Essex Property Trust (NYSE:ESS) Releases Q3 2026 Earnings Guidance

Essex Property Trust (NYSE:ESS) updated its third quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.930-4.050 for the period, compared to the consensus estimate of 3.980. The company issued revenue guidance of -. Essex Property Trust also updated its FY 2026 guidance to 16.030-16.250 EPS.

Essex Property Trust Price Performance

Shares of NYSE ESS traded up $0.15 during trading on Friday, hitting $282.01. The company had a trading volume of 31,580 shares, compared to its average volume of 509,238. Essex Property Trust has a 52 week low of $238.46 and a 52 week high of $303.35. The business’s 50-day moving average is $286.80 and its 200 day moving average is $266.07. The company has a market cap of $18.12 billion, a P/E ratio of 43.84, a PEG ratio of 12.80 and a beta of 0.70. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.98 and a current ratio of 0.98.

Essex Property Trust (NYSE:ESS) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). The company had revenue of $484.76 million during 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 quarter in the previous year, the firm earned $3.97 earnings per share. Equities research analysts predict that Essex Property Trust will post 16.11 earnings per share for the current fiscal year.

Essex Property Trust Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 3.7%. Essex Property Trust’s dividend payout ratio (DPR) is currently 161.12%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ESS. Citigroup upgraded Essex Property Trust from a “buy” rating to an “outperform” rating in a report on Friday. Weiss Ratings raised shares of Essex Property Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Citizens Jmp upgraded shares of Essex Property Trust from a “market perform” rating to an “outperform” rating and set a $330.00 price target on the stock in a report on Friday. Jefferies Financial Group upgraded shares of Essex Property Trust to a “strong-buy” rating in a research report on Wednesday, July 22nd. Finally, Stifel Nicolaus set a $292.75 target price on Essex Property Trust in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $303.49.

Insider Buying and Selling at Essex Property Trust

In other news, Director Mary Kasaris sold 600 shares of the company’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 completion of the sale, the director owned 2,394 shares in the company, valued at approximately $669,003.30. This represents a 20.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.47% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Essex Property Trust

A number of large investors have recently added to or reduced their stakes in ESS. Dorsey & Whitney Trust CO LLC increased its position in Essex Property Trust by 5.2% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 814 shares of the real estate investment trust’s stock valued at $213,000 after acquiring an additional 40 shares in the last quarter. Norinchukin Bank The increased its holdings in shares of Essex Property Trust by 0.6% in the third quarter. Norinchukin Bank The now owns 6,957 shares of the real estate investment trust’s stock valued at $1,862,000 after purchasing an additional 44 shares in the last quarter. Evergreen Capital Management LLC raised its position in Essex Property Trust by 10.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 795 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 73 shares during the last quarter. Snowden Capital Advisors LLC lifted its holdings in Essex Property Trust by 11.7% during the 2nd quarter. Snowden Capital Advisors LLC now owns 771 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 81 shares in the last quarter. Finally, AXA S.A. increased its stake in shares of Essex Property Trust by 0.9% in the 2nd quarter. AXA S.A. now owns 9,721 shares of the real estate investment trust’s stock valued at $2,755,000 after buying an additional 85 shares during the period. Institutional investors own 96.51% of the company’s stock.

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.