valued at about $223,000. Ameritas Advisory Services LLC bought a new stake in shares of Essex Property Trust during the 2nd quarter valued at about $52,000. Trust Co. of Toledo NA OH acquired a new stake in Essex Property Trust during the second quarter worth about $44,000. Finally, Concurrent Investment Advisors LLC raised its stake in Essex Property Trust by 2.9% during the second quarter. Concurrent Investment Advisors LLC now owns 1,967 shares of the real estate investment trust’s stock worth $557,000 after acquiring an additional 56 shares during the period. 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.