Q1 2025 EPS Estimates for Essex Property Trust, Inc. Lifted by Analyst (NYSE:ESS)

Essex Property Trust, Inc. (NYSE:ESS) – Equities researchers at Zacks Research lifted their Q1 2025 earnings estimates for Essex Property Trust in a research report issued on Tuesday, October 1st. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings of $3.88 per share for the quarter, up from their prior estimate of $3.86. The consensus estimate for Essex Property Trust’s current full-year earnings is $15.55 per share. Zacks Research also issued estimates for Essex Property Trust’s Q2 2025 earnings at $3.96 EPS, Q3 2025 earnings at $4.03 EPS, Q4 2025 earnings at $4.11 EPS and FY2025 earnings at $15.98 EPS.

Essex Property Trust (NYSE:ESS) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($2.40). The company had revenue of $442.36 million for the quarter, compared to analysts’ expectations of $433.26 million. Essex Property Trust had a return on equity of 9.14% and a net margin of 30.31%. During the same period in the prior year, the firm earned $3.77 EPS.

A number of other analysts have also recently commented on ESS. BNP Paribas began coverage on shares of Essex Property Trust in a research note on Wednesday, September 11th. They set an “outperform” rating and a $333.00 target price for the company. Royal Bank of Canada boosted their target price on shares of Essex Property Trust from $284.00 to $288.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Wedbush boosted their target price on shares of Essex Property Trust from $264.00 to $301.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Scotiabank boosted their price target on shares of Essex Property Trust from $309.00 to $329.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 16th. Finally, Truist Financial boosted their price target on shares of Essex Property Trust from $282.00 to $294.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $293.40.

Essex Property Trust Stock Up 0.1 %

ESS stock opened at $293.14 on Thursday. The stock has a market capitalization of $18.82 billion, a P/E ratio of 35.84, a P/E/G ratio of 4.90 and a beta of 0.88. The firm has a 50-day simple moving average of $294.24 and a 200-day simple moving average of $271.64. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.11. Essex Property Trust has a 52 week low of $203.85 and a 52 week high of $317.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC lifted its holdings in 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 in the last quarter. UMB Bank n.a. raised its stake in shares of Essex Property Trust by 600.0% in the second quarter. UMB Bank n.a. now owns 112 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 96 shares in the last quarter. Family Firm Inc. purchased a new position in Essex Property Trust in the second quarter valued at $31,000. Vima LLC acquired a new position in Essex Property Trust during the 4th quarter worth $40,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Essex Property Trust by 121.8% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 193 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Transactions at Essex Property Trust

In other news, CAO Anne Morrison sold 2,571 shares of the company’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 transaction, the chief accounting officer now directly owns 2,321 shares in the company, valued at approximately $730,627.59. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Anne Morrison sold 2,571 shares of Essex Property Trust stock in a transaction on Monday, September 16th. The stock was sold at an average price of $314.79, for a total value of $809,325.09. Following the completion of the sale, the chief accounting officer now directly owns 2,321 shares of the company’s stock, valued at $730,627.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amal M. Johnson sold 2,453 shares of Essex Property Trust stock in a transaction on Friday, August 30th. The shares were sold at an average price of $300.00, for a total value of $735,900.00. Following the completion of the sale, the director now directly owns 2,585 shares of the company’s stock, valued at $775,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,402 shares of company stock worth $6,399,663. 3.80% of the stock is currently owned by insiders.

Essex Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be issued a $2.45 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $9.80 annualized dividend and a dividend yield of 3.34%. Essex Property Trust’s dividend payout ratio is currently 119.80%.

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.