Zacks Research Has Negative Outlook for ESS Q3 Earnings

Essex Property Trust, Inc. (NYSE:ESS) – Research analysts at Zacks Research dropped their Q3 2025 EPS estimates for Essex Property Trust in a research note issued to investors on Tuesday, November 19th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings of $4.00 per share for the quarter, down from their prior forecast 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 released its earnings results 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). The company 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 period in the previous year, the business posted $3.78 EPS.

Other equities research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Essex Property Trust from $240.00 to $308.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. upped 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. Wedbush raised their price objective on Essex Property Trust from $264.00 to $301.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. The Goldman Sachs Group assumed coverage on Essex Property Trust in a research report on Wednesday, September 4th. They set a “neutral” rating and a $318.00 target price on the stock. Finally, Evercore ISI upped their target price on Essex Property Trust from $283.00 to $287.00 and gave the company an “in-line” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Essex Property Trust presently has an average rating of “Hold” and an average price target of $297.00.

Essex Property Trust Trading Up 0.4 %

Shares of Essex Property Trust stock opened at $305.46 on Friday. The business has a fifty day simple moving average of $297.17 and a 200-day simple moving average of $285.16. Essex Property Trust has a fifty-two week low of $210.36 and a fifty-two week high of $317.73. The firm has a market cap of $19.63 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 5.94 and a beta of 0.88. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.13.

Essex Property Trust Dividend Announcement

The company 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. This represents a $9.80 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Monday, September 30th. Essex Property Trust’s payout ratio is currently 114.49%.

Insider Transactions at Essex Property Trust

In other news, CEO Angela L. Kleiman sold 8,080 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was 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 owns 9,494 shares in the company, valued at approximately $2,991,559.40. This represents a 45.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Anne Morrison sold 2,571 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $314.79, for a total value of $809,325.09. Following the completion of the transaction, the chief accounting officer now directly owns 2,321 shares in the company, valued at $730,627.59. The trade was a 52.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,402 shares of company stock valued at $6,399,663 in the last three months. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Essex Property Trust

A number of large investors have recently added to or reduced their stakes in the stock. Continuum Advisory LLC boosted its holdings in shares of Essex Property Trust by 214.3% during the 2nd quarter. Continuum Advisory LLC now owns 110 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 75 shares during the period. UMB Bank n.a. lifted its position in shares of Essex Property Trust by 600.0% during the 2nd quarter. UMB Bank n.a. now owns 112 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 96 shares during the last quarter. Assetmark Inc. boosted its stake in Essex Property Trust by 2,400.0% during the 3rd quarter. Assetmark Inc. now owns 100 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 96 shares during the period. Family Firm Inc. acquired a new stake in Essex Property Trust in the 2nd quarter valued at approximately $31,000. Finally, Brooklyn Investment Group bought a new position in Essex Property Trust in the 3rd quarter worth approximately $39,000. 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.