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

Essex Property Trust (NYSE:ESS) 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.

Essex Property Trust Price Performance

Shares of NYSE ESS traded up $3.61 during mid-day trading on Thursday, reaching $299.40. 239,174 shares of the company traded hands, compared to its average volume of 464,297. The firm has a market cap of $19.24 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 6.60 and a beta of 0.92. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.14 and a quick ratio of 1.14. Essex Property Trust has a fifty-two week low of $223.06 and a fifty-two week high of $317.73. The stock has a fifty day simple moving average of $287.46 and a 200-day simple moving average of $292.36.

Essex Property Trust (NYSE:ESS) last issued 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%. Equities research analysts anticipate that Essex Property Trust will post 15.58 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders 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 dividend yield of 3.27%. Essex Property Trust’s dividend payout ratio (DPR) is 114.49%.

Wall Street Analyst Weigh In

Several analysts recently commented on ESS shares. Deutsche Bank Aktiengesellschaft raised shares of Essex Property Trust from a “hold” rating to a “buy” rating and increased their target price for the company from $308.00 to $310.00 in a research note on Tuesday, January 21st. Barclays decreased their target price on Essex Property Trust from $316.00 to $302.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. JMP Securities reaffirmed a “market perform” rating on shares of Essex Property Trust in a report on Thursday. Mizuho dropped their price target 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. Finally, Raymond James lowered shares of Essex Property Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Essex Property Trust presently has an average rating of “Hold” and a consensus price target of $305.74.

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.