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

Key Points

• Essex Property Trust updated its FY 2025 earnings guidance, estimating earnings per share (EPS) to be between 15.800-16.020, slightly above the consensus estimate of 15.947.
• The company declared a quarterly dividend of $2.57 per share, representing an annualized yield of 3.53%, with a high dividend payout ratio of 98.37%.
• Essex Property Trust's stock experienced an increase, trading at $291.07 with a market capitalization of $18.74 billion and a PE ratio of 27.85.

Essex Property Trust (NYSE:ESS - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 15.800-16.020 for the period, compared to the consensus estimate of 15.947. The company issued revenue guidance of -. Essex Property Trust also updated its Q3 2025 guidance to 3.890-3.990 EPS.

Essex Property Trust Price Performance

NYSE ESS traded up $7.91 during trading hours on Tuesday, hitting $291.07. 657,538 shares of the company's stock traded hands, compared to its average volume of 466,305. 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 firm's 50-day moving average is $283.73 and its 200-day moving average is $286.33. Essex Property Trust has a 52-week low of $243.85 and a 52-week high of $317.73. The company has a market capitalization of $18.74 billion, a PE ratio of 27.85, a PEG ratio of 5.98 and a beta of 0.78.

Essex Property Trust (NYSE:ESS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $4.03 EPS for the quarter, topping analysts' consensus estimates of $3.99 by $0.04. Essex Property Trust had a return on equity of 11.81% and a net margin of 37.08%. 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 declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $2.57 per share. This represents a $10.28 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Monday, June 30th. Essex Property Trust's dividend payout ratio (DPR) is 98.37%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ESS shares. BMO Capital Markets raised their price objective on Essex Property Trust from $315.00 to $317.00 and gave the stock an "outperform" rating in a report on Wednesday, May 28th. Wall Street Zen lowered Essex Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Barclays boosted their target price on Essex Property Trust from $303.00 to $328.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Raymond James Financial raised shares of Essex Property Trust from a "market perform" rating to an "outperform" rating and set a $315.00 price objective on the stock in a research note on Tuesday, June 24th. Finally, Scotiabank restated an "outperform" rating on shares of Essex Property Trust in a report on Friday, June 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Essex Property Trust has an average rating of "Hold" and a consensus price target of $310.94.

Hedge Funds Weigh In On Essex Property Trust

An institutional investor recently bought a new position in Essex Property Trust stock. Focus Partners Wealth acquired a new position in shares of Essex Property Trust, Inc. (NYSE:ESS - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 725 shares of the real estate investment trust's stock, valued at approximately $223,000. 96.51% of the stock is owned by institutional investors.

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.

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