Mizuho Issues Positive Forecast for Essex Property Trust (NYSE:ESS) Stock Price

Essex Property Trust (NYSE:ESS) had its price target increased by stock analysts at Mizuho from $285.00 to $308.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s target price would suggest a potential upside of 8.31% from the company’s current price.

Several other brokerages have also recently commented on ESS. Morgan Stanley set a $293.00 target price on shares of Essex Property Trust in a research report on Friday, May 15th. Wall Street Zen raised shares of Essex Property Trust from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Evercore reaffirmed an “outperform” rating and set a $296.00 price target on shares of Essex Property Trust in a report on Monday. Piper Sandler raised shares of Essex Property Trust from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $275.00 to $310.00 in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Essex Property Trust from $272.00 to $275.00 and gave the company an “underweight” rating in a report on Monday, May 18th. Six equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Essex Property Trust currently has an average rating of “Hold” and a consensus target price of $288.44.

Essex Property Trust Price Performance

Shares of NYSE:ESS opened at $284.36 on Wednesday. The firm has a 50 day moving average of $263.68 and a 200-day moving average of $258.05. The stock has a market capitalization of $18.27 billion, a PE ratio of 31.95, a PEG ratio of 12.18 and a beta of 0.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.22. Essex Property Trust has a 12 month low of $238.46 and a 12 month high of $294.09.

Essex Property Trust (NYSE:ESS) last issued its earnings results 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 firm had revenue of $484.76 million during the quarter, compared to analyst estimates of $479.89 million. Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. During the same quarter in the previous year, the firm posted $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, equities research analysts predict that Essex Property Trust will post 16.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the business’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 transaction of $167,670.00. Following the sale, the director directly owned 2,394 shares of the company’s stock, valued at $669,003.30. The trade was a 20.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.47% of the stock is owned by insiders.

Institutional Investors Weigh In On Essex Property Trust

A number of institutional investors have recently added to or reduced their stakes in ESS. Woodline Partners LP bought a new stake in Essex Property Trust during the 1st quarter worth approximately $1,664,000. Focus Partners Wealth bought a new stake in Essex Property Trust during the 1st quarter worth approximately $223,000. EverSource Wealth Advisors LLC grew its holdings in Essex Property Trust by 70.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 279 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 115 shares during the last quarter. First Trust Advisors LP grew its holdings in Essex Property Trust by 186.2% during the 2nd quarter. First Trust Advisors LP now owns 33,614 shares of the real estate investment trust’s stock worth $9,526,000 after acquiring an additional 21,871 shares during the last quarter. Finally, Bank of Nova Scotia grew its holdings in Essex Property Trust by 10.9% during the 2nd quarter. Bank of Nova Scotia now owns 8,274 shares of the real estate investment trust’s stock worth $2,345,000 after acquiring an additional 811 shares during the last quarter. 96.51% of the stock is owned by 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.