Zacks Research Brokers Boost Earnings Estimates for ESS

Essex Property Trust, Inc. (NYSE:ESS) – Equities research analysts at Zacks Research upped their Q1 2025 earnings per share (EPS) estimates for shares of Essex Property Trust in a report released on Tuesday, January 7th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings of $3.90 per share for the quarter, up from their prior forecast 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.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $1.84 EPS 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 during the quarter, compared to the consensus estimate of $445.88 million. During the same period in the prior year, the firm posted $3.78 EPS.

ESS has been the subject of a number of other reports. Mizuho decreased their target price on Essex Property Trust from $325.00 to $300.00 and set an “outperform” rating for the company in a research report on Monday. Scotiabank lifted their price objective on Essex Property Trust from $309.00 to $329.00 and gave the stock a “sector outperform” rating in a report on Monday, September 16th. Raymond James downgraded shares of Essex Property Trust from an “outperform” rating to a “market perform” rating in a report on Monday, October 21st. JPMorgan Chase & Co. lowered shares of Essex Property Trust from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $297.00 to $303.00 in a research report on Tuesday, December 17th. Finally, Evercore ISI boosted 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. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $305.17.

Essex Property Trust Trading Up 0.9 %

NYSE:ESS opened at $272.60 on Thursday. Essex Property Trust has a 12 month low of $223.06 and a 12 month high of $317.73. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The firm’s 50 day moving average is $294.24 and its 200 day moving average is $291.36. The stock has a market capitalization of $17.52 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 5.90 and a beta of 0.90.

Essex Property Trust Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Thursday, January 2nd. This represents a $9.80 dividend on an annualized basis and a dividend yield of 3.60%. Essex Property Trust’s dividend payout ratio (DPR) is presently 114.49%.

Institutional Trading of Essex Property Trust

Institutional investors and hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Essex Property Trust by 732.9% in 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 valued at $212,583,000 after acquiring an additional 633,200 shares during the last quarter. Wulff Hansen & CO. boosted its holdings in shares of Essex Property Trust by 27,120.0% in the 2nd quarter. Wulff Hansen & CO. now owns 425,721 shares of the real estate investment trust’s stock worth $115,881,000 after purchasing an additional 424,157 shares in the last quarter. Duff & Phelps Investment Management Co. bought a new position in shares of Essex Property Trust during the 2nd quarter valued at about $98,594,000. International Assets Investment Management LLC bought a new position in shares of Essex Property Trust during the 3rd quarter valued at about $84,393,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Essex Property Trust by 154.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 444,391 shares of the real estate investment trust’s stock valued at $131,282,000 after buying an additional 269,923 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

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.