Zacks Research Issues Pessimistic Forecast for ESS Earnings

Essex Property Trust, Inc. (NYSE:ESS - Free Report) - Equities researchers at Zacks Research cut their Q3 2025 earnings estimates for Essex Property Trust in a report issued on Tuesday, November 19th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will earn $4.00 per share for the quarter, down from their previous estimate of $4.03. The consensus estimate for Essex Property Trust's current full-year earnings is $15.56 per share. Zacks Research also issued estimates for Essex Property Trust's Q4 2025 earnings at $4.09 EPS, FY2025 earnings at $15.95 EPS, Q3 2026 earnings at $4.08 EPS and FY2026 earnings at $16.48 EPS.

A number of other equities analysts have also commented on the stock. Wedbush lifted their price target on shares of Essex Property Trust from $264.00 to $301.00 and gave the stock a "neutral" rating in a report on Monday, August 5th. Wells Fargo & Company raised their price objective on Essex Property Trust from $269.00 to $314.00 and gave the stock an "equal weight" rating in a research report on Monday, August 26th. Truist Financial increased their target price on shares of Essex Property Trust from $282.00 to $294.00 and gave the company a "hold" rating in a research report on Tuesday, August 27th. Piper Sandler boosted their price target on shares of Essex Property Trust from $315.00 to $355.00 and gave the stock an "overweight" rating in a research report on Monday, August 26th. Finally, Raymond James cut shares of Essex Property Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $297.00.

Essex Property Trust Trading Up 0.4 %

NYSE:ESS traded up $1.19 during mid-day trading on Friday, hitting $305.53. 213,711 shares of the company's stock were exchanged, compared to its average volume of 376,071. Essex Property Trust has a fifty-two week low of $210.36 and a fifty-two week high of $317.73. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $19.64 billion, a P/E ratio of 35.58, a PEG ratio of 5.94 and a beta of 0.88. The company has a 50 day simple moving average of $297.34 and a 200-day simple moving average of $284.82.

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

Hedge Funds Weigh In On Essex Property Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Essex Property Trust by 732.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 719,596 shares of the real estate investment trust's stock valued at $212,583,000 after buying an additional 633,200 shares in the last quarter. Wulff Hansen & CO. grew its stake in Essex Property Trust by 27,120.0% in the 2nd quarter. Wulff Hansen & CO. now owns 425,721 shares of the real estate investment trust's stock valued at $115,881,000 after buying an additional 424,157 shares in the last quarter. Duff & Phelps Investment Management Co. bought a new stake in Essex Property Trust during the 2nd quarter valued at $98,594,000. International Assets Investment Management LLC purchased a new stake in shares of Essex Property Trust during the third quarter worth $84,393,000. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Essex Property Trust by 154.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 444,391 shares of the real estate investment trust's stock worth $131,282,000 after acquiring an additional 269,923 shares during the period. Institutional investors own 96.51% of the company's stock.

Insiders Place Their Bets

In other news, CEO Angela L. Kleiman sold 8,080 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $315.10, for a total transaction of $2,546,008.00. Following the transaction, the chief executive officer now owns 9,494 shares of the company's stock, valued at $2,991,559.40. This represents a 45.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amal M. Johnson sold 7,298 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $316.31, for a total value of $2,308,430.38. Following the transaction, the director now owns 2,585 shares of the company's stock, valued at $817,661.35. The trade was a 73.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,402 shares of company stock valued at $6,399,663 in the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

Essex Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a $2.45 dividend. The ex-dividend date was Monday, September 30th. This represents a $9.80 annualized dividend and a yield of 3.21%. Essex Property Trust's dividend payout ratio (DPR) is 114.49%.

About Essex Property Trust

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.