Q3 EPS Estimate for Essex Property Trust Lowered by Analyst

Essex Property Trust, Inc. (NYSE:ESS) – Investment analysts at Zacks Research decreased their Q3 2025 earnings estimates for shares of Essex Property Trust in a research note issued to investors on Tuesday, November 19th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will earn $4.00 per share for the quarter, down from their prior forecast of $4.03. The consensus estimate for Essex Property Trust’s current full-year earnings is $15.56 per share. Zacks Research also issued estimates for Essex Property Trust’s Q4 2025 earnings at $4.09 EPS, FY2025 earnings at $15.95 EPS, Q3 2026 earnings at $4.08 EPS and FY2026 earnings at $16.48 EPS.

Essex Property Trust (NYSE:ESS) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $1.84 EPS for the quarter, missing the consensus estimate of $3.88 by ($2.04). The company had revenue of $450.70 million for the quarter, compared to analyst estimates of $445.88 million. Essex Property Trust had a return on equity of 9.72% and a net margin of 31.55%. During the same quarter last year, the business posted $3.78 earnings per share.

Several other research firms also recently issued reports on ESS. Royal Bank of Canada lifted their price target on Essex Property Trust from $284.00 to $288.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Truist Financial boosted their target price on Essex Property Trust from $282.00 to $294.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Bank of America cut shares of Essex Property Trust from a “buy” rating to a “neutral” rating and raised their price target for the stock from $307.00 to $321.00 in a research note on Tuesday, September 24th. Evercore ISI lifted their price objective on shares of Essex Property Trust from $283.00 to $287.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, Stifel Nicolaus increased their target price on shares of Essex Property Trust from $267.00 to $268.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $297.00.

Essex Property Trust Trading Up 1.3 %

ESS opened at $304.54 on Friday. The stock has a market capitalization of $19.57 billion, a P/E ratio of 35.58, a P/E/G ratio of 5.94 and a beta of 0.88. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. Essex Property Trust has a 12 month low of $210.36 and a 12 month high of $317.73. The firm’s fifty day simple moving average is $297.34 and its 200 day simple moving average is $284.82.

Essex Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were paid a dividend of $2.45 per share. This represents a $9.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Monday, September 30th. Essex Property Trust’s dividend payout ratio is presently 114.49%.

Insider Buying and Selling

In related news, CEO Angela L. Kleiman sold 8,080 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $315.10, for a total value of $2,546,008.00. Following the transaction, the chief executive officer now directly owns 9,494 shares in the company, valued at approximately $2,991,559.40. This represents a 45.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amal M. Johnson sold 2,453 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $300.00, for a total transaction of $735,900.00. Following the transaction, the director now owns 2,585 shares in the company, valued at approximately $775,500. The trade was a 48.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,402 shares of company stock valued at $6,399,663. Company insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Essex Property Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ESS. 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 worth $30,000 after purchasing an additional 96 shares during the period. Continuum Advisory LLC boosted its position in shares of Essex Property Trust by 214.3% during the 2nd quarter. Continuum Advisory LLC now owns 110 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 75 shares in the last quarter. UMB Bank n.a. increased its stake in Essex Property Trust by 600.0% in the second quarter. UMB Bank n.a. now owns 112 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 96 shares during the last quarter. Family Firm Inc. bought a new position in Essex Property Trust in the second quarter valued at approximately $31,000. Finally, Brooklyn Investment Group bought a new stake in Essex Property Trust during the third quarter worth $39,000. 96.51% of the stock is owned by institutional investors and hedge funds.

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.