Q1 EPS Forecast for Essex Property Trust Boosted by Analyst

Essex Property Trust, Inc. (NYSE:ESS) – Investment analysts at Zacks Research lifted their Q1 2025 earnings per share (EPS) estimates for shares of Essex Property Trust in a note issued to investors on Tuesday, January 7th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings of $3.90 per share for the quarter, up from their previous 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.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.88 by ($2.04). Essex Property Trust had a net margin of 31.55% and a return on equity of 9.72%. The company had revenue of $450.70 million during the quarter, compared to analysts’ expectations of $445.88 million. During the same quarter in the previous year, the business posted $3.78 EPS.

Several other equities research analysts have also recently issued reports on the stock. Evercore ISI lifted their price objective on shares of Essex Property Trust from $283.00 to $287.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. downgraded Essex Property Trust from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $297.00 to $303.00 in a report on Tuesday, December 17th. BNP Paribas initiated coverage on Essex Property Trust in a report on Wednesday, September 11th. They issued an “outperform” rating and a $333.00 price objective on the stock. Raymond James cut Essex Property Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, October 21st. Finally, Scotiabank increased their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $305.17.

Essex Property Trust Trading Up 0.9 %

NYSE ESS opened at $272.60 on Thursday. Essex Property Trust has a 52 week low of $223.06 and a 52 week high of $317.73. The firm has a 50 day moving average of $294.46 and a two-hundred day moving average of $291.49. 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 capitalization of $17.52 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 5.90 and a beta of 0.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. KBC Group NV lifted its holdings in shares of Essex Property Trust by 162.7% during the third quarter. KBC Group NV now owns 74,841 shares of the real estate investment trust’s stock worth $22,109,000 after purchasing an additional 46,354 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Essex Property Trust in the 3rd quarter worth $541,000. Sanctuary Advisors LLC boosted its holdings in shares of Essex Property Trust by 92.2% in the third quarter. Sanctuary Advisors LLC now owns 2,710 shares of the real estate investment trust’s stock valued at $828,000 after acquiring an additional 1,300 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Essex Property Trust by 237.7% in the second quarter. Federated Hermes Inc. now owns 2,502 shares of the real estate investment trust’s stock valued at $681,000 after acquiring an additional 1,761 shares in the last quarter. Finally, ING Groep NV increased its stake in shares of Essex Property Trust by 54.2% during the third quarter. ING Groep NV now owns 8,587 shares of the real estate investment trust’s stock worth $2,537,000 after acquiring an additional 3,018 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Essex Property Trust Dividend Announcement

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