Essex Property Trust, Inc. (NYSE:ESS) to Issue $2.59 Quarterly Dividend

Essex Property Trust, Inc. (NYSE:ESS) announced a quarterly dividend on Thursday, September 3rd. Shareholders of record on Wednesday, September 30th will be paid a dividend of 2.59 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, September 30th.

Essex Property Trust has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 31 years. Essex Property Trust has a dividend payout ratio of 171.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Essex Property Trust to earn $16.68 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 62.1%.

Essex Property Trust Stock Up 0.4%

Shares of ESS opened at $278.29 on Friday. The business has a fifty day moving average of $289.72 and a 200 day moving average of $271.66. The company has a market cap of $17.89 billion, a PE ratio of 43.28, a P/E/G ratio of 10.14 and a beta of 0.69. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.22. 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 issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.08 EPS for the quarter, beating the consensus estimate of $1.46 by $2.62. Essex Property Trust had a net margin of 21.48% and a return on equity of 7.33%. The company had revenue of $489.05 million for the quarter, compared to the consensus estimate of $485.12 million. During the same period in the prior year, the firm posted $4.03 EPS. 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. On average, sell-side analysts expect that Essex Property Trust will post 16.18 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Dorsey & Whitney Trust CO LLC lifted its stake in Essex Property Trust by 5.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 814 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 40 shares in the last quarter. Norinchukin Bank The lifted its holdings in shares of Essex Property Trust by 0.6% in the 3rd 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 during the last quarter. Kestra Private Wealth Services LLC raised its position in Essex Property Trust by 1.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 3,047 shares of the real estate investment trust’s stock valued at $737,000 after purchasing an additional 50 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Essex Property Trust by 31.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 265 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 63 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in shares of Essex Property Trust by 3.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 2,034 shares of the real estate investment trust’s stock worth $532,000 after acquiring an additional 72 shares during the period. Institutional investors and hedge funds 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.