Weekly Analysts’ Ratings Updates for Essex Property Trust (ESS)

Several analysts have recently updated their ratings and price targets for Essex Property Trust (NYSE: ESS):

• 1/24/2025 – Essex Property Trust had its price target lowered by analysts at Wells Fargo & Company from $314.00 to $305.00. They now have an “equal weight” rating on the stock.
• 1/24/2025 – Essex Property Trust had its price target lowered by analysts at Barclays PLC from $316.00 to $302.00. They now have an “equal weight” rating on the stock.
• 1/21/2025 – Essex Property Trust was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating. They now have a $310.00 price target on the stock, up previously from $308.00.
• 1/16/2025 – Essex Property Trust had its “market perform” rating reaffirmed by analysts at JMP Securities.
• 1/13/2025 – Essex Property Trust was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $310.00 price target on the stock, down previously from $323.00.
• 1/6/2025 – Essex Property Trust had its price target lowered by analysts at Mizuho from $325.00 to $300.00. They now have an “outperform” rating on the stock.
• 12/17/2024 – Essex Property Trust was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $303.00 price target on the stock, up previously from $297.00.
• 12/17/2024 – Essex Property Trust is now covered by analysts at Barclays PLC. They set an “equal weight” rating and a $316.00 price target on the stock.

Essex Property Trust Stock Up 1.1 %

Shares of NYSE ESS traded up $3.09 on Tuesday, reaching $287.48. 530,854 shares of the company’s stock traded hands, compared to its average volume of 460,884. The business’s 50 day simple moving average is $288.23 and its two-hundred day simple moving average is $292.31. Essex Property Trust, Inc. has a 12 month low of $223.06 and a 12 month high of $317.73. The company 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. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.13.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $2.52. Essex Property Trust had a return on equity of 9.72% and a net margin of 31.55%. As a group, equities research analysts forecast that Essex Property Trust, Inc. will post 15.58 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

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 $2.45 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $9.80 annualized dividend and a yield of 3.41%. Essex Property Trust’s dividend payout ratio (DPR) is presently 114.49%.

Institutional Investors Weigh In On Essex Property Trust

Several large investors have recently bought and sold shares of ESS. Kestra Investment Management LLC purchased a new stake in shares of Essex Property Trust during the 4th quarter valued at about $25,000. Assetmark Inc. lifted its position in Essex Property Trust by 2,400.0% during the third quarter. Assetmark Inc. now owns 100 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 96 shares during the period. Brooklyn Investment Group bought a new position in Essex Property Trust during the third quarter valued at approximately $39,000. UMB Bank n.a. boosted its holdings in Essex Property Trust by 37.5% in the fourth quarter. UMB Bank n.a. now owns 154 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 42 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Essex Property Trust in the 4th quarter worth approximately $45,000. 96.51% of the stock is currently owned by institutional investors.

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.