Essex Property Trust, Inc. (ESS) To Go Ex-Dividend on June 30th

Essex Property Trust, Inc. (NYSE:ESS) declared a quarterly dividend on Thursday, May 14th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 2.59 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 30th.

Essex Property Trust has increased 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 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 $16.66 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 62.2%.

Essex Property Trust Price Performance

Shares of NYSE ESS opened at $295.38 on Friday. 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 $18.98 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 12.75 and a beta of 0.72. Essex Property Trust has a twelve month low of $238.46 and a twelve month high of $295.85. The business has a 50 day simple moving average of $272.25 and a 200-day simple moving average of $259.96.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($2.31). The firm had revenue of $484.76 million for the quarter, compared to the consensus estimate of $479.89 million. Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.During the same quarter last year, the business earned $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. As a group, equities research analysts expect that Essex Property Trust will post 16.12 earnings per share for the current year.

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.