Cantor Fitzgerald has initiated coverage on Essex Property Trust Inc (ESS) with an Overweight rating, marking the firm's first assessment of the company.
Essex Property Trust, headquartered in San Mateo, California, operates as a real estate investment trust. The company focuses on acquiring, developing, and managing apartment communities primarily in coastal markets on the West Coast. It currently holds interests in approximately 257 apartment communities, comprising over 62,000 apartment homes.
As of September 30, 2025, the stock is priced at $258.31. The company has a market capitalization of $16.4 billion, with a trailing P/E ratio of 19.37 and an EPS of 13.15. The upcoming earnings report is scheduled for July 27, 2026, with an estimated EPS of $1.56 and revenue of $489.0 million.
Analyst ratings, such as this one, provide insights based on research and financial models, but they reflect assumptions that may not always materialize. Investment decisions should consider a range of factors, including company fundamentals and market trends, rather than relying solely on analyst opinions.
This update provides insight into the shifting landscape of analyst ratings, which can change as new information becomes available. Currently, the consensus among analysts is a Hold, with 2 Strong Buy, 9 Buy, 18 Hold, 1 Sell, and 1 Strong Sell ratings.