Essex Property Trust (ESS) Projected to Post Earnings on Tuesday

Essex Property Trust (NYSE:ESS - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data after the market closes on Tuesday, July 29th. Analysts expect the company to announce earnings of $3.99 per share and revenue of $466.47 million for the quarter. Essex Property Trust has set its Q2 2025 guidance at 3.900-4.020 EPS and its FY 2025 guidance at 15.560-16.060 EPS.

Essex Property Trust (NYSE:ESS - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $3.97 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.05. Essex Property Trust had a net margin of 37.08% and a return on equity of 11.81%. The business had revenue of $464.58 million during the quarter, compared to analysts' expectations of $458.03 million. During the same quarter last year, the company earned $3.83 earnings per share. On average, analysts expect Essex Property Trust to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Essex Property Trust Stock Performance

Shares of NYSE ESS traded down $4.46 during mid-day trading on Thursday, hitting $288.12. The company had a trading volume of 134,213 shares, compared to its average volume of 465,292. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.04 and a quick ratio of 1.04. The business's 50-day simple moving average is $283.77 and its 200-day simple moving average is $285.85. Essex Property Trust has a 12 month low of $243.85 and a 12 month high of $317.73. The firm has a market cap of $18.55 billion, a P/E ratio of 27.57, a PEG ratio of 6.09 and a beta of 0.78.

Essex Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $2.57 dividend. This represents a $10.28 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Monday, June 30th. Essex Property Trust's payout ratio is presently 98.37%.

Wall Street Analysts Forecast Growth

ESS has been the subject of several research reports. Mizuho reduced their target price on shares of Essex Property Trust from $314.00 to $293.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Barclays increased their price target on shares of Essex Property Trust from $303.00 to $328.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Royal Bank Of Canada dropped their price target on shares of Essex Property Trust from $311.00 to $309.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Raymond James Financial raised shares of Essex Property Trust from a "market perform" rating to an "outperform" rating and set a $315.00 price target for the company in a research report on Tuesday, June 24th. Finally, BMO Capital Markets increased their price target on shares of Essex Property Trust from $315.00 to $317.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 28th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $310.94.

Institutional Trading of Essex Property Trust

An institutional investor recently bought a new position in Essex Property Trust stock. Focus Partners Wealth purchased a new stake in Essex Property Trust, Inc. (NYSE:ESS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 725 shares of the real estate investment trust's stock, valued at approximately $223,000. Institutional investors and hedge funds own 96.51% of the company's stock.

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.