Essex Property Trust (NYSE:ESS) Releases Q1 2025 Earnings Guidance

Essex Property Trust (NYSE:ESS) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.860-3.980 for the period, compared to the consensus EPS estimate of 3.930. The company issued revenue guidance of -. Essex Property Trust also updated its FY 2025 guidance to 15.560-16.060 EPS.

Essex Property Trust Stock Performance

Shares of Essex Property Trust stock traded up $3.09 on Tuesday, hitting $287.48. The stock had a trading volume of 530,854 shares, compared to its average volume of 460,884. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.13. The business’s 50 day moving average is $288.23 and its two-hundred day moving average is $292.31. Essex Property Trust has a twelve month low of $223.06 and a twelve month high of $317.73. The stock has a market cap of $18.48 billion, a price-to-earnings 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 earnings results on Tuesday, February 4th. The real estate investment trust reported $3.92 earnings per share (EPS) 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%. Analysts forecast that Essex Property Trust will post 15.58 EPS for the current year.

Essex Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were issued a $2.45 dividend. This represents a $9.80 annualized dividend and a yield of 3.41%. The ex-dividend date was Thursday, January 2nd. Essex Property Trust’s dividend payout ratio is currently 114.49%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised Essex Property Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $308.00 to $310.00 in a report on Tuesday, January 21st. Wells Fargo & Company dropped their price target on shares of Essex Property Trust from $314.00 to $305.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Raymond James downgraded Essex Property Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, October 21st. Barclays dropped their target price on shares of Essex Property Trust from $316.00 to $302.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Finally, Mizuho cut their price target on Essex Property Trust from $325.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Essex Property Trust presently has a consensus rating of “Hold” and a consensus target price of $304.32.

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.