Research
Mizuho Downgrades Essex Property Trust to Neutral From Outperform, Adjusts PT to $295 From $308
Essex Property Trust (ESS) has an average rating of hold and mean price target of $303.45, according to analysts polled by FactSet.
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13 stories mentioning ESSUpdated 15d ago
Every FINWIRES story that references ESS, newest first.
What are analysts saying about ESS?
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
- MizuhoDowngradedNeutralPrice target$295from $308
- Goldman SachsTarget revisedNeutralPrice target$311from $323
- Stifel NicolausTarget revisedHoldPrice target$292.75from $281.50
- Evercore ISITarget revisedOutperformPrice target$303from $297
- Goldman SachsTarget revisedNeutralPrice target$323from $288
- ScotiabankTarget revisedPrice target$307from $290
What's the latest news on ESS?
Wire
Goldman Sachs Adjusts PT on Essex Property Trust to $311 From $323, Maintains Neutral Rating
Essex Property Trust (ESS) has an average rating of overweight and mean price target of $303.20, according to analysts polled by FactSet.Price: $282.54, Change: $-5.57, Percent Change: -1.93%
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Wire
Stifel Nicolaus Adjusts Essex Property Trust Price Target to $292.75 From $281.50, Maintains Hold Rating
Essex Property Trust (ESS) has an average rating of hold and mean price target of $298.89, according to analysts polled by FactSet.Price: $282.08, Change: $-14.72, Percent Change: -4.96%
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Wire
Evercore ISI Adjusts Essex Property Trust Price Target to $303 From $297, Maintains Outperform Rating
Essex Property Trust (ESS) has an average rating of hold and mean price target of $298.89, according to analysts polled by FactSet.Price: $282.08, Change: $-14.72, Percent Change: -4.96%
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Wire
Goldman Sachs Adjusts Price Target on Essex Property Trust to $323 From $288, Maintains Neutral Rating
Essex Property Trust (ESS) has an average rating of hold and mean price target of $294.33, according to analysts polled by FactSet.Price: $292.78, Change: $-0.23, Percent Change: -0.08%
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Wire
Scotiabank Adjusts Price Target on Essex Property Trust to $307 From $290
Essex Property Trust (ESS) has an average rating of hold and mean price target of $288.54, according to analysts polled by FactSet.Price: $293.05, Change: $+1.47, Percent Change: +0.50%
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Research
Raymond James Upgrades Essex Property Trust to Outperform From Market Perform, PT is $320
Essex Property Trust (ESS) has an average rating of hold and mean price target of $287.76, according to analysts polled by FactSet.
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Research
Evercore ISI Upgrades Essex Property Trust to Outperform From In Line, Adjusts PT to $295 From $269
Essex Property Trust (ESS) has an average rating of hold and mean price target of $283.52, according to analysts polled by FactSet.
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Wire
Morgan Stanley Raises Essex Property Trust PT to $293 From $285, Maintains Equal Weight Rating
Essex Property Trust (ESS) has an average rating of Hold and mean price target of $279.93, according to analysts polled by FactSet.Price: $270.02, Change: $-1.92, Percent Change: -0.71%
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Research
Piper Sandler Upgrades Essex Property Trust to Overweight From Neutral, Adjusts PT to $310 From $275
Essex Property Trust (ESS) has an average rating of hold and mean price target of $279.07, according to analysts polled by FactSet.
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Research
Research Alert: CFRA Downgrades Rating To Sell From Hold On Shares Of Essex Property Trust, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target by $15 to $250 using a narrower equity risk premium and a forward P/FFO of 15.5x, which is in line with the multifamily residential REIT average. We keep our 2026 FFO estimate at $16.15 and lower 2027's by $0.05 to $16.45 on respective revenue projections of $1.94B and $1.98B. Rental revenue is not yet rebounding to historical growth levels. Across the industry, we are seeing inflation in key operating expenses exceeding revenue growth, and this leads to modest gains in cash NOI growth Y/Y. We expect these market conditions to continue as pricing power for ESS and its peers seems to have eased. In particular, ESS has a West Coast portfolio profile that is exposed to significant job layoffs in the technology sector. In our opinion, we have not yet seen the tail risk of major announcements just released in recent weeks. ESS has the challenge of complying with strict housing guidelines in California, leading to the trust historically underperforming peers in other parts of the country.
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Wire
Stifel Adjusts Price Target on Essex Property Trust to $281.50 From $278, Maintains Hold Rating
Essex Property Trust (ESS) has an average rating of hold and mean price target of $276.98, according to analysts polled by FactSet.Price: $261.95, Change: $-5.93, Percent Change: -2.21%
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Research
Research Alert: Essex Property Trust, Inc. Post Ffo Beat And Revenue In Line
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ESS delivered solid Q1 2025 results, with FFO of $4.17 per share, $0.21 above consensus, and same-property revenue growth of 2.9%. Cash NOI grew 4.3% Y/Y due to rental revenue of $482M, with average monthly rent up 2.2% to $2,719. We believe the West Coast multifamily market is showing modest growth, with Northern California leading the recovery at 3.9% same-property revenue growth, followed by Seattle Metro at 2.3% and Southern California at 2.2%. Management reaffirmed 2026 guidance, with FFO expected at $15.69-$16.19 per share and same-property revenue growth of 1.7%-3.1%. ESS increased its annual dividend by 0.8% to $10.36 per share, marking the 32nd consecutive annual increase, while repurchasing $61.9M in shares YTD. We like the portfolio's performance trajectory amid the ongoing West Coast market recovery, though operating expenses continue outpacing revenue growth at +2.5% to +3.5%. This leads to cash NOI of only +0.8% to +3.4% with the midpoint at +2.1% Y/Y.
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