Essex Property Trust, Inc. (NYSE:ESS – Free Report) – Zacks Research boosted their Q1 2025 earnings per share estimates for Essex Property Trust in a report released on Wednesday, July 24th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings per share of $3.85 for the quarter, up from their previous estimate of $3.80. The consensus estimate for Essex Property Trust’s current full-year earnings is $15.41 per share. Zacks Research also issued estimates for Essex Property Trust’s Q2 2025 earnings at $3.88 EPS, Q3 2025 earnings at $3.95 EPS, Q4 2025 earnings at $4.05 EPS, FY2025 earnings at $15.73 EPS and Q1 2026 earnings at $4.12 EPS.
Several other equities analysts also recently commented on ESS. Mizuho increased their target price on Essex Property Trust from $250.00 to $266.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. UBS Group increased their target price on Essex Property Trust from $261.00 to $283.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Truist Financial increased their target price on Essex Property Trust from $255.00 to $282.00 and gave the company a “hold” rating in a research report on Monday, June 24th. StockNews.com upgraded Essex Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Piper Sandler reissued an “overweight” rating and issued a $315.00 price target on shares of Essex Property Trust in a research note on Friday, June 28th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $262.15.
View Our Latest Stock Analysis on Essex Property Trust
Essex Property Trust Price Performance
Essex Property Trust stock opened at $286.74 on Friday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $18.41 billion, a PE ratio of 35.05, a P/E/G ratio of 4.00 and a beta of 0.86. Essex Property Trust has a 12 month low of $203.85 and a 12 month high of $292.37. The stock has a 50-day moving average price of $272.85 and a two-hundred day moving average price of $252.18.
Essex Property Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Friday, June 28th were paid a $2.45 dividend. The ex-dividend date was Friday, June 28th. This represents a $9.80 dividend on an annualized basis and a yield of 3.42%. Essex Property Trust’s dividend payout ratio (DPR) is presently 119.80%.
Insider Buying and Selling at Essex Property Trust
In other news, CEO Angela L. Kleiman sold 3,780 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $278.27, for a total value of $1,051,860.60. Following the transaction, the chief executive officer now owns 9,494 shares in the company, valued at $2,641,895.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Angela L. Kleiman sold 3,780 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $278.27, for a total value of $1,051,860.60. Following the transaction, the chief executive officer now owns 9,494 shares in the company, valued at $2,641,895.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith R. Guericke sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $274.57, for a total value of $2,745,700.00. Following the completion of the transaction, the director now owns 16,118 shares in the company, valued at approximately $4,425,519.26. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of ESS. Cohen & Steers Inc. lifted its holdings in Essex Property Trust by 31.2% during the fourth quarter. Cohen & Steers Inc. now owns 3,072,004 shares of the real estate investment trust’s stock worth $761,760,000 after acquiring an additional 730,141 shares during the period. Norges Bank bought a new stake in Essex Property Trust during the fourth quarter worth $675,183,000. Price T Rowe Associates Inc. MD lifted its holdings in Essex Property Trust by 8.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,832,845 shares of the real estate investment trust’s stock worth $448,701,000 after acquiring an additional 147,130 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Essex Property Trust by 86.5% during the first quarter. Daiwa Securities Group Inc. now owns 997,792 shares of the real estate investment trust’s stock worth $244,269,000 after acquiring an additional 462,828 shares during the period. Finally, Boston Partners lifted its holdings in Essex Property Trust by 3.3% during the first quarter. Boston Partners now owns 744,175 shares of the real estate investment trust’s stock worth $182,185,000 after acquiring an additional 23,673 shares during the period. Institutional investors own 96.51% of the company’s stock.
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.
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