Essex Property Trust, Inc. Plans Quarterly Dividend of $2.59 (NYSE:ESS)

Essex Property Trust, Inc. (NYSE:ESS) announced a quarterly dividend on Thursday, September 3rd. Investors of record on Wednesday, September 30th will be given a dividend of 2.59 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, September 30th.

Essex Property Trust has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 31 consecutive 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 $16.68 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 62.1%.

Essex Property Trust Trading Up 0.4%

NYSE ESS opened at $278.29 on Friday. The firm has a market capitalization of $17.89 billion, a price-to-earnings ratio of 43.28, a PEG ratio of 10.14 and a beta of 0.69. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.60 and a current ratio of 0.60. Essex Property Trust has a one year low of $238.46 and a one year high of $303.35. The company’s 50 day moving average price is $289.72 and its 200 day moving average price is $271.66.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $2.62. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. The company had revenue of $489.05 million during the quarter, compared to the consensus estimate of $485.12 million. During the same period in the previous year, the firm earned $4.03 earnings per share. Essex Property Trust has set its Q3 2026 guidance at 3.930-4.050 EPS and its FY 2026 guidance at 16.030-16.250 EPS. On average, sell-side analysts predict that Essex Property Trust will post 16.18 EPS for the current year.

Wall Street Analyst Weigh In

ESS has been the subject of a number of research reports. Scotiabank upped their price target on shares of Essex Property Trust from $290.00 to $307.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Mizuho raised their price objective on Essex Property Trust from $285.00 to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Stifel Nicolaus set a $292.75 price objective on Essex Property Trust in a research note on Thursday, July 30th. Raymond James Financial raised Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 target price for the company in a research report on Friday, June 26th. Finally, Weiss Ratings upgraded Essex Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Essex Property Trust has an average rating of “Moderate Buy” and a consensus target price of $304.79.

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.