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Wells Fargo & Company Cuts Essex Property Trust (NYSE:ESS) Price Target to $262.00
Wells Fargo & Company has reduced its price target for Essex Property Trust (NYSE:ESS) from $268.00 to $262.00, maintaining an “equal weight” rating, which suggests a modest potential upside of 2.70%. This adjustment follows Essex Property Trust reporting Q4 EPS of $3.98, missing estimates, despite beating revenue expectations at $479.63 million, and issuing a FY 2026 EPS guidance of $15.69-$16.19. The consensus among sell-side analysts for ESS is a “Hold” rating with an average target price of $281.63, reflecting conservative sentiment toward the stock.