What is Wedbush's Forecast for ESS Q2 Earnings?

Essex Property Trust, Inc. (NYSE:ESS - Free Report) - Analysts at Wedbush issued their Q2 2025 earnings per share estimates for Essex Property Trust in a research note issued on Monday, May 5th. Wedbush analyst R. Anderson forecasts that the real estate investment trust will post earnings of $4.05 per share for the quarter. The consensus estimate for Essex Property Trust's current full-year earnings is $15.96 per share. Wedbush also issued estimates for Essex Property Trust's Q3 2025 earnings at $3.96 EPS, Q4 2025 earnings at $3.99 EPS and FY2026 earnings at $16.51 EPS.

Essex Property Trust (NYSE:ESS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $3.97 EPS for the quarter, beating the consensus estimate of $3.92 by $0.05. Essex Property Trust had a net margin of 41.79% and a return on equity of 13.05%. The firm had revenue of $464.58 million for the quarter, compared to analyst estimates of $458.03 million. During the same quarter last year, the firm posted $3.83 earnings per share.

Several other research analysts have also commented on ESS. Royal Bank of Canada cut their price objective on Essex Property Trust from $311.00 to $309.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Wells Fargo & Company reduced their price target on Essex Property Trust from $314.00 to $305.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft raised shares of Essex Property Trust from a "hold" rating to a "buy" rating and increased their price objective for the company from $308.00 to $310.00 in a research report on Tuesday, January 21st. BMO Capital Markets raised shares of Essex Property Trust from a "market perform" rating to an "outperform" rating and reduced their target price for the stock from $323.00 to $310.00 in a research report on Monday, January 13th. Finally, Truist Financial raised their price target on shares of Essex Property Trust from $292.00 to $304.00 and gave the company a "hold" rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $308.11.

Essex Property Trust Trading Up 0.3 %

Shares of ESS stock traded up $0.97 during mid-day trading on Tuesday, reaching $282.62. The company's stock had a trading volume of 214,010 shares, compared to its average volume of 402,839. The company's 50 day simple moving average is $286.88 and its 200-day simple moving average is $290.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.15. Essex Property Trust has a 12-month low of $243.85 and a 12-month high of $317.73. The firm has a market capitalization of $18.20 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 6.84 and a beta of 0.78.

Essex Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $2.57 per share. This is a positive change from Essex Property Trust's previous quarterly dividend of $2.45. The ex-dividend date was Monday, March 31st. This represents a $10.28 annualized dividend and a yield of 3.64%. Essex Property Trust's dividend payout ratio is 98.37%.

Insiders Place Their Bets

In other Essex Property Trust news, Director Keith R. Guericke sold 7,298 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $315.00, for a total value of $2,298,870.00. Following the sale, the director now owns 16,118 shares in the company, valued at approximately $5,077,170. This trade represents a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Kasaris sold 2,800 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $300.80, for a total transaction of $842,240.00. Following the completion of the transaction, the director now owns 1,755 shares of the company's stock, valued at $527,904. This represents a 61.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,345 shares of company stock valued at $6,682,539 over the last quarter. Insiders own 3.46% of the company's stock.

Hedge Funds Weigh In On Essex Property Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWA Asset Management Group LLC grew its holdings in Essex Property Trust by 5.0% during 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 purchasing an additional 38 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Essex Property Trust by 3.3% during the 4th quarter. Empowered Funds LLC now owns 1,195 shares of the real estate investment trust's stock worth $338,000 after buying an additional 38 shares during the period. DoubleLine ETF Adviser LP grew its stake in Essex Property Trust by 0.8% in the 4th quarter. DoubleLine ETF Adviser LP now owns 4,624 shares of the real estate investment trust's stock valued at $1,320,000 after buying an additional 38 shares during the last quarter. UMB Bank n.a. raised its holdings in Essex Property Trust by 37.5% in the 4th quarter. UMB Bank n.a. now owns 154 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 42 shares during the period. Finally, Stephens Inc. AR lifted its position in Essex Property Trust by 4.6% during the 1st quarter. Stephens Inc. AR now owns 985 shares of the real estate investment trust's stock worth $302,000 after acquiring an additional 43 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

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.