Essex Property Trust (NYSE:ESS) Issues Q1 2026 Earnings Guidance

Essex Property Trust (NYSE:ESS) updated its first quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.890-4.010 for the period, compared to the consensus earnings per share estimate of 2.480. The company issued revenue guidance of -. Essex Property Trust also updated its FY 2026 guidance to 15.690-16.190 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ESS shares. Evercore ISI reduced their price objective on shares of Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating for the company in a report on Monday, November 3rd. Truist Financial reduced their price target on shares of Essex Property Trust from $283.00 to $273.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Scotiabank lowered their price objective on shares of Essex Property Trust from $294.00 to $284.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Essex Property Trust in a report on Thursday, January 22nd. Finally, Barclays reaffirmed a “positive” rating and set a $292.00 price target on shares of Essex Property Trust in a research note on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, Essex Property Trust presently has a consensus rating of “Hold” and an average target price of $285.70.

Essex Property Trust Price Performance

ESS stock traded up $5.42 on Wednesday, hitting $253.01. 779,957 shares of the company’s stock traded hands, compared to its average volume of 600,577. The stock has a market cap of $16.29 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 5.92 and a beta of 0.74. Essex Property Trust has a 1-year low of $243.25 and a 1-year high of $316.29. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.15. The stock has a fifty day moving average of $256.50 and a 200-day moving average of $260.83.

Essex Property Trust (NYSE:ESS) last posted its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.00 by ($0.02). Essex Property Trust had a return on equity of 14.68% and a net margin of 45.46%.The business had revenue of $479.63 million during the quarter, compared to analyst estimates of $474.66 million. During the same quarter last year, the firm posted $3.92 EPS. 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 forecast that Essex Property Trust will post 15.96 EPS for the current fiscal year.

Essex Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were issued a dividend of $2.57 per share. This represents a $10.28 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, January 2nd. Essex Property Trust’s dividend payout ratio is currently 78.12%.

Institutional Trading of Essex Property Trust

A number of hedge funds have recently bought and sold shares of ESS. CIBC Bancorp USA Inc. acquired a new position in shares of Essex Property Trust in the third quarter worth about $6,909,000. Coldstream Capital Management Inc. lifted its position in shares of Essex Property Trust by 51.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,499 shares of the real estate investment trust’s stock valued at $401,000 after acquiring an additional 507 shares in the last quarter. Danske Bank A S acquired a new position in Essex Property Trust in the 3rd quarter worth approximately $11,136,000. Advisory Services Network LLC acquired a new position in Essex Property Trust in the 3rd quarter worth approximately $51,000. Finally, Camelot Portfolios LLC boosted its stake in Essex Property Trust by 5.5% in the 3rd quarter. Camelot Portfolios LLC now owns 5,108 shares of the real estate investment trust’s stock worth $1,367,000 after purchasing an additional 268 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.