Zacks Research Has Bullish Forecast for ESS FY2025 Earnings

Essex Property Trust, Inc. (NYSE:ESS - Free Report) - Zacks Research boosted their FY2025 earnings per share (EPS) estimates for Essex Property Trust in a research note issued on Tuesday, January 7th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will earn $15.97 per share for the year, up from their prior forecast of $15.95. 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 Q3 2026 earnings at $4.10 EPS, Q4 2026 earnings at $4.18 EPS and FY2026 earnings at $16.57 EPS.

Essex Property Trust (NYSE:ESS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $1.84 earnings per share for the quarter, missing analysts' consensus estimates 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.

A number of other research analysts have also recently issued reports on ESS. Bank of America cut shares of Essex Property Trust from a "buy" rating to a "neutral" rating and raised their price target for the stock from $307.00 to $321.00 in a report on Tuesday, September 24th. Raymond James cut Essex Property Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, October 21st. JPMorgan Chase & Co. lowered Essex Property Trust from a "neutral" rating to an "underweight" rating and increased their price objective for the company from $297.00 to $303.00 in a report on Tuesday, December 17th. Mizuho decreased their target price on Essex Property Trust from $325.00 to $300.00 and set an "outperform" rating for the company in a report on Monday. Finally, Barclays assumed coverage on shares of Essex Property Trust in a report on Tuesday, December 17th. They issued an "equal weight" rating and a $316.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $305.17.

Essex Property Trust Stock Up 0.1 %

Shares of Essex Property Trust stock traded up $0.19 during trading on Friday, reaching $272.83. The company's stock had a trading volume of 1,105,539 shares, compared to its average volume of 533,690. Essex Property Trust has a 1-year low of $223.06 and a 1-year high of $317.73. The company has a 50-day simple moving average of $294.24 and a two-hundred day simple moving average of $291.36. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.13. The company has a market cap of $17.53 billion, a price-to-earnings ratio of 31.87, a P/E/G ratio of 5.90 and a beta of 0.92.

Essex Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $2.45 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $9.80 dividend on an annualized basis and a dividend yield of 3.59%. Essex Property Trust's dividend payout ratio (DPR) is presently 114.49%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ESS. Legacy Wealth Asset Management LLC raised its position in Essex Property Trust by 4.7% in the third quarter. Legacy Wealth Asset Management LLC now owns 775 shares of the real estate investment trust's stock worth $229,000 after acquiring an additional 35 shares in the last quarter. CWA Asset Management Group LLC lifted its stake in shares of Essex Property Trust by 5.0% during the 4th quarter. CWA Asset Management Group LLC now owns 803 shares of the real estate investment trust's stock worth $229,000 after purchasing an additional 38 shares during the period. Captrust Financial Advisors boosted its stake in Essex Property Trust by 3.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,461 shares of the real estate investment trust's stock worth $432,000 after buying an additional 51 shares during the last quarter. Quilter Plc grew its holdings in Essex Property Trust by 0.6% in the second quarter. Quilter Plc now owns 8,698 shares of the real estate investment trust's stock valued at $2,368,000 after purchasing an additional 52 shares during the period. Finally, Mather Group LLC. increased its holdings in shares of Essex Property Trust by 7.4% during the 3rd quarter. Mather Group LLC. now owns 781 shares of the real estate investment trust's stock worth $231,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

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.