Essex Property Trust, Inc. (NYSE:ESS) Forecasted to Post Q1 2025 Earnings of $3.88 Per Share

by · The Cerbat Gem

Essex Property Trust, Inc. (NYSE:ESS – Free Report) – Analysts at Zacks Research upped their Q1 2025 EPS estimates for shares of Essex Property Trust in a report released on Tuesday, October 1st. Zacks Research analyst R. Department now expects that the real estate investment trust will earn $3.88 per share for the quarter, up from their previous 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 – Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($2.40). The company had revenue of $442.36 million during 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 business posted $3.77 EPS.

ESS has been the subject of a number of other research reports. Wells Fargo & Company lifted their price objective on shares of Essex Property Trust from $269.00 to $314.00 and gave the company an “equal weight” rating in a report on Monday, August 26th. Wedbush upped their price target on shares of Essex Property Trust from $264.00 to $301.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Evercore ISI upped 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. UBS Group upped their price objective on shares of Essex Property Trust from $261.00 to $283.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Essex Property Trust from $240.00 to $308.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $293.40.

Read Our Latest Research Report on ESS

Essex Property Trust Price Performance

Shares of ESS stock opened at $289.88 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.62 and a quick ratio of 1.62. The firm’s 50-day moving average is $294.44 and its two-hundred day moving average is $272.13. Essex Property Trust has a 12 month low of $203.85 and a 12 month high of $317.73. The company has a market capitalization of $18.61 billion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 4.90 and a beta of 0.88.

Essex Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Monday, September 30th will be given a $2.45 dividend. The ex-dividend date is Monday, September 30th. This represents a $9.80 dividend on an annualized basis and a yield of 3.38%. Essex Property Trust’s payout ratio is 119.80%.

Insider Buying and Selling

In other Essex Property Trust news, Director Amal M. Johnson sold 2,453 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $300.00, for a total transaction of $735,900.00. Following the transaction, the director now owns 2,585 shares in the company, valued at approximately $775,500. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Essex Property Trust news, Director Amal M. Johnson sold 2,453 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $300.00, for a total transaction of $735,900.00. Following the transaction, the director now owns 2,585 shares in the company, valued at approximately $775,500. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amal M. Johnson sold 7,298 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $316.31, for a total value of $2,308,430.38. Following the transaction, the director now owns 2,585 shares in the company, valued at approximately $817,661.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,402 shares of company stock worth $6,399,663 over the last three months. 3.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ESS. TD Asset Management Inc increased its holdings in shares of Essex Property Trust by 6.8% during the 4th quarter. TD Asset Management Inc now owns 21,012 shares of the real estate investment trust’s stock worth $5,210,000 after acquiring an additional 1,334 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of Essex Property Trust by 18.9% during the 4th quarter. Bank of Nova Scotia now owns 9,299 shares of the real estate investment trust’s stock valued at $2,306,000 after acquiring an additional 1,476 shares during the period. KBC Group NV lifted its position in shares of Essex Property Trust by 67.7% during the 4th quarter. KBC Group NV now owns 49,923 shares of the real estate investment trust’s stock valued at $12,378,000 after acquiring an additional 20,157 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Essex Property Trust by 4.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 51,992 shares of the real estate investment trust’s stock valued at $12,891,000 after acquiring an additional 2,026 shares during the period. Finally, CWA Asset Management Group LLC bought a new stake in shares of Essex Property Trust during the 4th quarter valued at $252,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Essex Property Trust

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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.

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