Zacks Research Issues Pessimistic Estimate for ESS Earnings

Essex Property Trust, Inc. (NYSE:ESS - Free Report) - Investment analysts at Zacks Research dropped their Q2 2025 EPS estimates for Essex Property Trust in a report released on Tuesday, May 20th. Zacks Research analyst R. Department now expects that the real estate investment trust will earn $3.98 per share for the quarter, down from their prior estimate of $4.00. The consensus estimate for Essex Property Trust's current full-year earnings is $15.96 per share. Zacks Research also issued estimates for Essex Property Trust's Q4 2025 earnings at $3.99 EPS, FY2025 earnings at $15.90 EPS, Q1 2026 earnings at $4.03 EPS, Q2 2026 earnings at $4.07 EPS, Q4 2026 earnings at $4.10 EPS, FY2026 earnings at $16.29 EPS, Q1 2027 earnings at $4.17 EPS and FY2027 earnings at $16.97 EPS.

ESS has been the topic of several other reports. Truist Financial upped their price objective on Essex Property Trust from $292.00 to $304.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Scotiabank boosted their price target on shares of Essex Property Trust from $329.00 to $344.00 and gave the stock a "sector outperform" rating in a research report on Monday, May 12th. Royal Bank of Canada decreased their price target on shares of Essex Property Trust from $311.00 to $309.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. JMP Securities reissued a "market perform" rating on shares of Essex Property Trust in a research note on Thursday, February 6th. Finally, Barclays boosted their target price on shares of Essex Property Trust from $303.00 to $328.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Essex Property Trust has a consensus rating of "Hold" and a consensus price target of $312.17.

Essex Property Trust Price Performance

Shares of Essex Property Trust stock opened at $277.80 on Thursday. The firm has a market cap of $17.89 billion, a PE ratio of 24.07, a PEG ratio of 6.84 and a beta of 0.78. The stock has a 50 day moving average of $284.13 and a 200 day moving average of $289.87. The company has a current ratio of 1.14, a quick 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.

Essex Property Trust (NYSE:ESS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $3.97 EPS for the quarter, topping the consensus estimate of $3.92 by $0.05. The business had revenue of $464.58 million for the quarter, compared to analysts' expectations of $458.03 million. Essex Property Trust had a net margin of 41.79% and a return on equity of 13.05%. During the same quarter in the previous year, the company earned $3.83 EPS.

Institutional Investors Weigh In On Essex Property Trust

A number of institutional investors and hedge funds have recently bought and sold shares of ESS. Kestra Investment Management LLC purchased a new position in shares of Essex Property Trust during the fourth quarter valued at $25,000. WPG Advisers LLC purchased a new position in Essex Property Trust during the 1st quarter valued at about $31,000. Ransom Advisory Ltd bought a new stake in shares of Essex Property Trust in the 1st quarter valued at about $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Essex Property Trust in the 1st quarter worth approximately $34,000. Finally, GKV Capital Management Co. Inc. bought a new position in shares of Essex Property Trust during the first quarter valued at approximately $35,000. 96.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Essex Property Trust news, Director Mary Kasaris sold 2,800 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $300.80, for a total value of $842,240.00. Following the transaction, the director now directly owns 1,755 shares in the company, valued at $527,904. This represents a 61.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Barbara Pak sold 6,318 shares of Essex Property Trust stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $314.79, for a total transaction of $1,988,843.22. Following the sale, the chief financial officer now directly owns 8,654 shares of the company's stock, valued at $2,724,192.66. This represents a 42.20% 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 in the last 90 days. Company insiders own 3.46% of the company's stock.

Essex Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $2.57 dividend. This represents a $10.28 annualized dividend and a yield of 3.70%. The ex-dividend date is Monday, June 30th. Essex Property Trust's dividend payout ratio (DPR) is presently 98.37%.

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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