Essex Property Trust Sees 458th Rank in Trading Volume with 1.77 Billion Shares Exchanged

On May 5, 2025, Essex Property Trust, Inc. (ESS) saw a significant increase in trading volume, with a total of 1.77 billion shares traded, marking a 46.91% rise from the previous day. This surge placed ESS at the 458th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of ESS experienced a decline of 1.54%.

Bank of America recently adjusted its price target for Essex Property Trust, slightly reducing it from $322 to $321. This minor adjustment reflects the bank's ongoing evaluation of the company's performance and market conditions.

Analysts polled by FactSet have given Essex Property Trust an average rating of Hold, with a mean price target of $310.33. This consensus rating suggests a cautious outlook on the stock's near-term prospects, despite the recent volatility in the real estate sector.