Essex Property Trust (ESS) Expected to Announce Quarterly Earnings on Tuesday

Essex Property Trust (NYSE:ESS - Get Free Report) is expected to be releasing its Q1 2025 earnings data after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of $3.92 per share and revenue of $458.03 million for the quarter. Essex Property Trust has set its FY 2025 guidance at 15.560-16.060 EPS and its Q1 2025 guidance at 3.860-3.980 EPS.

Essex Property Trust (NYSE:ESS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $2.52. Essex Property Trust had a return on equity of 13.05% and a net margin of 41.79%. On average, analysts expect Essex Property Trust to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Essex Property Trust Trading Down 0.4 %

Shares of NYSE:ESS traded down $1.10 during mid-day trading on Friday, hitting $275.50. The stock had a trading volume of 241,805 shares, compared to its average volume of 400,396. The company's 50 day moving average is $290.09 and its 200-day moving average is $291.02. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.14 and a current ratio of 1.14. Essex Property Trust has a 12-month low of $240.58 and a 12-month high of $317.73. The company has a market cap of $17.72 billion, a PE ratio of 23.87, a P/E/G ratio of 6.84 and a beta of 0.78.

Essex Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $2.57 dividend. This is an increase from Essex Property Trust's previous quarterly dividend of $2.45. This represents a $10.28 annualized dividend and a yield of 3.73%. The ex-dividend date was Monday, March 31st. Essex Property Trust's dividend payout ratio is currently 89.08%.

Analysts Set New Price Targets

ESS has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on shares of Essex Property Trust from $302.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Wells Fargo & Company reduced their price objective on Essex Property Trust from $314.00 to $305.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Evercore ISI raised their price target on Essex Property Trust from $297.00 to $302.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Barclays reduced their price target on Essex Property Trust from $304.00 to $303.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Finally, BMO Capital Markets upgraded Essex Property Trust from a "market perform" rating to an "outperform" rating and dropped their price objective for the stock from $323.00 to $310.00 in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Essex Property Trust presently has an average rating of "Hold" and a consensus target price of $307.11.

Insider Buying and Selling at Essex Property Trust

In related news, Director Keith R. Guericke sold 7,298 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $315.00, for a total transaction of $2,298,870.00. Following the completion of the transaction, the director now directly owns 16,118 shares in the company, valued at $5,077,170. This represents a 31.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Kasaris sold 2,800 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $300.80, for a total transaction of $842,240.00. Following the completion of the sale, the director now owns 1,755 shares in the company, valued at $527,904. This represents a 61.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,345 shares of company stock valued at $6,682,539 in the last 90 days. 3.46% of the stock is currently owned by insiders.

Essex Property Trust Company Profile

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.