Q1 EPS Forecast for Essex Property Trust Raised by Analyst

Essex Property Trust, Inc. (NYSE:ESS) – Equities researchers at Zacks Research boosted their Q1 2025 EPS estimates for shares of Essex Property Trust in a research report issued to clients and investors on Tuesday, January 7th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will earn $3.90 per share for the quarter, up from their prior estimate 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 posted its quarterly 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 analyst estimates of $445.88 million. During the same period last year, the company earned $3.78 earnings per share.

A number of other equities analysts have also recently weighed in on the stock. Raymond James cut shares of Essex Property Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. cut shares of Essex Property Trust from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $297.00 to $303.00 in a research note on Tuesday, December 17th. Mizuho reduced their target price on shares of Essex Property Trust from $325.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Scotiabank upped their target price on shares of Essex Property Trust from $309.00 to $329.00 and gave the company a “sector outperform” rating in a report on Monday, September 16th. Finally, Evercore ISI upped their target price on shares of 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 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $305.17.

Essex Property Trust Stock Performance

NYSE:ESS opened at $272.83 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. Essex Property Trust has a fifty-two week low of $223.06 and a fifty-two week high of $317.73. The stock has a market cap of $17.53 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 5.90 and a beta of 0.92. The firm’s fifty day simple moving average is $294.15 and its 200-day simple moving average is $291.32.

Essex Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $2.45 per share. This represents a $9.80 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Thursday, January 2nd. Essex Property Trust’s payout ratio is currently 114.49%.

Hedge Funds Weigh In On Essex Property Trust

A number of hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in Essex Property Trust by 0.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,423 shares of the real estate investment trust’s stock worth $2,193,000 after purchasing an additional 59 shares during the period. CWA Asset Management Group LLC lifted its stake in 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 buying an additional 38 shares during the last quarter. Nordea Investment Management AB lifted its stake in Essex Property Trust by 6.7% in the fourth quarter. Nordea Investment Management AB now owns 4,675 shares of the real estate investment trust’s stock valued at $1,334,000 after buying an additional 294 shares during the last quarter. GAMMA Investing LLC lifted its stake in Essex Property Trust by 14.8% in the fourth quarter. GAMMA Investing LLC now owns 1,259 shares of the real estate investment trust’s stock valued at $359,000 after buying an additional 162 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Essex Property Trust by 39.5% in the fourth quarter. Versant Capital Management Inc now owns 509 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 144 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Essex Property Trust

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.