Zacks Research Has Optimistic Outlook of ESS Q1 Earnings

Essex Property Trust, Inc. (NYSE:ESS) – Analysts at Zacks Research boosted their Q1 2025 EPS estimates for Essex Property Trust in a report released on Tuesday, February 25th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings of $3.93 per share for the quarter, up from their previous estimate of $3.90. The consensus estimate for Essex Property Trust’s current full-year earnings is $15.96 per share. Zacks Research also issued estimates for Essex Property Trust’s Q4 2025 earnings at $4.02 EPS, Q3 2026 earnings at $4.13 EPS and FY2027 earnings at $17.21 EPS.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $2.52. Essex Property Trust had a net margin of 41.79% and a return on equity of 13.05%.

Several other research firms have also recently weighed in on ESS. Deutsche Bank Aktiengesellschaft upgraded shares of Essex Property Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $308.00 to $310.00 in a research report on Tuesday, January 21st. Royal Bank of Canada lifted their price objective on shares of Essex Property Trust from $302.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Wells Fargo & Company reduced their price objective on shares of 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. JPMorgan Chase & Co. lowered shares of Essex Property Trust from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $297.00 to $303.00 in a research note on Tuesday, December 17th. Finally, BMO Capital Markets raised shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $323.00 to $310.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $306.63.

Essex Property Trust Trading Down 0.0 %

NYSE ESS opened at $301.13 on Thursday. Essex Property Trust has a twelve month low of $225.85 and a twelve month high of $317.73. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $19.35 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 6.84 and a beta of 0.92. The firm’s 50 day moving average price is $285.38 and its two-hundred day moving average price is $293.48.

Institutional Trading of Essex Property Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Essex Property Trust during the fourth quarter worth about $471,258,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Essex Property Trust by 732.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 719,596 shares of the real estate investment trust’s stock worth $212,583,000 after buying an additional 633,200 shares during the last quarter. Northern Trust Corp grew its stake in Essex Property Trust by 56.0% during the fourth quarter. Northern Trust Corp now owns 1,127,830 shares of the real estate investment trust’s stock worth $321,928,000 after buying an additional 404,892 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Essex Property Trust by 154.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 444,391 shares of the real estate investment trust’s stock worth $131,282,000 after buying an additional 269,923 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in Essex Property Trust by 64.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 570,786 shares of the real estate investment trust’s stock worth $162,925,000 after buying an additional 222,713 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Essex Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $2.57 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $10.28 dividend on an annualized basis and a yield of 3.41%. This is a boost from Essex Property Trust’s previous quarterly dividend of $2.45. Essex Property Trust’s payout ratio is presently 89.08%.

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.