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Essex Property Trust, Inc. (ESS)

264.18 -1.04 (-0.39%)
At close: October 30 at 4:02:33 PM EDT
264.18 0.00 (0.00%)
After hours: October 30 at 4:05:20 PM EDT
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What's happening with ESS?

14m ago
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Essex Property Trust raised its 2026 outlook after third-quarter results showed strong Northern California rent growth, high occupancy, and limited concessions. The company also completed a more than $200 million East Bay acquisition, while higher future interest costs and property-tax growth remain key watchpoints. ESS was down 0.39% in the current regular session as of November 1, 2026.

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  • Previous Close 265.22
  • Open 264.67
  • Bid 263.38 x 20000
  • Ask 299.79 x 20000
  • Day's Range 262.77 - 266.62
  • 52 Week Range 238.46 - 303.35
  • Volume 907,720
  • Avg. Volume 510,621
  • Market Cap (intraday) 18.211B
  • Beta (5Y Monthly) 0.71
  • PE Ratio (TTM) 49.01
  • EPS (TTM) 5.39
  • Earnings Date Oct 27, 2026
  • Forward Dividend & Yield 10.36 (3.92%)
  • 1y Target Est 296.54
  • Morningstar Rating
    Rating available with Stock Picks access

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust. The firm acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 258 apartment communities comprising over 62,000 apartment homes with an additional property in active development. Essex Property Trust, Inc. was incorporated in 1971 in Maryland and is based in San Mateo, United States.

www.essexapartmenthomes.com

1,686

Full Time Employees

December 31

Fiscal Year Ends

Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

ESS
4.96%
S&P 500 (^GSPC)
10.73%

1-Year Return

ESS
9.94%
S&P 500 (^GSPC)
11.11%

3-Year Return

ESS
40.62%
S&P 500 (^GSPC)
81.91%

5-Year Return

ESS
6.59%
S&P 500 (^GSPC)
64.59%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 490.35M
Earnings 98.07M
Profit Margin 20.00%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
100M
200M
300M
400M
14.0%
16.0%
18.0%
20.0%
22.0%
 

Analyst Insights

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Top Analyst

JP Morgan
52/100
Latest Rating
Underweight
 

Analyst Price Targets

239.00 Low
296.54 Average
264.18 Current
330.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 10/29/2026
Analyst RBC Capital
Rating Action Maintains
Rating Outperform
Price Action Lowers
Price Target 298 -> 297
 

Statistics

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Valuation Measures

Annual
As of 10/30/2026
  • Market Cap

    17.00B

  • Enterprise Value

    23.65B

  • Trailing P/E

    49.01

  • Forward P/E

    42.20

  • PEG Ratio (current)

    64.18

  • Price/Sales (ttm)

    8.74

  • Price/Book (mrq)

    3.21

  • Enterprise Value/Revenue

    12.15

  • Enterprise Value/EBITDA

    19.19

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    17.53%

  • Return on Assets (ttm)

    3.21%

  • Return on Equity (ttm)

    6.52%

  • Revenue (ttm)

    1.98B

  • Net Income Avi to Common (ttm)

    347.29M

  • Diluted EPS (ttm)

    5.39

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    98.56M

  • Total Debt/Equity (mrq)

    121.00%

  • Levered Free Cash Flow (ttm)

    1.1B

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Company Insights

Fair Value

264.18 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

Research Reports

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  • Essex Property Trust Earnings: Strength in Northern California Drives Solid NOI Growth

    Essex Property Trust owns a portfolio of 258 apartment communities with over 62,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.

     
  • Raising target price to $302.00

    ESSEX PROPERTY TRUST INC has an Investment Rating of BUY; a target price of $302.000000; an Industry Subrating of Medium; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of High; a Growth Subrating of Medium; and a Value Subrating of High.

     
  • What does Argus have to say about ESS?

    ESSEX PROPERTY TRUST INC has an Investment Rating of BUY; a target price of $299.000000; an Industry Subrating of Medium; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of High; a Growth Subrating of Medium; and a Value Subrating of High.

     
  • Lowering target price to $299.00

    ESSEX PROPERTY TRUST INC has an Investment Rating of BUY; a target price of $299.000000; an Industry Subrating of Medium; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of High; a Growth Subrating of Medium; and a Value Subrating of High.

     

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