Mizuho Rates Essex Property Trust (ESS) buy, $308 Price Target

Mizuho maintains a buy rating on Essex Property Trust, lifting its price target to $308, a 8.55% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:16 PM EDT · Updated Jun 13, 2026, 1:00 AM EDT

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Mizuho rated Essex Property Trust, Inc. ($ESS) "buy" with a $308 price target on June 10, 2026.

Since the rating, $ESS is down 3.6% after 1 week, up 4.0% after 1 month and down 3.6% to date (from the $279.48 close on Jun 10, 2026).

ESS Essex Property Trust, Inc.

$269.43 +7.97% year to date

Daily close · Oct 16, 2026

Key Points

On June 10, 2026, Mizuho reiterated its buy rating on Essex Property Trust (NYSE: ESS) with a new price target of $308, up from $295.
Currently, shares of Essex Property Trust are trading at $283.75, which is below the new price target, suggesting potential upside.
Essex Property Trust operates in the residential REIT sector, managing over 62,000 apartment homes, and is set to report earnings on October 27, 2026.

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Mizuho Lifts Price Target for Essex Property Trust

Mizuho has reiterated its buy rating on Essex Property Trust (ESS) and raised its price target to $308, up from a previous target of $295. This update was made on June 10, 2026, as the shares are currently trading at $283.75. The adjusted target reflects Mizuho's positive outlook toward the company despite recent market fluctuations.

What Changed in Mizuho's Position

With this latest move, Mizuho is expressing confidence in Essex Property Trust's future, increasing the price target by about 4.4%. The firm has previously valued Essex's potential lower, but the new target suggests that Mizuho sees greater opportunity for growth now.

Analysts Set New Price Targets

Essex Property Trust has seen varying analyst ratings recently. On October 14, 2026, UBS maintained a Neutral rating, setting a target price of $275, down from $286. Barclays also maintained an Equal-Weight rating, lowering its target to $285 from $297 on the same day. RBC Capital is more optimistic, holding an Outperform rating with a target of $298, down from $312 as of October 13, 2026. Meanwhile, Piper Sandler has an Overweight rating with a target set at $326, down from $352, reflecting a cautious view amid market changes.

Stock Performance Context

Essex Property Trust shares are currently trading at $283.75, which is within the range of its 52-week low of $238.46 and high of $303.35. This positioning below the new price target indicates that analysts see a potential upside for investors, especially as this is an encouraging sign given that the stock has been fluctuating in recent months.

12-month forecast

$ESS price target

Essex Property Trust, Inc. daily closes and this analyst's $308 target. Not advice.

Recent Earnings

The company reported revenue of approximately $1.98 billion with a revenue growth rate of 3.1%. Essex has a net margin of about 20.9% and an EPS of $6.43. The next earnings report is expected on October 27, 2026, which may provide more insights into the company's financial health and future outlook.

What ESS Does

Essex Property Trust, Inc. is a real estate investment trust focused on acquiring, developing, and managing multifamily residential properties along the West Coast. The company currently owns interests in 258 apartment communities, making it a significant player in the residential real estate market.

What to Watch at ESS

Investors will be keen on the upcoming earnings report scheduled for October 27, 2026, as it may provide additional insights into Essex Property Trust's performance and potentially affect analyst ratings further. It's important to remember that Mizuho's rating reflects its view as of the current period and may not account for future market changes.