Essex Property Trust (ESS)
NYSE:ESS
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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 - $294.09
Previous CloseN/A
Volume89.39K
Average Volume (3M)467.53K
Market Cap
$18.70B
Enterprise Value$24.84B
Total Cash (Recent Filing)$47.41M
Total Debt (Recent Filing)$6.86B
Price to Earnings (P/E)31.4
Beta0.64
Next Earnings
Jul 23, 2026EPS Estimate
1.45Next Dividend Ex-DateN/A
Dividend Yield3.98%
Share Statistics
EPS (TTM)8.90
Shares Outstanding64,262,860
10 Day Avg. Volume483,806
30 Day Avg. Volume467,533
Financial Highlights & Ratios
PEG Ratio-2.54
Price to Book (P/B)3.04
Price to Sales (P/S)8.88
P/FCF Ratio18.06
Enterprise Value/Market Cap1.33
Enterprise Value/Revenue13.02
Enterprise Value/Gross Profit18.75
Enterprise Value/Ebitda16.95
Forecast
1Y Price Target
$287.09Price Target Upside12.60% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
EPS Forecast (FY)5.86
Revenue Forecast (FY)$1.95B
Bulls Say, Bears Say
Bulls Say
High Occupancy And LeasingSustained ~96% financial occupancy and sticky renewal pricing underpin durable rental cash flows and pricing power. High occupancy reduces turnover costs, stabilizes revenues and margins across leasing cycles, and supports long‑term FFO and dividend coverage in supply‑constrained coastal markets.
Strong Cash GenerationMaterial operating and free cash flow provide lasting internal funding for dividends, maintenance capex, development and selective acquisitions. Reliable cash conversion improves financial flexibility versus peers and supports disciplined capital allocation over the next several quarters.
Liquidity And Capital DisciplinePrudent liability management, >$1B available liquidity and recent bond repayment indicate resilience to refinancing cycles. This liquidity plus demonstrated buyback activity gives management optionality to fund development, opportunistic purchases or absorb market stress without forcing distressed asset sales.
Bears Say
Weak Free Cash Flow MomentumA large negative swing in FCF growth signals volatile cash conversion driven by higher spending, timing or working capital shifts. If this trend persists it can constrain dividend support, slow reinvestment or force higher external financing, reducing durable financial flexibility.
Regional Concentration Risk (Los Angeles)Heavy exposure to West Coast metros means localized demand softness (notably L.A.) can materially depress portfolio performance. Prolonged underperformance in key markets weakens pricing power, increases concessions and tempers revenue/margin resilience over multiple quarters.
Structured Finance Redemptions And Earnings VolatilityEarly structured redemptions and unsettled preferred/co‑investment positions add recurring timing risk to reported FFO and introduce refinancing and mark‑to‑market variability. This financing volatility can impair predictable earnings and raise capital costs during stressed market windows.
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 $294.09 in the past 12 months.
What is Essex Property Trust’s market cap?
Essex Property Trust’s market cap is $18.70B.
When is Essex Property Trust’s upcoming earnings report date?
Essex Property Trust’s upcoming earnings report date is Jul 23, 2026 which is in 36 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 1.45.
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
Outperform
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$287.09 (12.60% Upside)
$287.09 (12.60% 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 ▼ 0.9%
Last 30 Days ▲ 3.3%
Last 30 Days ▲ 3.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
2.89%
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
$287.09
▲(12.60% Upside)
Technical Analysis
Ownership Overview
0.73% Insiders
29.36% Mutual Funds
19.58% Other Institutional Investors
13.52% Public Companies and
Individual Investors