Essex Property Trust, Inc. (ESS) To Go Ex-Dividend on June 30th

Essex Property Trust, Inc. (NYSE:ESS) declared a quarterly dividend on Thursday, May 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 2.59 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Essex Property Trust has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 31 years. Essex Property Trust has a dividend payout ratio of 171.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Essex Property Trust to earn $16.64 per share next year, which means the company should continue to be able to cover its $10.36 annual dividend with an expected future payout ratio of 62.3%.

Essex Property Trust Trading Down 0.6%

Shares of ESS opened at $266.89 on Friday. The stock has a fifty day moving average of $253.64 and a two-hundred day moving average of $255.40. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $17.15 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 11.63 and a beta of 0.71. Essex Property Trust has a fifty-two week low of $238.46 and a fifty-two week high of $294.09.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($2.31). The business had revenue of $484.76 million during the quarter, compared to analyst estimates of $479.89 million. Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. During the same quarter last year, the firm posted $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, analysts forecast that Essex Property Trust will post 16.04 EPS for the current year.

Institutional Trading of Essex Property Trust

Several institutional investors have recently made changes to their positions in ESS. Nemes Rush Group LLC purchased a new stake in Essex Property Trust during the 4th quarter worth $27,000. Generali Asset Management SPA SGR purchased a new stake in Essex Property Trust during the 4th quarter worth $29,000. Hantz Financial Services Inc. boosted its position in Essex Property Trust by 57.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 42 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in Essex Property Trust during the 1st quarter worth $38,000. Finally, True Wealth Design LLC boosted its position in Essex Property Trust by 120.0% during the 4th quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 96 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

About Essex Property Trust

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.