Zacks Research Has Positive Forecast for ESS FY2025 Earnings

Essex Property Trust, Inc. (NYSE:ESS) – Analysts at Zacks Research lifted their FY2025 earnings estimates for shares of Essex Property Trust in a report released on Tuesday, January 7th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings per share of $15.97 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.

A number of other research firms have also recently weighed in on ESS. Bank of America cut shares of Essex Property Trust from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $307.00 to $321.00 in a report on Tuesday, September 24th. JPMorgan Chase & Co. cut shares of Essex Property Trust from a “neutral” rating to an “underweight” rating and raised their target price for the company from $297.00 to $303.00 in a research note on Tuesday, December 17th. Evercore ISI upped their price target on shares of 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. Raymond James lowered shares of Essex Property Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, October 21st. Finally, Scotiabank upped their target price on Essex Property Trust from $309.00 to $329.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $305.17.

Essex Property Trust Price Performance

ESS opened at $272.60 on Friday. 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’s 50-day moving average price is $294.24 and its 200 day moving average price is $291.36. Essex Property Trust has a fifty-two week low of $223.06 and a fifty-two week high of $317.73. The firm has a market cap of $17.52 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 5.90 and a beta of 0.92.

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 (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $450.70 million for the quarter, compared to analysts’ expectations of $445.88 million. During the same quarter in the previous year, the firm posted $3.78 EPS.

Institutional Investors Weigh In On Essex Property Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Assetmark Inc. boosted its holdings in shares of 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 worth $30,000 after buying an additional 96 shares during the period. Brooklyn Investment Group bought a new position in Essex Property Trust in the 3rd quarter valued at about $39,000. Continuum Advisory LLC lifted its holdings in shares of Essex Property Trust by 104.5% during the 3rd 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 period. Sentry Investment Management LLC acquired a new stake in shares of Essex Property Trust during the 3rd quarter worth approximately $89,000. Finally, Exchange Traded Concepts LLC raised its position in Essex Property Trust by 1,247.2% during 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 in the last quarter. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust Dividend Announcement

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. This represents a $9.80 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Thursday, January 2nd. Essex Property Trust’s dividend payout ratio 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.