Essex Property Trust's 15-minute chart shows bullish signs with KDJ Golden Cross and Marubozu.

Essex Property Trust's 15-minute chart recently exhibited a KDJ Golden Cross and Bullish Marubozu pattern on July 16, 2025, at 12:30. This shift in momentum suggests a potential upward trajectory for the stock price, with buyers taking control of the market and maintaining bullish momentum.

Essex Property Trust's 15-minute chart recently exhibited a KDJ Golden Cross and Bullish Marubozu pattern on July 16, 2025, at 12:30. This technical analysis suggests a potential upward trajectory for the stock price, with buyers taking control of the market and maintaining bullish momentum.

The KDJ Golden Cross, a bullish indicator, occurs when the KDJ line crosses above the D line, indicating a shift in the momentum from bearish to bullish. The Bullish Marubozu pattern, characterized by a single candle with no wicks, suggests strong buying pressure. Together, these patterns signal a potential reversal in the stock's downward trend [1].

Essex Property Trust, Inc. (ESS), a leading residential real estate investment trust (REIT), has been performing well in the West Coast property market. The company's core focus areas include acquiring, developing, redeveloping, and managing multifamily residential properties. Despite a recent 4.7% gain over the past 52 weeks, the stock has lagged behind the S&P 500 Index's 11.7% rise and the Real Estate Select Sector SPDR Fund’s 7.9% return [2].

However, the company's Q1 results were impressive, with same-property revenue improving 3.4% from the year-ago quarter and same-property net operating income rising 3.3% year-over-year to $284.9 million. The core FFO of $3.97 per share advanced 3.7% from the same period last year, surpassing the consensus estimate by 1.3% [2].

Looking ahead, ESS reaffirmed its core FFO per share guidance for fiscal 2025, expecting it to be between $15.56 and $16.06. For fiscal 2026, its FFO per share is expected to grow 3.2% year-over-year to $16.45 [2]. Wall Street analysts are moderately optimistic about ESS’ stock, with a "Moderate Buy" rating overall. Among 26 analysts covering the stock, seven recommend "Strong Buy," two indicate "Moderate Buy," 15 suggest "Hold,” and two advise "Strong Sell” rating. The mean price target for ESS is $309.92, indicating an 8.4% potential upside from the current levels [2].

Institutional investors and hedge funds have also shown interest in ESS. Over the first quarter, OVERSEA CHINESE BANKING Corp Ltd increased its position in ESS by 56.2%, owning 30,022 shares worth $9,204,000 at the end of the quarter. Other institutional investors such as Norges Bank, Wealthquest Corp, GAMMA Investing LLC, Northern Trust Corp, and Balyasny Asset Management L.P. have also increased their stakes in ESS [3].

Essex Property Trust's recent earnings report showed a strong performance, with EPS of $3.97 for the quarter, beating the consensus estimate of $3.92 by $0.05. The company also declared a quarterly dividend of $2.57 per share, representing a $10.28 annualized dividend and a dividend yield of 3.61% [3].

Despite the positive indicators, risks such as elevated supply of apartment units in some markets and significant concentration of assets in specific regions could impact ESS’s performance. Analysts are bullish on ESS, with a Zacks Consensus Estimate for its 2025 FFO per share at $15.93 [3].

References:
[1] https://www.ainvest.com/news/essex-property-trust-15min-chart-sees-kdj-golden-cross-bullish-marubozu-signal-2507-83/
[2] https://www.nasdaq.com/articles/essex-property-stock-gains-126-three-months-will-trend-last
[3] https://www.marketbeat.com/instant-alerts/filing-oversea-chinese-banking-corp-ltd-purchases-10801-shares-of-essex-property-trust-inc-nyseess-2025-07-15/