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

Essex Property Trust (NYSE:ESS) updated its first quarter 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 3.860-3.980 for the period, compared to the consensus 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 Price Performance

Shares of Essex Property Trust stock traded up $3.61 during trading on Thursday, hitting $299.40. 239,174 shares of the company’s stock traded hands, compared to its average volume of 464,297. 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 current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $19.24 billion, a PE ratio of 35.03, a PEG ratio of 6.60 and a beta of 0.92. The firm’s fifty day moving average price is $287.46 and its 200 day moving average price is $292.36.

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 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%. Analysts forecast that Essex Property Trust will post 15.58 earnings per share for the current year.

Essex Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders 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 annualized dividend and a dividend yield of 3.27%. Essex Property Trust’s dividend payout ratio is presently 114.49%.

Analyst Upgrades and Downgrades

ESS has been the topic of a number of recent analyst reports. Raymond James lowered shares of Essex Property Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, October 21st. Royal Bank of Canada raised their price target on Essex Property Trust from $302.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised Essex Property Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $308.00 to $310.00 in a research note on Tuesday, January 21st. BMO Capital Markets upgraded Essex Property Trust from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $323.00 to $310.00 in a research note on Monday, January 13th. Finally, 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. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $305.74.

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.