Piper Sandler keeps USD 326.00 target for Essex Property Trust stock

Published on 10/17/2026 at 21:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are due on October 27, 2026. Essex Property Trust stock was last at USD 269.43 on October 16, 2026, down 0.09 percent on NYSE.

Analyst target and reporting date

Piper Sandler maintained a USD 326.00 target on October 12, 2026.
Essex Property Trust plans to report third-quarter results on October 27, 2026.
Essex Property Trust stock was last at USD 269.43 on October 16, 2026 at 4:00 p.m. ET, down 0.09 percent versus the NYSE prior close of USD 269.66.
The stock carried a trailing P/E ratio of 41.90.

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Essex Property Trust stock is measured against a USD 326.00 price target that Piper Sandler maintained on October 12, 2026, leaving the target 21.00 percent above the last NYSE price of USD 269.43. The stock was last at USD 269.43 on October 16, 2026 at 4:00 p.m. ET, down 0.09 percent from the USD 269.66 prior close.

Results date set for October 27

Essex Property Trust plans to release third-quarter 2026 results after the market closes on October 27, 2026, with the conference call scheduled for October 28, 2026. FT reported that the company set those dates on October 6, 2026. The prior second quarter produced USD 489.05 million in revenue and USD 4.08 in adjusted earnings per share, according to MarketBeat.

Price remains below yearly high

The NYSE quote stood 11.19 percent below its USD 303.35 52-week high and 13.01 percent above its USD 238.46 low on October 16, 2026. The USD 17.3 billion market capitalization places the company among the larger publicly traded residential real estate investment trusts. The latest reported quarter also included USD 254.06 million in operating cash flow through June 30, 2026.

Valuation and income metrics

Essex Property Trust carried a trailing P/E ratio of 41.90 and a dividend yield of 4.00 percent in the latest quote. Piper Sandler's USD 326.00 target gives investors a clearly defined comparison with the last NYSE price, while the October 27 reporting date provides the next scheduled company event. The company's portfolio consists of apartment communities concentrated in West Coast markets.

Comparison with peers

Essex Property Trust (NYSE, USD): minus 0.09 percent, P/E 41.90, market capitalization USD 17.3 billion
AvalonBay Communities (NYSE, USD): P/E 25.35, market capitalization USD 26.3 billion
Equity Residential (NYSE, USD): minus 3.50 percent, P/E 27.92, market capitalization USD 23.9 billion

Price and next date

The next market test is the October 27 earnings release, when revenue and earnings will be measured against the second-quarter base of USD 489.05 million and USD 4.08 adjusted earnings per share. The last NYSE price was USD 269.43 on October 16, 2026 at 4:00 p.m. ET, down 0.09 percent versus USD 269.66.