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

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

Essex Property Trust Price Performance

ESS traded up $1.93 during trading on Wednesday, hitting $296.45. 466,009 shares of the stock traded hands, compared to its average volume of 510,455. Essex Property Trust has a twelve month low of $238.46 and a twelve month high of $303.35. The company has a market cap of $19.05 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 12.53 and a beta of 0.70. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day moving average price of $286.21 and a 200 day moving average price of $265.58.

Essex Property Trust (NYSE:ESS) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 earnings per share for the quarter, topping the consensus estimate of $1.46 by $2.62. Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.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. Equities research analysts forecast that Essex Property Trust will post 16.11 earnings per share for the current fiscal year.

Essex Property Trust Announces Dividend

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

Analyst Ratings Changes

ESS has been the subject of a number of research reports. Wall Street Zen raised shares of Essex Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Scotiabank lifted their price target on shares of Essex Property Trust from $290.00 to $307.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Piper Sandler lifted their price target on shares of Essex Property Trust from $310.00 to $352.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Raymond James Financial upgraded shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $320.00 price objective for the company in a research report on Friday, June 26th. Finally, Evercore reissued an “outperform” rating and issued a $296.00 price objective on shares of Essex Property Trust in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $299.08.

Insider Activity at Essex Property Trust

In other news, Director Mary Kasaris sold 600 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $669,003.30. The trade was a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.47% of the company’s stock.

Hedge Funds Weigh In On Essex Property Trust

Large investors have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Essex Property Trust by 973.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 743,954 shares of the real estate investment trust’s stock valued at $199,127,000 after buying an additional 674,617 shares during the last quarter. Morgan Stanley grew its position 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 worth $250,714,000 after buying an additional 228,165 shares during the period. Corient Private Wealth LLC increased its stake in Essex Property Trust by 3,497.4% in 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 purchasing an additional 122,688 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in Essex Property Trust by 1,374.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 128,880 shares of the real estate investment trust’s stock worth $33,725,000 after buying an additional 120,141 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Essex Property Trust by 9.5% during 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 purchasing an additional 100,730 shares during the period. 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.