Is Wall Street Bullish or Bearish on Essex Property Trust Stock?

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Essex Property Trust (ESS) shares have underperformed the broader market and the Real Estate Select Sector SPDR ETF over the past year. Despite reporting Q4 2025 results with positive 2026 guidance for revenue and FFO growth, and anticipated cap rate compression in Northern California, analysts maintain a consensus “Hold” rating on the stock, with a mean price target suggesting a modest premium to current levels.

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