Essex Property Trust stock carries a USD 304.14 analyst target

Essex Property Trust stock was last at USD 271.61 on the NYSE on September 28, 2026, 10.46 percent below its 52-week high of USD 303.35. According to MarketBeat on September 11, 2026, analysts held an average rating of Hold and a 12-month price target of USD 304.14.

Analysts reset targets

Yahoo Finance reported on September 15, 2026, that UBS raised its Essex target to USD 286 from USD 278 while keeping a Neutral rating. The new target remains USD 14.14 below the MarketBeat consensus, making the spread between individual research views material for investors.

The price was USD 31.74 below the 52-week high and USD 33.15 above the 52-week low of USD 238.46 on September 28, 2026. Essex carried a market capitalization of USD 17.5 billion on the same date, while its daily change was negative 0.01 percent.

Quarterly figures show two signals

Essex reported second-quarter 2026 net income of USD 0.97 per diluted share, compared with USD 3.44 in the year-earlier quarter, according to Business Wire. The decline reflected lower gains on asset sales rather than a comparable deterioration in the operating metric most often followed for a residential REIT.

StockTitan reported that Core FFO rose 1.2 percent year over year to USD 4.08 per diluted share in the second quarter of 2026, while same-property revenue increased 2.7 percent. Essex also raised full-year 2026 Core FFO guidance to USD 16.03-16.25 per diluted share, giving the operating outlook more weight than the GAAP comparison alone.

Stock stays below its yearly high

Essex Property Trust stock was last at USD 271.61 on the NYSE on September 28, 2026, with a 52-week range of USD 238.46 to USD 303.35. The valuation discussion therefore turns on the gap between the USD 304.14 consensus target and the latest traded price, alongside the company's USD 16.03-16.25 full-year Core FFO guidance.