FY2026 Earnings Estimate for Essex Property Trust, Inc. (NYSE:ESS) Issued By Zacks Research

Essex Property Trust, Inc. (NYSE:ESS) – Investment analysts at Zacks Research cut their FY2026 earnings per share (EPS) estimates for shares of Essex Property Trust in a research note issued on Monday, April 15th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings per share of $16.12 for the year, down from their previous forecast of $16.34. The consensus estimate for Essex Property Trust’s current full-year earnings is $15.11 per share.

Other equities analysts have also recently issued research reports about the company. Barclays lifted their target price on Essex Property Trust from $224.00 to $225.00 and gave the stock an “underweight” rating in a report on Tuesday, February 20th. StockNews.com downgraded Essex Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Mizuho upgraded Essex Property Trust from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $255.00 to $250.00 in a research note on Wednesday, February 28th. Truist Financial dropped their price target on Essex Property Trust from $259.00 to $255.00 and set a “hold” rating on the stock in a research note on Tuesday, April 9th. Finally, Morgan Stanley boosted their price target on Essex Property Trust from $227.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $245.37.

Essex Property Trust Stock Performance

NYSE ESS opened at $232.63 on Tuesday. The stock has a market capitalization of $14.94 billion, a PE ratio of 36.87, a P/E/G ratio of 3.53 and a beta of 0.80. The business has a 50 day simple moving average of $237.12 and a two-hundred day simple moving average of $230.47. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.26 and a quick ratio of 3.26. Essex Property Trust has a 1-year low of $203.85 and a 1-year high of $252.85.

Hedge Funds Weigh In On Essex Property Trust

A number of hedge funds have recently made changes to their positions in ESS. Steward Partners Investment Advisory LLC grew its position in shares of Essex Property Trust by 100.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 120 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 60 shares in the last quarter. Clear Street Markets LLC purchased a new stake in shares of Essex Property Trust in the fourth quarter valued at approximately $25,000. Lindbrook Capital LLC grew its position in Essex Property Trust by 111.5% in the fourth quarter. Lindbrook Capital LLC now owns 110 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 58 shares during the period. Pacific Center for Financial Services purchased a new position in Essex Property Trust in the first quarter worth approximately $30,000. Finally, Advisory Services Network LLC purchased a new position in Essex Property Trust in the first quarter worth approximately $32,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Essex Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $2.45 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $9.80 dividend on an annualized basis and a dividend yield of 4.21%. This is a boost from Essex Property Trust’s previous quarterly dividend of $2.31. Essex Property Trust’s dividend payout ratio is presently 155.31%.

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.