Essex Property Trust (NYSE:ESS) Updates Q1 2025 Earnings Guidance

Essex Property Trust (NYSE:ESS) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.860-3.980 for the period, compared to the consensus earnings per share estimate of 3.930. The company issued revenue guidance of -. Essex Property Trust also updated its FY 2025 guidance to 15.560-16.060 EPS.

Essex Property Trust Trading Up 1.1 %

Essex Property Trust stock opened at $287.48 on Wednesday. The stock has a 50-day moving average price of $287.79 and a 200 day moving average price of $292.33. The company has a market capitalization of $18.48 billion, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 6.60 and a beta of 0.92. Essex Property Trust has a 52 week low of $223.06 and a 52 week high of $317.73. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.13.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.92 EPS for the quarter, beating the consensus estimate of $1.40 by $2.52. Essex Property Trust had a net margin of 31.55% and a return on equity of 9.72%. Sell-side analysts anticipate that Essex Property Trust will post 15.58 EPS for the current year.

Essex Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were given a dividend of $2.45 per share. This represents a $9.80 annualized dividend and a yield of 3.41%. The ex-dividend date was Thursday, January 2nd. Essex Property Trust’s dividend payout ratio is currently 114.49%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ESS. Mizuho decreased their price objective on Essex Property Trust from $325.00 to $300.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Barclays decreased their price target on Essex Property Trust from $316.00 to $302.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Wells Fargo & Company dropped their price objective on shares of Essex Property Trust from $314.00 to $305.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Raymond James cut shares of Essex Property Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. downgraded shares of Essex Property Trust from a “neutral” rating to an “underweight” rating and increased their price target for the stock from $297.00 to $303.00 in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $304.32.

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.