Essex Property Trust (NYSE:ESS) Updates FY 2026 Earnings Guidance

Essex Property Trust (NYSE:ESS) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 16.030-16.250 for the period, compared to the consensus estimate of 16.110. The company issued revenue guidance of -. Essex Property Trust also updated its Q3 2026 guidance to 3.930-4.050 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ESS shares. Royal Bank Of Canada increased their price target on Essex Property Trust from $282.00 to $288.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Stifel Nicolaus increased their target price on Essex Property Trust from $278.00 to $281.50 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Jefferies Financial Group raised Essex Property Trust to a “strong-buy” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company boosted their price target on Essex Property Trust from $280.00 to $297.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen upgraded Essex Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $299.08.

Essex Property Trust Price Performance

Shares of ESS traded up $1.93 during mid-day trading on Wednesday, hitting $296.45. 500,288 shares of the stock were exchanged, compared to its average volume of 510,717. 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 cap of $19.05 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 12.53 and a beta of 0.70. Essex Property Trust has a 52-week low of $238.46 and a 52-week high of $303.35. The firm has a 50-day moving average of $286.21 and a two-hundred day moving average of $265.58.

Essex Property Trust (NYSE:ESS) last announced 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 the consensus estimate of $479.89 million. Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.During the same quarter in the prior year, the firm posted $3.97 EPS. On average, equities analysts predict that Essex Property Trust will post 16.11 earnings per share for the current year.

Essex Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $2.59 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $10.36 dividend on an annualized basis and a dividend yield of 3.5%. Essex Property Trust’s payout ratio is 116.40%.

Insider Activity at Essex Property Trust

In other Essex Property Trust news, Director Mary Kasaris sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total transaction of $167,670.00. Following the sale, the director directly owned 2,394 shares of the company’s stock, valued at $669,003.30. The trade was a 20.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.47% of the company’s stock.

Hedge Funds Weigh In On Essex Property Trust

Several large investors have recently modified their holdings of ESS. Invesco Ltd. raised its holdings in Essex Property Trust by 6.1% during the 4th quarter. Invesco Ltd. now owns 835,007 shares of the real estate investment trust’s stock valued at $218,505,000 after buying an additional 48,233 shares during the period. Corient Private Wealth LLC increased its position in Essex Property Trust by 3,497.4% during the fourth quarter. Corient Private Wealth LLC now owns 126,196 shares of the real estate investment trust’s stock valued at $33,023,000 after acquiring an additional 122,688 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Essex Property Trust by 5.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,633 shares of the real estate investment trust’s stock valued at $3,829,000 after acquiring an additional 743 shares during the period. State of Tennessee Department of Treasury lifted its holdings in shares of Essex Property Trust by 24.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 202,446 shares of the real estate investment trust’s stock worth $50,990,000 after acquiring an additional 39,681 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Essex Property Trust in the 4th quarter worth about $338,000. Institutional investors own 96.51% of the company’s stock.

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.