Essex Property Trust (NYSE:ESS - Get Free Report) announced its earnings results on Tuesday. The real estate investment trust reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($2.31), Zacks reports. Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. The company had revenue of $484.76 million for the quarter, compared to the consensus estimate of $479.89 million. During the same period last year, the business posted $3.97 EPS. Essex Property Trust updated its Q2 2026 guidance to 3.920-4.040 EPS.
Essex Property Trust Stock Up 0.1%
Shares of ESS opened at $263.47 on Friday. The stock's 50-day moving average price is $251.76 and its 200-day moving average price is $254.99. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 8.25 and a beta of 0.71. The company has a quick ratio of 1.03, a current ratio of 0.98 and a debt-to-equity ratio of 1.22. Essex Property Trust has a 52 week low of $238.46 and a 52 week high of $294.09.
Essex Property Trust Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $2.59 dividend. The ex-dividend date was Tuesday, March 31st. This is a positive change from Essex Property Trust's previous quarterly dividend of $2.57. This represents a $10.36 dividend on an annualized basis and a dividend yield of 3.9%. Essex Property Trust's dividend payout ratio (DPR) is currently 116.40%.
Institutional Trading of Essex Property Trust
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in shares of Essex Property Trust during the 3rd quarter valued at about $51,000. MUFG Securities EMEA plc acquired a new stake in shares of Essex Property Trust in the second quarter worth approximately $54,000. EverSource Wealth Advisors LLC grew its holdings in Essex Property Trust by 70.1% in the second quarter. EverSource Wealth Advisors LLC now owns 279 shares of the real estate investment trust's stock valued at $79,000 after purchasing an additional 115 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Essex Property Trust by 60.5% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 345 shares of the real estate investment trust's stock valued at $92,000 after purchasing an additional 130 shares during the period. Finally, Summit Securities Group LLC increased its position in Essex Property Trust by 312.4% during the fourth quarter. Summit Securities Group LLC now owns 466 shares of the real estate investment trust's stock worth $122,000 after purchasing an additional 353 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on ESS. UBS Group raised their price objective on Essex Property Trust from $267.00 to $274.00 and gave the company a "neutral" rating in a research report on Thursday, January 8th. Weiss Ratings reissued a "hold (c+)" rating on shares of Essex Property Trust in a research report on Thursday, January 22nd. Raymond James Financial reaffirmed a "market perform" rating on shares of Essex Property Trust in a research report on Friday, February 27th. Royal Bank Of Canada boosted their price objective on shares of Essex Property Trust from $282.00 to $288.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Stifel Nicolaus lifted their target price on Essex Property Trust from $278.00 to $281.50 and gave the stock a "hold" rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, Essex Property Trust has an average rating of "Hold" and an average price target of $280.72.
Check Out Our Latest Stock Report on ESS
Essex Property Trust Company Profile
(
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Essex Property Trust, Inc NYSE: ESS is a publicly traded real estate investment trust that acquires, develops, owns and operates multifamily residential properties. The company focuses on market-rate apartment communities and delivers a full suite of property services including leasing, resident services, asset management, and capital improvement programs designed to preserve and enhance long‑term property values.
Essex concentrates its portfolio in West Coast markets, with a significant presence in California and the Pacific Northwest.
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