Essex Property Trust (NYSE:ESS) Releases FY 2025 Earnings Guidance

Essex Property Trust (NYSE:ESS) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 15.560-16.060 for the period, compared to the consensus estimate of 16.000. The company issued revenue guidance of -. Essex Property Trust also updated its Q1 2025 guidance to 3.860-3.980 EPS.

Analyst Upgrades and Downgrades

Several analysts recently commented on ESS shares. Barclays cut their price objective 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 cut their price target on Essex Property Trust from $314.00 to $305.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Raymond James lowered shares of Essex Property Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. downgraded shares of Essex Property Trust from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $297.00 to $303.00 in a report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Essex Property Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $308.00 to $310.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $304.32.

Essex Property Trust Stock Performance

Shares of NYSE:ESS opened at $287.48 on Wednesday. The firm has a fifty day simple moving average of $287.79 and a two-hundred day simple moving average of $292.33. 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. The stock has a market capitalization of $18.48 billion, a P/E ratio of 33.58, a PEG ratio of 6.60 and a beta of 0.92.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.92 EPS for the quarter, topping the consensus estimate of $1.40 by $2.52. Essex Property Trust had a return on equity of 9.72% and a net margin of 31.55%. On average, analysts expect that Essex Property Trust will post 15.58 earnings per share for the current fiscal year.

Essex Property Trust Announces Dividend

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

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.