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ESS Stock Chart & Stats
$254.97
$0.33(0.12%)
At close: 4:00 PM EST
$254.97
$0.33(0.12%)
Day’s Range― - ―
52-Week Range$238.46 - $303.35
Previous CloseN/A
Volume89.39K
Average Volume (3M)464.41K
Market Cap
$19.37B
Enterprise Value$24.44B
Total Cash (Recent Filing)$47.41M
Total Debt (Recent Filing)$6.86B
Price to Earnings (P/E)32.7
Beta0.59
Next Earnings
Jul 29, 2026EPS Estimate
1.43Next Dividend Ex-DateN/A
Dividend Yield3.98%
Share Statistics
EPS (TTM)8.90
Shares Outstanding64,262,860
10 Day Avg. Volume430,271
30 Day Avg. Volume464,412
Financial Highlights & Ratios
PEG Ratio-2.55
Price to Book (P/B)3.04
Price to Sales (P/S)8.88
P/FCF Ratio18.06
Enterprise Value/Market Cap1.26
Enterprise Value/Revenue12.81
Enterprise Value/Gross Profit18.45
Enterprise Value/Ebitda16.68
Forecast
1Y Price Target
$291.03Price Target Upside14.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
EPS Forecast (FY)5.89
Revenue Forecast (FY)$1.95B
Bulls Say, Bears Say
Bulls Say
High Occupancy & Rent MomentumSustained 96%+ occupancy and monthly blended rent growth above 3% indicate durable operating leverage: recurring cash flows, strong renewal pricing power, and the ability to lift FFO via re‑pricing on lease roll. These dynamics support stable revenue and margin trends over coming quarters.
Strong Cash GenerationConsistent operating cash flow near $1.1B and nearly $1B of free cash flow provide durable funding for dividends, debt servicing, and selective growth. High absolute cash generation increases optionality for buybacks, development funding, and liquidity management across 2–6 month horizons.
Disciplined Capital DeploymentAggressive, timely investments (~$1.7B) into core markets while cap rates compressed demonstrate executional advantage and value capture. This track record of accretive buying and development suggests a structural ability to add NOI and recycle capital into higher returning assets over the medium term.
Bears Say
Earnings & Margin SofteningA meaningful step down in net income and compressing margins signal reduced earnings power versus prior years. Persisting margin pressure would limit retained earnings available for reinvestment and make FFO more sensitive to cost inflation or localized revenue pressure over the next several quarters.
Volatile Free Cash Flow GrowthA sharp negative swing in FCF growth undermines capital flexibility: it can constrain debt reduction, capex funding, and buybacks if persistent. Volatility in cash conversion also raises refinancing and liquidity risk when paired with meaningful leverage, reducing resilience to market stress.
Market Concentration / Regional WeaknessHeavy West‑Coast concentration leaves returns tied to a few metros. Slower LA recovery and pockets of weakness (e.g., Seattle softness) reduce geographic diversification, increasing exposure to localized supply, demand cycles, and policy shifts that can pressure rents and occupancy in coming quarters.
Essex Property News
ESS FAQ
What was Essex Property Trust’s price range in the past 12 months?
Essex Property Trust lowest stock price was $238.46 and its highest was $303.35 in the past 12 months.
What is Essex Property Trust’s market cap?
Essex Property Trust’s market cap is $19.37B.
When is Essex Property Trust’s upcoming earnings report date?
Essex Property Trust’s upcoming earnings report date is Jul 29, 2026 which is in 19 days.
How were Essex Property Trust’s earnings last quarter?
Essex Property Trust released its earnings results on Apr 28, 2026. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.422 by $0.228.
Is Essex Property Trust overvalued?
According to Wall Street analysts Essex Property Trust’s price is currently Undervalued.
Does Essex Property Trust pay dividends?
Essex Property Trust pays a Quarterly dividend of $2.59 which represents an annual dividend yield of 3.98%. See more information on Essex Property Trust dividends here
What is Essex Property Trust’s EPS estimate?
Essex Property Trust’s EPS estimate is 1.43.
How many shares outstanding does Essex Property Trust have?
Essex Property Trust has 64,262,860 shares outstanding.
What happened to Essex Property Trust’s price movement after its last earnings report?
Essex Property Trust reported an EPS of $1.65 in its last earnings report, beating expectations of $1.422. Following the earnings report the stock price went down -1.105%.
Which hedge fund is a major shareholder of Essex Property Trust?
Currently, no hedge funds are holding shares in ESS
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Essex Property Stock Smart Score
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$291.03 (14.14% Upside)
$291.03 (14.14% Upside)
Blogger Sentiment
Bullish
ESS Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 258.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $167.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 0.1%
Last 30 Days ▲ 2.9%
Last 30 Days ▲ 2.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.02%
12-Months-Change
Fundamentals
Return on Equity
10.35%
Trailing 12-Months
Asset Growth
-0.69%
Trailing 12-Months
Company Description
Essex Property Trust
Essex Property Trust, Inc., a prominent S&P 500 constituent, operates as a vertically integrated real estate investment trust (REIT). The company focuses on the purchase, construction, renovation, and ongoing management of residential apartment complexes across select West Coast regions. Currently, Essex maintains ownership interests in 246 apartment communities, offering a total of roughly 60,000 homes, with an additional six properties actively advancing through various stages of development.
ESS Company Deck
ESS Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a largely positive operational and financial picture: core FFO beat guidance, same-property revenues and blended rent growth trended ahead of plan, Northern California delivered strong outperformance, occupancy remains high (96.4% in April), and management executed accretive share repurchases while preserving a strong balance sheet (net debt/EBITDA 5.5x, >$1B liquidity). Challenges include slower performance in Los Angeles and Seattle, modestly higher concessions, timing-related expense reversals expected in the back half, and some earnings volatility and near-term headwinds from early structured finance redemptions and preferred investment uncertainties. Management reaffirmed guidance and emphasized selective, opportunistic capital allocation. On balance, the positive operational results, balance sheet strength, capital deployment, and reaffirmed guidance outweigh the manageable regional and timing-related headwinds, supporting a constructive outlook.View all ESS earnings summariesESS Revenue Breakdown
99.50% Rental income
0.50% Management and other fees from affiliates
ESS Stock 12 Month Forecast
Average Price Target
$291.03
▲(14.14% Upside)
Technical Analysis
Ownership Overview
0.73% Insiders
30.78% Mutual Funds
0.07% Other Institutional Investors
32.55% Public Companies and
Individual Investors