Essex Property Trust (NYSE:ESS) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• Essex Property Trust received a "hold (C+)" rating from Weiss Ratings, maintaining its steady performance amidst a mixed analyst outlook.
• Consensus rating for the stock remains a "Hold" with a target price of $297.28, as multiple analysts adjust their ratings and price objectives.
• The real estate investment trust reported an EPS of $4.03, surpassing estimates, and is guiding for a Q3 2025 EPS range of 3.890-3.990.

Essex Property Trust (NYSE:ESS - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also issued reports on ESS. BNP Paribas Exane lowered shares of Essex Property Trust from an "outperform" rating to a "neutral" rating in a research note on Monday, September 29th. Morgan Stanley dropped their price objective on shares of Essex Property Trust from $304.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. Barclays dropped their price objective on shares of Essex Property Trust from $298.00 to $297.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 30th. Truist Financial dropped their price objective on shares of Essex Property Trust from $295.00 to $283.00 and set a "hold" rating on the stock in a research note on Tuesday, August 12th. Finally, Cantor Fitzgerald initiated coverage on shares of Essex Property Trust in a research note on Wednesday, October 1st. They set an "overweight" rating and a $300.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Essex Property Trust has a consensus rating of "Hold" and a consensus target price of $297.28.

Essex Property Trust Stock Performance

NYSE ESS opened at $262.08 on Wednesday. Essex Property Trust has a one year low of $243.85 and a one year high of $316.29. The company's 50 day moving average price is $263.24 and its 200 day moving average price is $276.20. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $16.88 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 6.36 and a beta of 0.81.

Essex Property Trust (NYSE:ESS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 EPS for the quarter, beating the consensus estimate of $3.99 by $0.04. Essex Property Trust had a net margin of 43.51% and a return on equity of 13.98%. The firm had revenue of $465.84 million for the quarter, compared to analyst estimates of $466.47 million. During the same quarter last year, the firm posted $3.94 earnings per share. Essex Property Trust has set its Q3 2025 guidance at 3.890-3.990 EPS. FY 2025 guidance at 15.800-16.020 EPS. On average, sell-side analysts predict that Essex Property Trust will post 15.96 EPS for the current year.

Hedge Funds Weigh In On Essex Property Trust

A number of hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc. acquired a new position in Essex Property Trust in the first quarter worth $653,000. CWA Asset Management Group LLC boosted its holdings in Essex Property Trust by 10.0% in the first quarter. CWA Asset Management Group LLC now owns 883 shares of the real estate investment trust's stock worth $271,000 after purchasing an additional 80 shares during the period. Intact Investment Management Inc. acquired a new position in Essex Property Trust in the first quarter worth $705,000. Asset Management One Co. Ltd. boosted its holdings in Essex Property Trust by 1.2% in the first quarter. Asset Management One Co. Ltd. now owns 133,886 shares of the real estate investment trust's stock worth $41,045,000 after purchasing an additional 1,569 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Essex Property Trust in the first quarter worth $569,000. 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.

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