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 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.

Essex Property Trust Stock Performance

Shares of NYSE ESS traded up $3.09 during trading hours on Tuesday, reaching $287.48. The stock had a trading volume of 530,854 shares, compared to its average volume of 460,884. The business’s fifty day moving average is $288.23 and its two-hundred day moving average is $292.31. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $18.48 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 6.60 and a beta of 0.92. Essex Property Trust has a twelve month low of $223.06 and a twelve month high of $317.73.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.92 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, research analysts expect that Essex Property Trust will post 15.58 EPS for the current year.

Essex Property Trust Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently commented on ESS shares. Barclays cut their target price on Essex Property Trust from $316.00 to $302.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Mizuho lowered their price target on Essex Property Trust from $325.00 to $300.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded Essex Property Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $308.00 to $310.00 in a research report on Tuesday, January 21st. BMO Capital Markets upgraded Essex Property Trust from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $323.00 to $310.00 in a research report on Monday, January 13th. Finally, Wells Fargo & Company lowered their price target on 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. One investment 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 data from MarketBeat.com, the stock presently has an average 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.