Wedbush Research Analysts Reduce Earnings Estimates for ESS

Essex Property Trust, Inc. (NYSE:ESS) – Stock analysts at Wedbush reduced their FY2025 earnings estimates for Essex Property Trust in a research note issued to investors on Monday, February 10th. Wedbush analyst R. Anderson now expects that the real estate investment trust will earn $15.94 per share for the year, down from their prior estimate of $16.08. The consensus estimate for Essex Property Trust’s current full-year earnings is $15.96 per share. Wedbush also issued estimates for Essex Property Trust’s FY2026 earnings at $16.54 EPS.

A number of other equities research analysts also recently issued reports on ESS. Deutsche Bank Aktiengesellschaft raised shares of Essex Property Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $308.00 to $310.00 in a report on Tuesday, January 21st. Mizuho decreased 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 report on Monday, January 6th. JPMorgan Chase & Co. cut shares of Essex Property Trust from a “neutral” rating to an “underweight” rating and upped their price objective for the stock from $297.00 to $303.00 in a research report on Tuesday, December 17th. Wells Fargo & Company decreased their price objective on shares of Essex Property Trust from $314.00 to $305.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Finally, BMO Capital Markets upgraded shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $323.00 to $310.00 in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $306.53.

Essex Property Trust Trading Down 0.4 %

Shares of Essex Property Trust stock opened at $290.53 on Wednesday. Essex Property Trust has a 12-month low of $223.06 and a 12-month high of $317.73. The company has a market cap of $18.67 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 6.93 and a beta of 0.92. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average price is $286.32 and its 200-day moving average price is $292.55.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $2.52. Essex Property Trust had a net margin of 41.79% and a return on equity of 13.05%.

Essex Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were issued a $2.45 dividend. This represents a $9.80 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Thursday, January 2nd. Essex Property Trust’s dividend payout ratio is 84.92%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ESS. Sanctuary Advisors LLC bought a new position in shares of Essex Property Trust in the second quarter worth approximately $384,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Essex Property Trust by 311.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,057 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 800 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Essex Property Trust by 1,247.2% in the third quarter. Exchange Traded Concepts LLC now owns 485 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 449 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Essex Property Trust by 12.1% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 539 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 58 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of Essex Property Trust by 2.0% in the third quarter. Creative Planning now owns 6,166 shares of the real estate investment trust’s stock worth $1,822,000 after purchasing an additional 120 shares during the last quarter. 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.