Zacks Research Has Bullish Outlook for ESS FY2025 Earnings

Essex Property Trust, Inc. (NYSE:ESS) – Equities researchers at Zacks Research raised their FY2025 earnings estimates for Essex Property Trust in a report issued on Tuesday, January 7th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will earn $15.97 per share for the year, up from their previous estimate 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.

A number of other equities analysts also recently weighed in on the stock. Mizuho lowered their target price on shares of Essex Property Trust from $325.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday. Raymond James lowered Essex Property Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, October 21st. Evercore ISI raised their target price on Essex Property Trust from $283.00 to $287.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. lowered Essex Property Trust from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $297.00 to $303.00 in a research note on Tuesday, December 17th. Finally, Barclays started coverage on shares of Essex Property Trust in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $316.00 price objective for the company. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $305.17.

Essex Property Trust Stock Up 0.9 %

Shares of ESS opened at $272.60 on Friday. The company has a market capitalization of $17.52 billion, a PE ratio of 31.85, a PEG ratio of 5.90 and a beta of 0.92. The stock’s 50-day moving average price is $294.24 and its two-hundred day moving average price is $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 12 month low of $223.06 and a 12 month high of $317.73.

Essex Property Trust (NYSE:ESS) 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.

Institutional Trading of Essex Property Trust

A number of institutional investors have recently modified their holdings of the business. Assetmark Inc. grew its holdings in Essex Property Trust by 2,400.0% during the 3rd quarter. Assetmark Inc. now owns 100 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 96 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Essex Property Trust in the third quarter valued at approximately $39,000. Continuum Advisory LLC grew its stake in Essex Property Trust by 104.5% during the third quarter. Continuum Advisory LLC now owns 225 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 115 shares in the last quarter. Sentry Investment Management LLC bought a new stake in Essex Property Trust during the 3rd quarter worth approximately $89,000. Finally, Exchange Traded Concepts LLC increased its holdings in Essex Property Trust by 1,247.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 485 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 449 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Essex Property Trust Announces Dividend

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

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.