Zacks Research Has Optimistic Outlook of ESS Q1 Earnings

Essex Property Trust, Inc. (NYSE:ESS) – Zacks Research increased their Q1 2025 earnings estimates for shares of Essex Property Trust in a research report issued on Tuesday, January 7th. Zacks Research analyst R. Department now expects that the real estate investment trust will earn $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.

Several other research analysts also recently issued reports on ESS. Scotiabank upped their price objective on Essex Property Trust from $309.00 to $329.00 and gave the company a “sector outperform” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. downgraded shares of Essex Property Trust from a “neutral” rating to an “underweight” rating and raised their price target for the company from $297.00 to $303.00 in a research note on Tuesday, December 17th. 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. Bank of America lowered Essex Property Trust from a “buy” rating to a “neutral” rating and raised their target price for the stock from $307.00 to $321.00 in a research report on Tuesday, September 24th. Finally, Evercore ISI upped their price target on 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 investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $305.17.

Essex Property Trust Price Performance

Shares of ESS opened at $272.60 on Thursday. 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 market cap of $17.52 billion, a PE ratio of 31.85, a PEG ratio of 5.90 and a beta of 0.90. Essex Property Trust has a 12-month low of $223.06 and a 12-month high of $317.73. The business has a 50-day simple moving average of $294.24 and a two-hundred day simple moving average of $291.36.

Essex Property Trust (NYSE:ESS) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $445.88 million. During the same period in the previous year, the firm posted $3.78 EPS.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Legacy Wealth Asset Management LLC grew its holdings in Essex Property Trust by 4.7% during the third quarter. Legacy Wealth Asset Management LLC now owns 775 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 35 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Essex Property Trust by 5.0% in the fourth quarter. CWA Asset Management Group LLC now owns 803 shares of the real estate investment trust’s stock valued at $229,000 after purchasing an additional 38 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Essex Property Trust by 3.6% during the third quarter. Captrust Financial Advisors now owns 1,461 shares of the real estate investment trust’s stock valued at $432,000 after purchasing an additional 51 shares in the last quarter. Quilter Plc boosted its holdings in Essex Property Trust by 0.6% during the second quarter. Quilter Plc now owns 8,698 shares of the real estate investment trust’s stock worth $2,368,000 after purchasing an additional 52 shares during the last quarter. Finally, Mather Group LLC. grew its position in Essex Property Trust by 7.4% in the 3rd quarter. Mather Group LLC. now owns 781 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 54 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Essex Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $2.45 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $9.80 annualized dividend and a dividend yield of 3.60%. Essex Property Trust’s dividend payout ratio is 114.49%.

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.