Essex Property (ESS)
NYSE:ESS
ESS Stock Chart & Stats
$243.50
$0.33(0.12%)
At close: 4:00 PM EST
$243.50
$0.33(0.12%)
Day’s Range― - ―
52-Week Range$239.96 - $310.10
Previous CloseN/A
Volume89.39K
Average Volume (3M)494.56K
Market Cap
$16.23B
Enterprise Value$22.52B
Total Cash (Recent Filing)$183.66M
Total Debt (Recent Filing)$6.90B
Price to Earnings (P/E)25.1
Beta0.74
Next Earnings
Apr 28, 2026EPS Estimate
1.42Next Dividend Ex-DateN/A
Dividend Yield3.98%
Share Statistics
EPS (TTM)1.25
Shares Outstanding64,475,510
10 Day Avg. Volume555,459
30 Day Avg. Volume494,558
Financial Highlights & Ratios
PEG Ratio-2.54
Price to Book (P/B)3.04
Price to Sales (P/S)8.88
P/FCF Ratio15.70
Enterprise Value/Market Cap1.39
Enterprise Value/Revenue11.85
Enterprise Value/Gross Profit17.22
Enterprise Value/Ebitda15.58
Forecast
1Y Price Target
$278.21Price Target Upside14.25% Upside
Rating ConsensusHold
Number of Analyst Covering15
EPS Forecast (FY)5.76
Revenue Forecast (FY)$1.95B
Bulls Say, Bears Say
Bulls Say
Relative Outperformance Vs PeersAnalyst points out the company outperformed peer apartment REITs, signaling stronger operational execution and potential investor confidence compared with regional rivals.
San Francisco Rent AccelerationAnalyst expects San Francisco to be the strongest market as recovering office leasing and technology job growth support accelerating apartment rents, which could boost revenue and leasing momentum.
West Coast-focused Portfolio AdvantageAnalyst notes the company's focused West Coast footprint benefits from high barriers to entry and favorable demand in Northern California, positioning fundamentals for steadier rent growth and occupancy.
Bears Say
California Policy And Regulatory RiskAnalyst warns proposed California measures such as a wealth tax and statewide rent control introduce regulatory risks that could reduce investment appeal and compress returns in the state.
FFO Growth HeadwindsAnalyst highlights that funds from operations growth has moderated due to Los Angeles market weakness and preferred share redemptions, creating pressure on cash flow growth and distributable income.
Los Angeles Market SoftnessAnalyst observes the Los Angeles recovery is progressing slowly, with weakness in Hollywood and softer local economic activity reducing demand and dampening leasing prospects.
Essex Property News
ESS FAQ
What was Essex Property’s price range in the past 12 months?
Essex Property lowest stock price was $239.96 and its highest was $310.10 in the past 12 months.
What is Essex Property’s market cap?
Essex Property’s market cap is $16.23B.
When is Essex Property’s upcoming earnings report date?
Essex Property’s upcoming earnings report date is Apr 28, 2026 which is in 34 days.
How were Essex Property’s earnings last quarter?
Essex Property released its earnings results on Feb 04, 2026. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.454 by -$0.204.
Is Essex Property overvalued?
According to Wall Street analysts Essex Property’s price is currently Undervalued.
Does Essex Property pay dividends?
Essex Property pays a Quarterly dividend of $2.57 which represents an annual dividend yield of 3.98%. See more information on Essex Property dividends here
What is Essex Property’s EPS estimate?
Essex Property’s EPS estimate is 1.42.
How many shares outstanding does Essex Property have?
Essex Property has 64,475,510 shares outstanding.
What happened to Essex Property’s price movement after its last earnings report?
Essex Property reported an EPS of $1.25 in its last earnings report, missing expectations of $1.454. Following the earnings report the stock price went down -0.428%.
Which hedge fund is a major shareholder of Essex Property?
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
Hold
Average Price Target:
$278.21 (14.25% Upside)
$278.21 (14.25% Upside)
Blogger Sentiment
Bullish
ESS Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 524.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 2.9%
Last 30 Days ▲ 9.1%
Last 30 Days ▲ 9.1%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-17.21%
12-Months-Change
Fundamentals
Return on Equity
12.02%
Trailing 12-Months
Asset Growth
1.79%
Trailing 12-Months
Company Description
Essex Property
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 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.
ESS Company Deck
ESS Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call communicated solid operational execution in 2025 with notable outperformance in same-property revenue, high occupancy (96.3%), strong Northern California recovery, robust transaction activity (+43% YoY) and a healthy balance sheet with >$1.7B liquidity. Headwinds include a conservative 2026 FFO outlook (flat) driven by structured finance redemptions (1.8% drag), localized softness (Seattle, some Southern CA submarkets), a negative Q4 new-lease reading (-2.4%), and a pause in development starts due to current land and cost economics. On balance, the positive operating results, favorable supply outlook (supply -20% YoY), NAV appreciation from prior Northern California acquisitions, and strong liquidity and capital allocation discipline materially outweigh the near-term and localized challenges.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
$278.21
▲(14.25% Upside)
Technical Analysis
Ownership Overview
0.72% Insiders
30.41% Mutual Funds
21.36% Other Institutional Investors
12.90% Public Companies and
Individual Investors