Essex Property TrustESS
ESS
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
8%
upside
Avg. target
$306
10%
upside
High target
$315
13%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
Barclays Richard Hightower 52% 1-year accuracy 12 / 23 met price target | 9%upside $303 | Equal-Weight Maintained | 11 Apr 2025 |
Truist Securities Michael Lewis 43% 1-year accuracy 13 / 30 met price target | 9%upside $304 | Hold Maintained | 10 Mar 2025 |
Evercore ISI Group Steve Sakwa 38% 1-year accuracy 17 / 45 met price target | 8%upside $302 | In-Line Maintained | 10 Feb 2025 |
RBC Capital Brad Heffern 47% 1-year accuracy 17 / 36 met price target | 13%upside $315 | Outperform Maintained | 6 Feb 2025 |
Financial journalist opinion
Based on 18 articles about ESS published over the past 30 days
Neutral
Seeking Alpha
7 hours 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
8 hours 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
13 hours 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
1 day 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
1 day 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
1 day 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 day 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
1 week 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.
Negative
Seeking Alpha
1 week ago
Powell On The Hot Seat
US equity markets steadied this past week while bond markets rallied as investors parsed a surprisingly solid slate of economic data and a decent start to corporate earnings season. Early week gains were pared following comments from Fed Chair Powell regarding the inflationary impact of tariffs and the reluctance of the Fed to step in to support markets. The hawkish comments sparked a series of blistering critiques by President Trump, accusing the Fed Chair of "playing politics" and posting that his "termination cannot come fast enough."
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