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

Essex Property Trust (NYSE:ESS) updated its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 16.030-16.250 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Truist Financial boosted their target price on Essex Property Trust from $273.00 to $286.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th. Royal Bank Of Canada lifted their price target on Essex Property Trust from $282.00 to $288.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. UBS Group set a $290.00 price target on shares of Essex Property Trust in a research note on Thursday, June 18th. Sanford C. Bernstein began coverage on shares of Essex Property Trust in a research report on Friday, June 26th. They set an “outperform” rating and a $320.00 price objective on the stock. Finally, Scotiabank raised their price objective on shares of Essex Property Trust from $290.00 to $307.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Essex Property Trust presently has an average rating of “Moderate Buy” and a consensus target price of $303.49.

Essex Property Trust Price Performance

ESS traded up $0.15 during midday trading on Friday, hitting $282.01. 31,580 shares of the company traded hands, compared to its average volume of 509,238. The business has a 50 day simple moving average of $286.80 and a two-hundred day simple moving average of $266.07. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $18.12 billion, a price-to-earnings ratio of 43.84, a PEG ratio of 12.80 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.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). The company had revenue of $484.76 million for the quarter, compared to analyst estimates of $479.89 million. Essex Property Trust had a return on equity of 7.26% and a net margin of 21.48%.During the same period in the previous year, the business posted $3.97 EPS. On average, equities analysts forecast that Essex Property Trust will post 16.11 earnings per share for the current fiscal year.

Essex Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $2.59 per share. This represents a $10.36 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Essex Property Trust’s payout ratio is presently 161.12%.

Insiders Place Their Bets

In other news, Director Mary Kasaris sold 600 shares of Essex Property Trust stock in a transaction 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 transaction, the director owned 2,394 shares in the company, valued at approximately $669,003.30. The trade was a 20.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.47% of the company’s stock.

Institutional Investors Weigh In On Essex Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its holdings in Essex Property Trust by 9.5% in the third quarter. Daiwa Securities Group Inc. now owns 1,157,617 shares of the real estate investment trust’s stock worth $309,848,000 after buying an additional 100,730 shares during the last quarter. Morgan Stanley raised its holdings in shares of Essex Property Trust by 31.3% during the 4th quarter. Morgan Stanley now owns 958,090 shares of the real estate investment trust’s stock valued at $250,714,000 after purchasing an additional 228,165 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Essex Property Trust by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 938,637 shares of the real estate investment trust’s stock valued at $245,627,000 after purchasing an additional 9,450 shares during the last quarter. Ameriprise Financial Inc. increased its position in Essex Property Trust by 3.9% during the third quarter. Ameriprise Financial Inc. now owns 882,010 shares of the real estate investment trust’s stock worth $233,668,000 after buying an additional 32,981 shares during the last quarter. Finally, Resolution Capital Ltd raised its holdings in Essex Property Trust by 3.2% during the second quarter. Resolution Capital Ltd now owns 848,629 shares of the real estate investment trust’s stock valued at $240,501,000 after buying an additional 26,661 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

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.