Mizuho Reiterates Buy Rating for Essex Property Trust
Mizuho has reaffirmed its buy rating on Essex Property Trust, setting a price target of $308.
Key Points
- Mizuho reiterated its buy rating on Essex Property Trust, Inc. (ESS) with a price target of $308 on June 10, 2026.
- Essex Property Trust shares are trading at $283.75, with a market cap of $18.23 billion and a P/E ratio of 32.0.
- Recent insider trades include Mary Kasaris selling 600 shares and multiple insiders buying shares in May 2026.
Mizuho has reiterated its buy rating for Essex Property Trust, Inc. (NYSE: ESS), maintaining a price target of $308. This reaffirmation by analyst Vikram Malhorta came on June 10, 2026. Essex shares are currently trading at $283.75.
Essex Property Trust Stock Snapshot
Shares of NYSE:ESS are trading near $283.75. Essex Property Trust has a market cap of approximately $18.23 billion and a P/E ratio of 31.95. The stock's 52-week range spans from $238.46 to $294.09. It has a 50-day moving average of $266.14 and a 200-day moving average of $259.46. The company maintains a current ratio of 0.3 and a debt-to-equity ratio of 121.86.
Recent Earnings
In its last earnings report, Essex Property Trust posted $1.97 billion in revenue, reflecting a growth rate of 6.4%. The company's net margin stood at 29.1%, with a return on equity of 10.6%. The next earnings announcement is expected on April 28, 2026.
Dividend
Essex Property Trust offers an annual dividend rate of $10.36, yielding 3.65%. The dividend payout ratio is 115.86%.
Insider Buying and Selling at Essex Property Trust, Inc.
Recent insider activity includes Mary Kasaris selling 600 shares at an average price of $279.45 on May 27, 2026. On May 12, 2026, John Arabia, Irving Lyons III, George Marcus, Mary Kasaris, and Anne Gust each acquired 633 shares.
Analysts Set New Price Targets
On June 10, 2026, Mizuho maintained its buy rating with a $308 target. Earlier, on June 1, 2026, Evercore ISI Group upgraded the stock to a buy with a $295 target. Wells Fargo maintained a hold rating with a $280 target on the same day. The consensus among analysts is a hold, with a mean target price of $286.50 based on 23 opinions.
About Essex Property Trust
Essex Property Trust, Inc., based in San Mateo, California, is a real estate investment trust specializing in multifamily residential properties. With over 63,000 apartment homes across 259 communities, Essex focuses on West Coast markets. The company was founded in 1971 and is part of the S&P 500.
Bottom Line
Mizuho's reiteration of a buy rating for Essex Property Trust highlights continued confidence in the company's performance. Trading at $283.75, Essex remains a significant player in the residential real estate sector. Investors often track these analyst ratings as part of their broader investment research.
See Also
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