What is Zacks Research’s Estimate for ESS FY2025 Earnings?

Essex Property Trust, Inc. (NYSE:ESS) – Investment analysts at Zacks Research upped their FY2025 EPS estimates for Essex Property Trust in a research note issued on Tuesday, January 7th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings per share of $15.97 for the year, up from their prior forecast of $15.95. 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 Q3 2026 earnings at $4.10 EPS, Q4 2026 earnings at $4.18 EPS and FY2026 earnings at $16.57 EPS.

Other equities research analysts also recently issued reports about the stock. Barclays started coverage on shares of Essex Property Trust in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $316.00 price target for the company. Bank of America lowered Essex Property Trust from a “buy” rating to a “neutral” rating and boosted their target price for the company from $307.00 to $321.00 in a research report on Tuesday, September 24th. Evercore ISI increased their price target on Essex Property Trust from $283.00 to $287.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Raymond James downgraded Essex Property Trust from an “outperform” rating to a “market perform” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. cut Essex Property Trust from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $297.00 to $303.00 in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $305.17.

Essex Property Trust Stock Performance

NYSE:ESS opened at $272.83 on Friday. 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 twelve month low of $223.06 and a twelve month high of $317.73. The company has a fifty day moving average of $294.15 and a 200-day moving average of $291.32. The firm has a market capitalization of $17.53 billion, a P/E ratio of 31.87, a P/E/G ratio of 5.90 and a beta of 0.92.

Essex Property Trust (NYSE:ESS) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $1.84 EPS for the quarter, missing the consensus estimate 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 business had revenue of $450.70 million for the quarter, compared to analyst estimates of $445.88 million. During the same period in the prior year, the business earned $3.78 EPS.

Institutional Investors Weigh In On Essex Property Trust

Several hedge funds and other institutional investors have recently modified their holdings of ESS. Victory Capital Management Inc. boosted its stake in Essex Property Trust by 23.8% during the second quarter. Victory Capital Management Inc. now owns 56,595 shares of the real estate investment trust’s stock valued at $15,405,000 after buying an additional 10,889 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Essex Property Trust in the 2nd quarter valued at about $1,113,000. Prudential PLC bought a new stake in shares of Essex Property Trust during the 2nd quarter valued at about $212,000. Wedbush Securities Inc. grew its holdings in shares of Essex Property Trust by 10.6% during the second quarter. Wedbush Securities Inc. now owns 910 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 87 shares in the last quarter. Finally, Choreo LLC bought a new position in shares of Essex Property Trust in the second quarter worth approximately $370,000. 96.51% of the stock is currently owned by institutional investors.

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 issued a $2.45 dividend. This represents a $9.80 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Thursday, January 2nd. Essex Property Trust’s payout ratio is currently 114.49%.

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.