Essex Property Trust, Inc. (NYSE:ESS) Receives Average Rating of “Hold” from Analysts

Shares of Essex Property Trust, Inc. (NYSE:ESS) have been assigned an average rating of “Hold” from the twenty brokerages that are presently covering the stock, Marketbeat reports. Thirteen equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $289.5938.

ESS has been the topic of several analyst reports. Wall Street Zen cut shares of Essex Property Trust from a “hold” rating to a “sell” rating in a report on Saturday. Evercore ISI dropped their price objective on shares of Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Essex Property Trust in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their target price on Essex Property Trust from $280.00 to $268.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Finally, BNP Paribas cut Essex Property Trust from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th.

Institutional Trading of Essex Property Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Essex Property Trust by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,493,313 shares of the real estate investment trust’s stock worth $2,973,805,000 after buying an additional 53,039 shares during the last quarter. State Street Corp raised its stake in Essex Property Trust by 2.5% during the 2nd quarter. State Street Corp now owns 5,388,169 shares of the real estate investment trust’s stock worth $1,540,570,000 after acquiring an additional 129,806 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in Essex Property Trust by 151,452.8% in the second quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust’s stock valued at $843,969,000 after acquiring an additional 2,976,047 shares during the last quarter. Geode Capital Management LLC boosted its stake in Essex Property Trust by 1.3% in the second quarter. Geode Capital Management LLC now owns 1,825,007 shares of the real estate investment trust’s stock valued at $515,226,000 after acquiring an additional 23,565 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Essex Property Trust by 9.5% during the third quarter. Daiwa Securities Group Inc. now owns 1,157,617 shares of the real estate investment trust’s stock worth $309,848,000 after purchasing an additional 100,730 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Essex Property Trust Stock Down 1.8%

Shares of NYSE ESS opened at $256.95 on Friday. The stock has a market cap of $16.55 billion, a P/E ratio of 19.53, a PEG ratio of 6.12 and a beta of 0.73. The business’s fifty day simple moving average is $258.09 and its 200-day simple moving average is $265.96. Essex Property Trust has a 12-month low of $243.25 and a 12-month high of $316.29. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.15.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.01. The company had revenue of $473.30 million for the quarter, compared to the consensus estimate of $472.11 million. Essex Property Trust had a return on equity of 14.68% and a net margin of 45.46%.During the same quarter in the prior year, the business earned $3.91 EPS. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS and its FY 2025 guidance at 15.890-15.990 EPS. As a group, equities analysts predict that Essex Property Trust will post 15.96 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be paid a dividend of $2.57 per share. The ex-dividend date is Friday, January 2nd. This represents a $10.28 annualized dividend and a yield of 4.0%. Essex Property Trust’s payout ratio is presently 78.12%.

Essex Property Trust Company Profile

Essex Property Trust, Inc (NYSE: ESS) is a publicly traded real estate investment trust that acquires, develops, owns and operates multifamily residential properties. The company focuses on market-rate apartment communities and delivers a full suite of property services including leasing, resident services, asset management, and capital improvement programs designed to preserve and enhance long‑term property values.

Essex concentrates its portfolio in West Coast markets, with a significant presence in California and the Pacific Northwest.