Essex Property Trust, Inc. (ESS) To Go Ex-Dividend on March 31st

Essex Property Trust, Inc. (NYSE:ESS) announced a quarterly dividend on Thursday, February 19th. Shareholders of record on Tuesday, March 31st will be given a dividend of 2.59 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 0.8% increase from Essex Property Trust’s previous quarterly dividend of $2.57.

Essex Property Trust has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 31 consecutive years. Essex Property Trust has a dividend payout ratio of 170.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Essex Property Trust to earn $16.58 per share next year, which means the company should continue to be able to cover its $10.28 annual dividend with an expected future payout ratio of 62.0%.

Essex Property Trust Stock Performance

Shares of ESS opened at $254.92 on Friday. The business has a 50-day simple moving average of $255.68 and a two-hundred day simple moving average of $258.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.19. Essex Property Trust has a 52 week low of $243.25 and a 52 week high of $316.29. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 8.00 and a beta of 0.74.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $3.98 earnings per share for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.02). The company had revenue of $479.63 million for the quarter, compared to analysts’ expectations of $474.66 million. Essex Property Trust had a net margin of 35.48% and a return on equity of 11.61%. During the same period in the previous year, the firm earned $3.92 earnings per share. Essex Property Trust has set its FY 2026 guidance at 15.690-16.190 EPS and its Q1 2026 guidance at 3.890-4.010 EPS. On average, analysts expect that Essex Property Trust will post 15.96 EPS for the current year.

Essex Property Trust Company Profile

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.