Essex Property (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)475.08K
Market Cap
$17.50B
Enterprise Value$23.82B
Total Cash (Recent Filing)$47.41M
Total Debt (Recent Filing)$6.86B
Price to Earnings (P/E)36.7
Beta0.71
Next Earnings
Jul 23, 2026EPS Estimate
1.46Next Dividend Ex-DateN/A
Dividend Yield3.98%
Share Statistics
EPS (TTM)8.90
Shares Outstanding64,262,860
10 Day Avg. Volume405,301
30 Day Avg. Volume475,076
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 Cap1.36
Enterprise Value/Revenue12.49
Enterprise Value/Gross Profit17.98
Enterprise Value/Ebitda16.49
Forecast
1Y Price Target
$280.25Price Target Upside9.91% Upside
Rating ConsensusHold
Number of Analyst Covering16
EPS Forecast (FY)5.73
Revenue Forecast (FY)$1.95B
Bulls Say, Bears Say
Bulls Say
Relative OutperformanceAnalyst points out ESS outperformed peer apartment REITs, signaling potential investor confidence and comparative strength in the sector.
San Francisco Rent RecoveryAnalyst expects San Francisco to be the strongest market as recovering office leasing and technology job growth support accelerating rents, which could boost regional revenue.
West Coast Geographic AdvantageAnalyst notes Essex benefits from a focused West Coast footprint with high barriers to entry and modest new supply, supporting occupancy and rent stability in key Northern California submarkets.
Bears Say
FFO Growth PressureAnalyst highlights that funds from operations growth has moderated due to weakness in Los Angeles and preferred redemptions, creating headwinds for cash flow measures.
Los Angeles Market SoftnessAnalyst observes the Los Angeles recovery is taking longer than expected, with weakness in Hollywood reducing local demand and weighing on leasing momentum.
Regulatory Risk In CaliforniaAnalyst warns proposed California policies such as a wealth tax and statewide rent control introduce regulatory risk that could reduce investment appeal and compress returns.
Essex Property News
ESS FAQ
What was Essex Property’s price range in the past 12 months?
Essex Property lowest stock price was $238.46 and its highest was $294.09 in the past 12 months.
What is Essex Property’s market cap?
Essex Property’s market cap is $17.50B.
When is Essex Property’s upcoming earnings report date?
Essex Property’s upcoming earnings report date is Jul 23, 2026 which is in 79 days.
How were Essex Property’s earnings last quarter?
Essex Property 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 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 1.46.
How many shares outstanding does Essex Property have?
Essex Property has 64,262,860 shares outstanding.
What happened to Essex Property’s price movement after its last earnings report?
Essex Property 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?
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
Hold
Average Price Target:
$280.25 (9.91% Upside)
$280.25 (9.91% Upside)
Blogger Sentiment
Bullish
ESS Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 524.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 0.8%
Last 30 Days ▼ 0.6%
Last 30 Days ▼ 0.6%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-3.66%
12-Months-Change
Fundamentals
Return on Equity
10.35%
Trailing 12-Months
Asset Growth
-0.69%
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
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
$280.25
▲(9.91% Upside)
Technical Analysis
Ownership Overview
0.73% Insiders
30.36% Mutual Funds
2.99% Other Institutional Investors
30.49% Public Companies and
Individual Investors