Scotiabank Rates Essex Property Trust (ESS) buy
Analyst Nicholas Yulico has kept a buy rating on Essex Property Trust, pointing to a price target of $290, a 3.83% upside from the current price.
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Scotiabank rated Essex Property Trust, Inc. ($ESS) "buy" with a $290 price target on June 18, 2026.
Since the rating, $ESS is up 4.3% after 1 week, up 8.3% after 1 month and up 0.2% to date (from the $268.75 close on Jun 18, 2026).
ESS
Essex Property Trust, Inc.
Key Points
- Scotiabank analyst Nicholas Yulico reiterated a buy rating on Essex Property Trust, NYSE ESS, on June 18, 2026, setting a price target of $290.
- Scotiabank's $290 price target implies 3.83% upside from Essex Property Trust, Inc.'s ($ESS) current $279.30 share price.
- The stock traded around $279.30, positioning itself near its 50-day moving average while sitting above its 200-day mark.
- Across the broader Wall Street community, the residential real estate investment trust draws coverage from 25 analysts.
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Scotiabank Stands By Its Outlook For Essex Property Trust
Scotiabank analyst Nicholas Yulico kept a buy rating on Essex Property Trust, NYSE ESS, on June 18, 2026, setting a price target of $290. The updated stance places the target above where the stock has recently changed hands, giving market watchers a benchmark to track as the residential landlord moves through the middle months of the year.
Where The Stock Trades Right Now
Shares changed hands at $279.30 around the time of the update. That spot price puts the real estate investment trust near its 50-day moving average of $284.96 while staying comfortably above its 200-day moving average of $267.71. Over the past year, the equity has moved between a low of $238.46 and a high of $303.35.
$ESS price target
Essex Property Trust, Inc. daily closes and this analyst's $290 target. Not advice.
Wall Street Adjusts Targets Across The Sector
Other major brokerage houses have also updated their outlooks on the residential landlord through the autumn months. On October 14, 2026, UBS kept a neutral rating while shifting its target to $275 from $286. On that same date, Barclays maintained an equal-weight rating and moved its target from $297 down to $285. Earlier in October, RBC Capital kept an outperform rating with a target of $298, while Piper Sandler held an overweight rating with a target of $326. Evercore ISI Group kept an outperform rating on September 21, 2026, with a target of $299, and Scotiabank itself previously held a target of $307 on September 17, 2026. Mizuho moved to a neutral rating on September 8, 2026, setting a target of $295, and Barclays also kept an equal-weight stance back in August.
Inside The Residential Real Estate Portfolio
Essex Property Trust is a real estate investment trust that acquires, develops, and manages multifamily residential properties along the West Coast. The firm owns interest in apartment communities spanning over 62,000 apartment homes. As an S&P 500 company based in San Mateo, California, its portfolio focuses on supply-constrained West Coast markets where renter demand remains steady.
Looking Ahead For Shareholders
Investors will look toward the next corporate earnings release scheduled for late October 2026 to gauge rental income trends and occupancy rates across the portfolio. Analyst targets across the broader street average out near $304, providing a point of comparison as market conditions evolve.
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Source: Scotiabank's rating change on $ESS (Jun 18, 2026). Written by software, not financial advice. How we make alerts