Zacks Research Issues Optimistic Estimate for ESS Earnings

Essex Property Trust, Inc. (NYSE:ESS) – Equities researchers at Zacks Research upped their Q1 2025 earnings estimates for shares of Essex Property Trust in a research note issued to investors on Tuesday, January 7th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings of $3.90 per share for the quarter, up from their previous estimate 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.

Several other analysts have also weighed in on ESS. Raymond James lowered Essex Property Trust from an “outperform” rating to a “market perform” rating in a report on Monday, October 21st. Barclays started coverage on shares of Essex Property Trust in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $316.00 price target on the stock. Bank of America lowered Essex Property Trust from a “buy” rating to a “neutral” rating and upped their target price for the company from $307.00 to $321.00 in a research note on Tuesday, September 24th. JPMorgan Chase & Co. cut 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, Evercore ISI increased their price target 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. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $305.17.

Essex Property Trust Stock Performance

ESS opened at $272.60 on Thursday. The stock’s 50 day simple moving average is $294.46 and its 200 day simple moving average is $291.49. The stock has a market cap of $17.52 billion, a P/E ratio of 31.85, a P/E/G ratio of 5.90 and a beta of 0.90. Essex Property Trust has a 1-year low of $223.06 and a 1-year high of $317.73. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.14 and a quick ratio of 1.14.

Essex Property Trust (NYSE:ESS) last issued its earnings results 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). Essex Property Trust had a return on equity of 9.72% and a net margin of 31.55%. The company had revenue of $450.70 million for the quarter, compared to analyst estimates of $445.88 million. During the same quarter in the previous year, the company posted $3.78 earnings per share.

Institutional Trading of Essex Property Trust

Large investors have recently bought and sold shares of the company. Assetmark Inc. boosted its stake in shares of Essex Property Trust by 2,400.0% in the third quarter. Assetmark Inc. now owns 100 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 96 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Essex Property Trust during the third quarter valued at about $39,000. Continuum Advisory LLC increased its position in shares of 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 worth $68,000 after acquiring an additional 115 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Essex Property Trust during the third quarter worth about $89,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Essex Property Trust by 1,247.2% in the third quarter. Exchange Traded Concepts LLC now owns 485 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 449 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Essex Property Trust Dividend Announcement

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