Barclays Raises the Firm's PT on Essex Property Trust (ESS) Stock

Essex Property Trust, Inc. (NYSE:ESS) is one of the Best Depressed Stocks to Buy Right Now. On January 13, Barclays lifted the firm’s price objective on the company’s stock to $292 from $290, while keeping an “Equal Weight” rating, as reported by The Fly. Notably, the firm adjusted its ratings and targets in the broader real estate investment trust group. This was part of its 2026 outlook. The firm expects most upside in apartments, storage, and single-family rentals in 2026. It is least positive on cold storage and retail. Overall, it is Neutral on REITs for 2026.

On January 9, BMO Capital analyst John Kim downgraded Essex Property Trust, Inc. (NYSE:ESS)’s stock to “Market Perform” from “Outperform” with a price objective of $280, down from the prior target of $305. The firm adjusted its real estate investment trust ratings in light of its 2026 outlook.

As per the analyst, Essex Property Trust, Inc. (NYSE:ESS)’s funds from operations growth moderated because of Los Angeles weakness as well as preferred redemptions, and these are expected to remain headwinds in 2026.

Essex Property Trust, Inc. (NYSE:ESS) is a fully integrated real estate investment trust.

While we acknowledge the potential of ESS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now

Disclosure: None. This article is originally published at Insider Monkey.