Essex Property Trust (NYSE:ESS) Updates FY 2025 Earnings Guidance

Essex Property Trust (NYSE:ESS) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 15.560-16.060 for the period, compared to the consensus estimate of 16.000. The company issued revenue guidance of -. Essex Property Trust also updated its Q1 2025 guidance to 3.860-3.980 EPS.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ESS shares. Raymond James cut Essex Property Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, October 21st. Barclays lowered their price target on Essex Property Trust from $316.00 to $302.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Mizuho reduced their price objective on shares of Essex Property Trust from $325.00 to $300.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Essex Property Trust from a “hold” rating to a “buy” rating and increased their target price for the company from $308.00 to $310.00 in a research report on Tuesday, January 21st. Finally, JMP Securities reissued a “market perform” rating on shares of Essex Property Trust in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Essex Property Trust currently has a consensus rating of “Hold” and a consensus target price of $304.32.

Essex Property Trust Stock Performance

Essex Property Trust stock traded up $3.09 during trading hours on Tuesday, reaching $287.48. 530,854 shares of the stock were exchanged, compared to its average volume of 460,884. Essex Property Trust has a 52-week low of $223.06 and a 52-week high of $317.73. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50 day moving average is $288.23 and its 200 day moving average is $292.31. The stock has a market cap of $18.48 billion, a P/E ratio of 33.58, a P/E/G ratio of 6.60 and a beta of 0.92.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $2.52. Essex Property Trust had a return on equity of 9.72% and a net margin of 31.55%. Analysts predict that Essex Property Trust will post 15.58 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were paid a $2.45 dividend. This represents a $9.80 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Thursday, January 2nd. Essex Property Trust’s dividend payout ratio (DPR) 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.