Essex Property Trust, Inc. (NYSE:ESS) is included among the 10 Safe Stocks to Buy for the Long Term in 2026.
On May 27, Truist raised the firm’s price recommendation on Essex Property Trust, Inc. (NYSE:ESS) to $286 from $273
It reiterated a Hold rating on the shares. The firm said it adjusted its model to reflect assumptions of $300M in acquisitions for 2026 and $75M in dispositions, the analyst said in a research note. On May 15, Scotiabank raised its price goal on ESS to $282 from $278.
It maintained an Outperform rating on the shares. The firm said it is updating price targets for the U.S. multifamily REITs under its coverage. Scotiabank expects a slower recovery across Sunbelt markets, estimating that it could take several years to absorb the excess supply created by overbuilding in many of those areas.