Essex Property Trust
About: Essex Property Trust owns a portfolio of 256 apartment communities with over 62,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
Employees: 1,715
0
Funds holding %
of 7,425 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
90% more call options, than puts
Call options by funds: $22.4M | Put options by funds: $11.8M
49% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 57
3% more funds holding
Funds holding: 596 [Q3] → 615 (+19) [Q4]
2.64% more ownership
Funds ownership: 91.81% [Q3] → 94.45% (+2.64%) [Q4]
10% more repeat investments, than reductions
Existing positions increased: 225 | Existing positions reduced: 205
0% more funds holding in top 10
Funds holding in top 10: 3 [Q3] → 3 (+0) [Q4]
0% less capital invested
Capital invested by funds: $17.3B [Q3] → $17.3B (-$21.1M) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$302
6%
upside
Avg. target
$305
6%
upside
High target
$309
8%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
RBC Capital Brad Heffern 51% 1-year accuracy 19 / 37 met price target | 8%upside $309 | Outperform Maintained | 1 May 2025 |
Barclays Richard Hightower 48% 1-year accuracy 11 / 23 met price target | 6%upside $303 | Equal-Weight Maintained | 11 Apr 2025 |
Truist Securities Michael Lewis 43% 1-year accuracy 13 / 30 met price target | 6%upside $304 | Hold Maintained | 10 Mar 2025 |
Evercore ISI Group Steve Sakwa 43% 1-year accuracy 19 / 44 met price target | 6%upside $302 | In-Line Maintained | 10 Feb 2025 |
Financial journalist opinion
Based on 14 articles about ESS published over the past 30 days
Negative
Seeking Alpha
5 days ago
Sell Alert: 2 REITs With Major Red Flags
Insider sales are a red flag, but can be explained. But multi-million-dollar insider sales are harder to explain. I highlight two REITs with major red flags.
Neutral
Seeking Alpha
6 days ago
Essex Property Trust, Inc. (ESS) Q1 2025 Earnings Call Transcript
Essex Property Trust, Inc. (NYSE:ESS ) Q1 2025 - Earnings Conference Call April 30, 2025 ET Company Participants Angela Kleiman - President and Chief Executive Officer Barb Pak - Chief Financial Officer & Executive Vice President Rylan Burns - Executive Vice President and Chief Investment Officer Conference Call Participants Nick Yulico - Scotiabank Eric Wolfe - Citibank Sanket Agrawal - Evercore ISI Alexander Goldfarb - Piper Sandler Austin Wurschmidt - KeyBanc Capital Markets Yana - Bank of America Jamie Feldman - Wells Fargo Brad Heffern - RBC Capital John Kim - BMO Capital Markets Adam Kramer - Morgan Stanley Michael Goldsmith - UBS Wes Golladay - Baird Haendel St. Juste - Mizuho Securities Rich Anderson - Wedbush Securities Julien Blouin - Goldman Sachs Rich Hightower - Barclays David Segall - Green Street Alex Kim - Zelman and Associates Operator Good day, and welcome to Essex Property Trust First Quarter 2025 Earnings Call. As a reminder, today's conference call is being recorded.
Positive
Zacks Investment Research
6 days ago
Essex Property Q1 Core FFO Beats Estimates, Revenues Increase Y/Y
ESS' first-quarter results reflect a year over year rise in same-property revenues and net operating income.
Positive
Seeking Alpha
6 days ago
3 Once-In-A-Decade REIT Opportunities
REITs are priced at the lowest valuations since 2009. After a long bear market, REITs are getting ready to recover. Some REITs will richly reward shareholders. Here are 3 once-in-a-decade opportunities that we are accumulating.
Positive
Seeking Alpha
6 days ago
Best Dividend Aristocrats For May 2025
Despite a strong start, the Dividend Aristocrats are underperforming the S&P 500 in April, with NOBL down 4.88% and SPY down 1.53%. The best-performing Dividend Aristocrats YTD include Consolidated Edison (+25.65%), Cardinal Health (+17.82%), and Coca-Cola (+16.18%). 33 out of 69 Dividend Aristocrats have announced dividend increases in 2025, with an average growth rate of 4.33%.
Positive
Zacks Investment Research
6 days ago
Essex Property Trust (ESS) Reports Q1 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Essex Property Trust (ESS) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
6 days ago
Essex Property Trust (ESS) Q1 FFO and Revenues Surpass Estimates
Essex Property Trust (ESS) came out with quarterly funds from operations (FFO) of $3.97 per share, beating the Zacks Consensus Estimate of $3.92 per share. This compares to FFO of $3.83 per share a year ago.
Neutral
Business Wire
1 week ago
Essex Announces First Quarter 2025 Results
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its first quarter 2025 earnings results and related business activities. Net Income, Funds from Operations (“FFO”), and Core FFO per diluted share for the three-month period ended March 31, 2025 are detailed below. Three Months Ended March 31, % 2025 2024 Change Per Diluted Share Net Income $3.16 $4.25 -25.6% Total FFO $3.97 $4.60 -13.7% Core FFO $3.97 $3.83 3.7% First Quarter 20.
Positive
Zacks Investment Research
1 week ago
Essex Property to Report Q1 Earnings: Here's What to Expect
Despite elevated supply, ESS' Q1 results are likely to reflect the advantages of a high-quality property portfolio, strong demand and investments in technology.
Positive
Seeking Alpha
2 weeks ago
Essex Property: Undervalued High Quality In Plain Sight
Essex Property Trust is a reliable long-term stock with strong fundamentals in high-barrier West Coast markets, benefiting from limited new housing supply and high rental demand. ESS has demonstrated driven by strong property-level metrics as growth appears to be normalizing back to pre-2020 levels. ESS offers a well-covered 3.8% dividend yield and is attractively valued at a P/FFO of 17.0, which is well below its historical average.
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