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

Essex Property Trust (NYSE:ESS) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 15.560-16.060 for the period, compared to the consensus EPS estimate of 16.000. The company issued revenue guidance of -. Essex Property Trust also updated its Q1 2025 guidance to 3.860-3.980 EPS.

Analyst Ratings Changes

A number of brokerages recently commented on ESS. JPMorgan Chase & Co. lowered Essex Property Trust from a “neutral” rating to an “underweight” rating and raised their price target for the stock from $297.00 to $303.00 in a research note on Tuesday, December 17th. Mizuho dropped their target price on shares of Essex Property Trust from $325.00 to $300.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company reduced their price target on shares of Essex Property Trust from $314.00 to $305.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft raised shares of Essex Property Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $308.00 to $310.00 in a research note on Tuesday, January 21st. Finally, JMP Securities reiterated a “market perform” rating on shares of Essex Property Trust in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Essex Property Trust has an average rating of “Hold” and a consensus price target of $304.32.

Essex Property Trust Stock Up 1.1 %

Shares of Essex Property Trust stock opened at $287.48 on Wednesday. The company has a 50-day simple moving average of $287.79 and a two-hundred day simple moving average of $292.33. Essex Property Trust has a 52-week low of $223.06 and a 52-week high of $317.73. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $18.48 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 6.60 and a beta of 0.92.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $2.52. Essex Property Trust had a net margin of 31.55% and a return on equity of 9.72%. On average, analysts anticipate that Essex Property Trust will post 15.58 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were given a dividend of $2.45 per share. The ex-dividend date was Thursday, January 2nd. This represents a $9.80 annualized dividend and a dividend yield of 3.41%. Essex Property Trust’s dividend payout ratio (DPR) is presently 114.49%.

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.