Essex Property Trust (NYSE:ESS – Get Free Report) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.860-3.980 for the period, compared to the consensus EPS 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.
Analyst Upgrades and Downgrades
ESS has been the subject of several recent analyst reports. JMP Securities reiterated a “market perform” rating on shares of Essex Property Trust in a research note on Thursday, January 16th. Raymond James downgraded Essex Property Trust from an “outperform” rating to a “market perform” rating in a research 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 stock from $308.00 to $310.00 in a report on Tuesday, January 21st. Barclays lowered their price target on shares of Essex Property Trust from $316.00 to $302.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Finally, BMO Capital Markets upgraded Essex Property Trust from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $323.00 to $310.00 in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $304.32.
View Our Latest Stock Analysis on ESS
Essex Property Trust Stock Up 1.1 %
Essex Property Trust (NYSE:ESS – Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.92 earnings per share (EPS) 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%. As a group, equities analysts expect that Essex Property Trust will post 15.58 EPS for the current fiscal year.
Essex Property Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were given a dividend of $2.45 per share. The ex-dividend date 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%.
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.
Featured Articles
- Five stocks we like better than Essex Property Trust
- Pros And Cons Of Monthly Dividend Stocks
- Rocket Lab’s Growth Strategy: Small Rockets, Massive Potential
- The Significance of Brokerage Rankings in Stock Selection
- Goldman Sachs vs. Morgan Stanley—Which Stock Has More Upside?
- 3 Healthcare Dividend Stocks to Buy
- 3 Reasons Bulls Will Win on Super Micro Computer Stock
Receive News & Ratings for Essex Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essex Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.