Zacks Research Issues Pessimistic Outlook for ESS Earnings

Essex Property Trust, Inc. (NYSE:ESS) – Zacks Research lowered their Q3 2025 EPS estimates for Essex Property Trust in a research note issued on Tuesday, November 19th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings per share of $4.00 for the quarter, down from their previous estimate of $4.03. The consensus estimate for Essex Property Trust’s current full-year earnings is $15.56 per share. Zacks Research also issued estimates for Essex Property Trust’s Q4 2025 earnings at $4.09 EPS, FY2025 earnings at $15.95 EPS, Q3 2026 earnings at $4.08 EPS and FY2026 earnings at $16.48 EPS.

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). The business had revenue of $450.70 million for the quarter, compared to analyst estimates of $445.88 million. Essex Property Trust had a net margin of 31.55% and a return on equity of 9.72%. During the same quarter last year, the firm posted $3.78 earnings per share.

A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Essex Property Trust from $265.00 to $297.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Essex Property Trust from $240.00 to $308.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Bank of America downgraded Essex Property Trust from a “buy” rating to a “neutral” rating and increased their price target for the company from $307.00 to $321.00 in a research note on Tuesday, September 24th. Evercore ISI increased their price target on shares of Essex Property Trust from $283.00 to $287.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Wedbush boosted their target price on Essex Property Trust from $264.00 to $301.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $297.00.

Essex Property Trust Stock Performance

Essex Property Trust stock opened at $305.53 on Friday. The firm has a market capitalization of $19.64 billion, a P/E ratio of 35.69, a P/E/G ratio of 5.99 and a beta of 0.88. The stock has a fifty day moving average price of $297.17 and a two-hundred day moving average price of $285.35. Essex Property Trust has a 52-week low of $210.36 and a 52-week 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.

Hedge Funds Weigh In On Essex Property Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Continuum Advisory LLC increased its position in Essex Property Trust by 214.3% in the 2nd quarter. Continuum Advisory LLC now owns 110 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 75 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Essex Property Trust by 600.0% during the second quarter. UMB Bank n.a. now owns 112 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 96 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Essex Property Trust by 2,400.0% during the third quarter. Assetmark Inc. now owns 100 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 96 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Essex Property Trust during the second quarter worth approximately $31,000. Finally, Brooklyn Investment Group bought a new position in shares of Essex Property Trust in the 3rd quarter worth $39,000. 96.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Angela L. Kleiman sold 8,080 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $315.10, for a total transaction of $2,546,008.00. Following the completion of the sale, the chief executive officer now directly owns 9,494 shares in the company, valued at $2,991,559.40. This represents a 45.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amal M. Johnson sold 7,298 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $316.31, for a total transaction of $2,308,430.38. Following the completion of the transaction, the director now owns 2,585 shares in the company, valued at approximately $817,661.35. The trade was a 73.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,402 shares of company stock valued at $6,399,663. 3.80% of the stock is currently owned by insiders.

Essex Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a $2.45 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $9.80 dividend on an annualized basis and a yield of 3.21%. 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.