Zacks Research Issues Optimistic Forecast for ESS Earnings

Essex Property Trust, Inc. (NYSE:ESS - Free Report) - Analysts at Zacks Research lifted their Q1 2025 earnings estimates for shares of Essex Property Trust in a research report issued on Tuesday, January 7th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings of $3.90 per share for the quarter, up from their prior forecast of $3.89. The consensus estimate for Essex Property Trust's current full-year earnings is $15.57 per share. Zacks Research also issued estimates for Essex Property Trust's Q2 2025 earnings at $4.01 EPS, Q3 2025 earnings at $3.96 EPS, Q1 2026 earnings at $4.15 EPS and Q2 2026 earnings at $4.14 EPS.

Essex Property Trust (NYSE:ESS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $1.84 earnings per share for the quarter, missing the consensus estimate of $3.88 by ($2.04). The business had revenue of $450.70 million during the quarter, compared to the consensus estimate of $445.88 million. Essex Property Trust had a return on equity of 9.72% and a net margin of 31.55%. During the same period in the prior year, the firm earned $3.78 EPS.

A number of other research analysts also recently issued reports on the stock. Evercore ISI boosted their price target on shares of Essex Property Trust from $283.00 to $287.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Raymond James lowered shares of Essex Property Trust from an "outperform" rating to a "market perform" rating in a report on Monday, October 21st. Mizuho decreased their price target on Essex Property Trust from $325.00 to $300.00 and set an "outperform" rating for the company in a report on Monday. JPMorgan Chase & Co. lowered Essex Property Trust from a "neutral" rating to an "underweight" rating and lifted their price objective for the stock from $297.00 to $303.00 in a research report on Tuesday, December 17th. Finally, Scotiabank upped their target price on Essex Property Trust from $309.00 to $329.00 and gave the company a "sector outperform" rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $305.17.

Essex Property Trust Trading Up 0.9 %

ESS stock traded up $2.54 during trading on Thursday, hitting $272.60. The company had a trading volume of 541,321 shares, compared to its average volume of 276,353. The stock has a market cap of $17.52 billion, a PE ratio of 31.85, a PEG ratio of 5.90 and a beta of 0.90. The business has a 50-day moving average of $294.24 and a 200-day moving average of $291.36. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. Essex Property Trust has a one year low of $223.06 and a one year high of $317.73.

Essex Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $2.45 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $9.80 dividend on an annualized basis and a yield of 3.60%. Essex Property Trust's dividend payout ratio (DPR) is currently 114.49%.

Institutional Trading of Essex Property Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ESS. KBC Group NV grew its holdings in Essex Property Trust by 162.7% during the third quarter. KBC Group NV now owns 74,841 shares of the real estate investment trust's stock worth $22,109,000 after buying an additional 46,354 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Essex Property Trust during the 3rd quarter worth $541,000. Sanctuary Advisors LLC grew its stake in shares of Essex Property Trust by 92.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,710 shares of the real estate investment trust's stock worth $828,000 after acquiring an additional 1,300 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Essex Property Trust by 237.7% in the second quarter. Federated Hermes Inc. now owns 2,502 shares of the real estate investment trust's stock valued at $681,000 after purchasing an additional 1,761 shares during the last quarter. Finally, ING Groep NV lifted its position in shares of Essex Property Trust by 54.2% during the third quarter. ING Groep NV now owns 8,587 shares of the real estate investment trust's stock valued at $2,537,000 after purchasing an additional 3,018 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

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.