FY2026 EPS Estimates for Essex Property Trust, Inc. Reduced by Analyst (NYSE:ESS)

Essex Property Trust, Inc. (NYSE:ESS) – Equities researchers at Zacks Research lowered their FY2026 earnings per share (EPS) estimates for shares of Essex Property Trust in a report issued on Monday, April 15th. Zacks Research analyst R. Department now expects 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.

A number of other equities research analysts also recently weighed in on ESS. Raymond James raised Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $265.00 target price for the company in a report on Monday, March 18th. Barclays raised their price target on Essex Property Trust from $224.00 to $225.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 20th. Stifel Nicolaus decreased their price target on Essex Property Trust from $225.00 to $223.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. Royal Bank of Canada raised their price target on Essex Property Trust from $237.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $227.00 target price on shares of Essex Property Trust in a research report on Thursday, February 22nd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $245.37.

Essex Property Trust Trading Down 0.0 %

Shares of Essex Property Trust stock opened at $232.65 on Tuesday. Essex Property Trust has a 1 year low of $203.85 and a 1 year high of $252.85. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.26 and a quick ratio of 3.26. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 36.87, a P/E/G ratio of 3.48 and a beta of 0.80. The business has a fifty day simple moving average of $237.20 and a two-hundred day simple moving average of $230.48.

Essex Property Trust Increases Dividend

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

Hedge Funds Weigh In On Essex Property Trust

Large investors have recently modified their holdings of the company. Clear Street Markets LLC bought a new position in shares of Essex Property Trust in the 4th quarter worth $25,000. Lindbrook Capital LLC raised its position in Essex Property Trust by 111.5% in the 4th quarter. Lindbrook Capital LLC now owns 110 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 58 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Essex Property Trust by 100.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 120 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 60 shares during the last quarter. Pacific Center for Financial Services purchased a new stake in Essex Property Trust in the 1st quarter valued at $30,000. Finally, Advisory Services Network LLC purchased a new stake in Essex Property Trust in the 1st quarter valued at $32,000. 96.51% of the stock is currently owned by institutional investors.

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.