Jefferies has downgraded Essex Property Trust Inc (ESS) to Hold from Buy, effective December 15, 2025. The current price stands at $259.64.
This move underscores a shift in sentiment regarding Essex Property Trust's outlook, suggesting increased caution. Analysts may be reflecting concerns about competitive pressures, market conditions, or execution risks that could affect the company's performance.
Essex Property Trust, a real estate investment trust based in San Mateo, California, manages approximately 257 apartment communities with over 62,000 homes across the West Coast. The company primarily focuses on acquiring and developing apartment communities in supply-constrained markets, particularly in Southern California, Northern California, and the Seattle metropolitan area. As of November 20, 2025, Essex boasts a market cap of $16.4 billion, a P/E ratio of 19.37, and an impressive dividend yield of 403.7%.
Looking ahead, the company is set to report its next earnings on July 27, 2026, with an estimated EPS of $1.55 and revenue of $489.0 million. Recent earnings have shown strong performance, including a Q3 2025 EPS of $2.56, significantly exceeding estimates.
Analyst ratings and price targets provide insights based on research and financial models, but they should be considered alongside company fundamentals and market trends. It's important to remember that analyst views can change as new information emerges, and different analysts may have varying opinions on the same company.