Essex Property Trust (NYSE:ESS) Issues FY 2025 Earnings Guidance

Essex Property Trust (NYSE:ESS) updated its FY 2025 earnings guidance on Tuesday. 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.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Mizuho reduced their price objective on Essex Property Trust from $325.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada raised their price objective on shares of Essex Property Trust from $302.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday. Raymond James cut Essex Property Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, October 21st. JMP Securities reissued a “market perform” rating on shares of Essex Property Trust in a research report on Thursday. Finally, BMO Capital Markets raised shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $323.00 to $310.00 in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $305.74.

Essex Property Trust Stock Performance

ESS traded up $3.61 on Thursday, hitting $299.40. 239,174 shares of the company traded hands, compared to its average volume of 464,297. Essex Property Trust has a 12-month low of $223.06 and a 12-month high of $317.73. The company has a 50 day moving average of $287.46 and a 200-day moving average of $292.36. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $19.24 billion, a PE ratio of 35.03, a PEG ratio of 6.60 and a beta of 0.92.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.92 EPS for the quarter, topping 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%. Sell-side analysts anticipate 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. This represents a $9.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Thursday, January 2nd. Essex Property Trust’s dividend payout ratio (DPR) is presently 114.49%.

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.