Q1 EPS Estimate for Essex Property Trust Lifted by Analyst

Essex Property Trust, Inc. (NYSE:ESS) – Research analysts at Zacks Research boosted their Q1 2025 earnings estimates for shares of Essex Property Trust in a research report issued on Tuesday, February 25th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will earn $3.93 per share for the quarter, up from their previous forecast 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 announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $2.52. Essex Property Trust had a return on equity of 13.05% and a net margin of 41.79%.

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets raised shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $323.00 to $310.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. downgraded shares of Essex Property Trust from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $297.00 to $303.00 in a report on Tuesday, December 17th. Wells Fargo & Company lowered their target price on shares of 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. JMP Securities reiterated a “market perform” rating on shares of Essex Property Trust in a research note on Thursday, February 6th. Finally, Evercore ISI increased their price target on Essex Property Trust from $297.00 to $302.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Essex Property Trust presently has an average rating of “Hold” and an average price target of $306.63.

Essex Property Trust Stock Performance

Shares of NYSE ESS opened at $311.80 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $20.04 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 6.84 and a beta of 0.92. The stock’s fifty day moving average price is $286.44 and its two-hundred day moving average price is $293.76. Essex Property Trust has a one year low of $226.84 and a one year high of $317.73.

Essex Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $2.57 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Essex Property Trust’s previous quarterly dividend of $2.45. This represents a $10.28 annualized dividend and a dividend yield of 3.30%. Essex Property Trust’s dividend payout ratio is 89.08%.

Institutional Trading of Essex Property Trust

A number of hedge funds have recently bought and sold shares of ESS. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Essex Property Trust by 6.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,011 shares of the real estate investment trust’s stock worth $4,128,000 after acquiring an additional 803 shares in the last quarter. Forsta AP Fonden grew its holdings in shares of Essex Property Trust by 16.2% during the 3rd quarter. Forsta AP Fonden now owns 11,500 shares of the real estate investment trust’s stock valued at $3,397,000 after purchasing an additional 1,600 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Essex Property Trust by 4.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,364 shares of the real estate investment trust’s stock worth $2,175,000 after purchasing an additional 306 shares during the period. abrdn plc lifted its stake in Essex Property Trust by 4.5% in the third quarter. abrdn plc now owns 140,250 shares of the real estate investment trust’s stock worth $41,508,000 after purchasing an additional 6,092 shares during the last quarter. Finally, Golden State Equity Partners purchased a new stake in Essex Property Trust during the third quarter valued at about $403,000. Institutional investors own 96.51% of the company’s stock.

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.