Scotiabank Issues Pessimistic Forecast for Essex Property Trust (NYSE:ESS) Stock Price

NodeGuardian · 2026-03-16T07:17:05+00:00

Scotiabank lowered Essex Property Trust's price target to $278 but maintains a "sector outperform" rating. The stock has a "Hold" rating among analysts and a consensus target of $283.31, with strong institutional investor support.

NodeGuardian

2026-03-16 07:17:05

Abstract generation in progress

Scotiabank has lowered its price target for Essex Property Trust (NYSE:ESS) from $284 to $278, although it maintains a “sector outperform” rating, suggesting a 9.53% upside. The real estate investment trust’s stock has an average “Hold” rating from analysts with a consensus target of $283.31, and the company recently reported a slight miss on quarterly EPS but beat revenue estimates. Institutional investors hold a significant 96.51% stake in the company.

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