What is Zacks Research's Forecast for ESS FY2025 Earnings?

Key Points

• Zacks Research has raised its earnings per share estimate for Essex Property Trust for FY2025 to $15.95, slightly above the previous estimate of $15.92, while the consensus estimate is at $15.96.
• Essex Property Trust reported $4.03 earnings per share for the last quarter, exceeding predictions and representing an increase from $3.94 earnings per share in the same quarter the previous year.
• The company's quarterly dividend of $2.57 per share indicates an annualized dividend of $10.28, offering a yield of 3.9% and a dividend payout ratio of 82.64%.

Essex Property Trust, Inc. (NYSE:ESS - Free Report) - Zacks Research increased their FY2025 earnings per share (EPS) estimates for Essex Property Trust in a research note issued to investors on Wednesday, October 22nd. Zacks Research analyst Team now expects that the real estate investment trust will earn $15.95 per share for the year, up from their prior estimate of $15.92. The consensus estimate for Essex Property Trust's current full-year earnings is $15.96 per share.

Essex Property Trust (NYSE:ESS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $4.03 earnings per share for the quarter, beating analysts' consensus estimates of $3.99 by $0.04. Essex Property Trust had a return on equity of 13.98% and a net margin of 43.51%.The company had revenue of $465.84 million for the quarter, compared to the consensus estimate of $466.47 million. During the same quarter in the prior year, the company earned $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.

ESS has been the topic of a number of other research reports. Royal Bank Of Canada increased their target price on Essex Property Trust from $306.00 to $307.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Piper Sandler downgraded Essex Property Trust from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $355.00 to $275.00 in a research note on Monday, August 4th. BNP Paribas downgraded Essex Property Trust from an "outperform" rating to a "hold" rating in a research note on Monday, September 29th. Morgan Stanley decreased their price objective on 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. Finally, Wells Fargo & Company raised their price objective on Essex Property Trust from $279.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Monday, October 13th. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $297.09.

Essex Property Trust Stock Up 0.8%

ESS stock opened at $264.19 on Thursday. Essex Property Trust has a fifty-two week low of $243.85 and a fifty-two week high of $316.29. The business's 50-day moving average is $263.91 and its two-hundred day moving average is $273.32. 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 company has a market cap of $17.01 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 6.36 and a beta of 0.81.

Institutional Trading of Essex Property Trust

Several institutional investors have recently made changes to their positions in ESS. Legacy Wealth Asset Management LLC lifted its stake in shares of Essex Property Trust by 3.8% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 1,054 shares of the real estate investment trust's stock worth $282,000 after acquiring an additional 39 shares during the last quarter. Huntington National Bank raised its position in Essex Property Trust by 16.1% during the 2nd quarter. Huntington National Bank now owns 288 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 40 shares in the last quarter. Turning Point Benefit Group Inc. raised its position in Essex Property Trust by 2.3% during the 2nd quarter. Turning Point Benefit Group Inc. now owns 1,861 shares of the real estate investment trust's stock valued at $527,000 after purchasing an additional 42 shares in the last quarter. Stephens Inc. AR raised 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 valued at $302,000 after purchasing an additional 43 shares in the last quarter. Finally, Horizon Investments LLC increased its holdings in shares of Essex Property Trust by 5.0% in the 1st quarter. Horizon Investments LLC now owns 929 shares of the real estate investment trust's stock valued at $285,000 after acquiring an additional 44 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Essex Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $2.57 per share. The ex-dividend date was Tuesday, September 30th. This represents a $10.28 annualized dividend and a dividend yield of 3.9%. Essex Property Trust's dividend payout ratio (DPR) is currently 82.64%.

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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