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

Essex Property Trust (NYSE:ESS) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 15.560-16.060 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

A number of research firms recently weighed in on ESS. JPMorgan Chase & Co. cut Essex Property Trust from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $297.00 to $303.00 in a report on Tuesday, December 17th. Raymond James downgraded shares of Essex Property Trust from an “outperform” rating to a “market perform” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded Essex Property Trust from a “hold” rating to a “buy” rating and increased their target price for the company from $308.00 to $310.00 in a report on Tuesday, January 21st. Royal Bank of Canada increased their price objective on Essex Property Trust from $302.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, BMO Capital Markets raised shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and cut their target price for the company from $323.00 to $310.00 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $305.74.

Essex Property Trust Trading Up 1.2 %

Essex Property Trust stock traded up $3.61 during midday trading on Thursday, reaching $299.40. The stock had a trading volume of 239,174 shares, compared to its average volume of 464,297. The stock’s 50-day simple moving average is $287.46 and its 200 day simple moving average is $292.36. Essex Property Trust has a twelve month low of $223.06 and a twelve month 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 $19.24 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 6.60 and a beta of 0.92.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.92 earnings per share for the quarter, beating the consensus estimate of $1.40 by $2.52. Essex Property Trust had a return on equity of 9.72% and a net margin of 31.55%. Analysts expect that Essex Property Trust will post 15.58 EPS for the current year.

Essex Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were given a $2.45 dividend. This represents a $9.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Thursday, January 2nd. Essex Property Trust’s payout ratio is currently 114.49%.

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.