Essex Property Trust (NYSE:ESS) Stock Rating Lowered by Wall Street Zen

Essex Property Trust (NYSE:ESS) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Several other equities analysts have also recently commented on ESS. Robert W. Baird boosted their price objective on shares of Essex Property Trust from $279.00 to $281.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Stifel Nicolaus increased their target price on shares of Essex Property Trust from $278.00 to $281.50 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Cantor Fitzgerald raised their price target on shares of Essex Property Trust from $290.00 to $291.00 and gave the company an “overweight” rating in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on shares of Essex Property Trust from $272.00 to $275.00 and gave the company an “underweight” rating in a research report on Monday, May 18th. Finally, Mizuho upped their price target on shares of Essex Property Trust from $285.00 to $308.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $289.62.

Essex Property Trust Stock Up 0.1%

Shares of NYSE ESS opened at $274.11 on Friday. Essex Property Trust has a 52 week low of $238.46 and a 52 week high of $294.09. The business has a 50-day simple moving average of $268.92 and a two-hundred day simple moving average of $259.09. 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 company has a market cap of $17.61 billion, a P/E ratio of 30.80, a P/E/G ratio of 11.82 and a beta of 0.72.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($2.31). Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. The company had revenue of $484.76 million for the quarter, compared to the consensus estimate of $479.89 million. During the same quarter in the prior year, the company earned $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Research analysts anticipate that Essex Property Trust will post 16.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Essex Property Trust

In related news, Director Mary Kasaris sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $279.45, for a total value of $167,670.00. Following the transaction, the director directly owned 2,394 shares in the company, valued at approximately $669,003.30. This represents a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.47% of the company’s stock.

Hedge Funds Weigh In On Essex Property Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of ESS. Nemes Rush Group LLC bought a new position in shares of Essex Property Trust in the 4th quarter worth $27,000. Generali Asset Management SPA SGR purchased a new stake in shares of Essex Property Trust during the 4th quarter valued at $29,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Essex Property Trust during the 1st quarter worth $38,000. True Wealth Design LLC lifted its holdings in shares of Essex Property Trust by 120.0% during the 4th 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 during the last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of Essex Property Trust during the 1st quarter worth $44,000. Hedge funds and other institutional investors 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.