Zacks Research Brokers Reduce Earnings Estimates for ESS

Essex Property Trust, Inc. (NYSE:ESS) – Equities researchers at Zacks Research dropped their Q2 2025 earnings per share estimates for Essex Property Trust in a report released on Tuesday, February 25th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings of $4.00 per share for the quarter, down from their previous estimate of $4.01. The consensus estimate for Essex Property Trust’s current full-year earnings is $15.96 per share. Zacks Research also issued estimates for Essex Property Trust’s Q3 2025 earnings at $3.97 EPS, FY2025 earnings at $15.92 EPS, Q1 2026 earnings at $4.12 EPS, Q2 2026 earnings at $4.12 EPS, Q4 2026 earnings at $4.14 EPS and FY2026 earnings at $16.51 EPS.

Several other research analysts have also recently weighed in on ESS. Mizuho decreased their target price on Essex Property Trust from $325.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Essex Property Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $308.00 to $310.00 in a report on Tuesday, January 21st. Royal Bank of Canada lifted their price objective on shares of Essex Property Trust from $302.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Barclays boosted their target price on shares of Essex Property Trust from $302.00 to $304.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Finally, Evercore ISI raised their target price on shares of Essex Property Trust from $297.00 to $302.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. One equities 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’s stock. Based on data from MarketBeat, Essex Property Trust presently has a consensus rating of “Hold” and a consensus target price of $306.63.

Essex Property Trust Trading Up 0.8 %

Essex Property Trust stock opened at $303.93 on Friday. The stock has a market capitalization of $19.53 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 6.84 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.14 and a quick ratio of 1.14. Essex Property Trust has a 12-month low of $226.19 and a 12-month high of $317.73. The firm has a 50 day simple moving average of $285.88 and a 200-day simple moving average of $293.55.

Essex Property Trust (NYSE:ESS) 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, topping the consensus estimate of $1.40 by $2.52. Essex Property Trust had a return on equity of 13.05% and a net margin of 41.79%.

Essex Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $2.57 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $10.28 dividend on an annualized basis and a yield of 3.38%. This is an increase from Essex Property Trust’s previous quarterly dividend of $2.45. Essex Property Trust’s dividend payout ratio is currently 89.08%.

Institutional Trading of Essex Property Trust

Institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in Essex Property Trust by 4.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,364 shares of the real estate investment trust’s stock worth $2,175,000 after purchasing an additional 306 shares in the last quarter. abrdn plc lifted its position in shares of Essex Property Trust by 4.5% in the third quarter. abrdn plc now owns 140,250 shares of the real estate investment trust’s stock worth $41,508,000 after buying an additional 6,092 shares during the last quarter. Golden State Equity Partners bought a new stake in shares of Essex Property Trust during the 3rd quarter worth about $403,000. New York State Teachers Retirement System increased its holdings in shares of Essex Property Trust by 6.0% during the 3rd quarter. New York State Teachers Retirement System now owns 58,694 shares of the real estate investment trust’s stock valued at $17,339,000 after acquiring an additional 3,316 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its stake in shares of Essex Property Trust by 64.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,873 shares of the real estate investment trust’s stock valued at $553,000 after acquiring an additional 734 shares in the last quarter. 96.51% of the stock is currently 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.