Essex Property Trust, Inc. (NYSE:ESS) Receives Average Rating of “Hold” from Analysts

Essex Property Trust, Inc. (NYSE:ESS) has earned a consensus recommendation of “Hold” from the twenty analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $291.5313.

Several research analysts have weighed in on ESS shares. BNP Paribas lowered shares of Essex Property Trust from an “outperform” rating to a “hold” rating in a report on Monday, September 29th. Truist Financial reduced their price target on shares of Essex Property Trust from $295.00 to $283.00 and set a “hold” rating on the stock in a research report on Tuesday, August 12th. Morgan Stanley lowered their price objective on Essex Property Trust from $304.00 to $285.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. BNP Paribas Exane cut Essex Property Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Finally, Mizuho lifted their target price on Essex Property Trust from $275.00 to $284.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th.

Essex Property Trust Stock Down 0.1%

Shares of Essex Property Trust stock opened at $252.00 on Wednesday. Essex Property Trust has a 1-year low of $243.25 and a 1-year high of $316.29. The company has a market capitalization of $16.23 billion, a PE ratio of 19.15, a P/E/G ratio of 6.12 and a beta of 0.72. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50-day moving average of $258.57 and a 200-day moving average of $268.65.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.01. The firm had revenue of $473.30 million during the quarter, compared to the consensus estimate of $472.11 million. Essex Property Trust had a return on equity of 14.68% and a net margin of 45.46%.During the same quarter in the prior year, the business posted $3.91 earnings per share. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS and its FY 2025 guidance at 15.890-15.990 EPS. As a group, equities analysts forecast that Essex Property Trust will post 15.96 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a dividend of $2.57 per share. The ex-dividend date is Friday, January 2nd. This represents a $10.28 annualized dividend and a yield of 4.1%. Essex Property Trust’s payout ratio is presently 78.12%.

Institutional Investors Weigh In On Essex Property Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Valeo Financial Advisors LLC grew its holdings in shares of Essex Property Trust by 151,452.8% during the second quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust’s stock valued at $843,969,000 after purchasing an additional 2,976,047 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Essex Property Trust by 66.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,746,242 shares of the real estate investment trust’s stock worth $841,916,000 after buying an additional 1,096,619 shares during the last quarter. Norges Bank acquired a new stake in Essex Property Trust in the second quarter worth $239,442,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Essex Property Trust by 973.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 743,954 shares of the real estate investment trust’s stock valued at $199,127,000 after buying an additional 674,617 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its holdings in shares of Essex Property Trust by 473.5% during the third quarter. Centersquare Investment Management LLC now owns 516,756 shares of the real estate investment trust’s stock valued at $138,315,000 after acquiring an additional 426,650 shares during the period. 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.