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

Essex Property Trust (NYSE:ESS) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 15.560-16.060 for the period, compared to the consensus EPS 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.

Essex Property Trust Price Performance

Shares of ESS traded up $3.09 during trading hours on Tuesday, reaching $287.48. 530,854 shares of the company traded hands, compared to its average volume of 460,884. The stock has a market capitalization of $18.48 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 6.60 and a beta of 0.92. 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 fifty day simple moving average of $288.23 and a 200 day simple moving average of $292.31. Essex Property Trust has a fifty-two week low of $223.06 and a fifty-two week high of $317.73.

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

Essex Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were issued a $2.45 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $9.80 dividend on an annualized basis and a dividend yield of 3.41%. Essex Property Trust’s dividend payout ratio (DPR) is 114.49%.

Analyst Upgrades and Downgrades

ESS has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Essex Property Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $308.00 to $310.00 in a research note on Tuesday, January 21st. Wells Fargo & Company dropped their price objective on Essex Property Trust from $314.00 to $305.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Mizuho reduced their price objective on shares of Essex Property Trust from $325.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Barclays cut their price objective on Essex Property Trust from $316.00 to $302.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Finally, Raymond James downgraded shares of Essex Property Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $304.32.

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.