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

Essex Property Trust (NYSE:ESS) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 15.560-16.060 for the period, compared to the consensus EPS 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.

Essex Property Trust Trading Up 1.1 %

NYSE ESS traded up $3.09 on Tuesday, hitting $287.48. 530,854 shares of the company were exchanged, compared to its average volume of 460,884. The company’s 50 day moving average price is $288.23 and its 200-day moving average price is $292.31. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $18.48 billion, a P/E ratio of 33.58, a price-to-earnings-growth ratio of 6.60 and a beta of 0.92. Essex Property Trust has a twelve month low of $223.06 and a twelve month high of $317.73.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings data 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 9.72% and a net margin of 31.55%. Analysts predict that Essex Property Trust will post 15.58 earnings per share for the current fiscal year.

Essex Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were paid a dividend of $2.45 per share. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ESS. 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 reaffirmed a “market perform” rating on shares of Essex Property Trust in a research note on Thursday, January 16th. JPMorgan Chase & Co. cut Essex Property Trust from a “neutral” rating to an “underweight” rating and lifted their target price for the company from $297.00 to $303.00 in a research note on Tuesday, December 17th. Barclays lowered their target price on Essex Property Trust from $316.00 to $302.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft raised Essex Property Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $308.00 to $310.00 in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $304.32.

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.