Want to see ESS full AI Analyst Report?
ESS Stock Chart & Stats
$254.97
$0.33(0.12%)
At close: 4:00 PM EST
$254.97
$0.33(0.12%)
Day’s Range― - ―
52-Week Range$238.46 - $303.35
Previous CloseN/A
Volume89.39K
Average Volume (3M)454.03K
Market Cap
$19.46B
Enterprise Value$22.60K
Total Cash (Recent Filing)$47.41M
Total Debt (Recent Filing)$6.86B
Price to Earnings (P/E)32.9
Beta0.58
Next Earnings
Jul 29, 2026EPS Estimate
1.46Next Dividend Ex-DateN/A
Dividend Yield3.52%
Share Statistics
EPS (TTM)8.90
Shares Outstanding64,262,860
10 Day Avg. Volume506,491
30 Day Avg. Volume454,030
Financial Highlights & Ratios
PEG Ratio-2.55
Price to Book (P/B)3.04
Price to Sales (P/S)8.88
P/FCF Ratio18.06
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$292.15Price Target Upside14.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
EPS Forecast (FY)5.92
Revenue Forecast (FY)$1.95B
Bulls Say, Bears Say
Bulls Say
High Occupancy And Recurring Rental Cash FlowSustained high occupancy (96.4%) and sticky renewals (~5% renewal pricing) underpin durable recurring rental cash flows and pricing power. That occupancy level supports stable NOI, rent-reset opportunities on lease churn, and predictable FFO generation over the next several quarters.
Strong Revenue Growth And Bay Area OutperformanceAbove-trend TTM revenue growth (36.6%) and outsized Northern California rent gains reflect durable demand and constrained supply in core markets. Bay Area strength helps offset softer metros and supports long-term asset-level upside and value creation from prior ~ $1.7B investments.
Solid Liquidity And Disciplined Balance-sheet MovesActive liability management (bond paydown) and maintained >$1B liquidity provide capital flexibility for development, opportunistic acquisitions, or dividend stability. Combined with selective buybacks, this signals management discipline and preserves funding optionality through cycles.
Bears Say
Meaningful Leverage And Refinancing SensitivityMaterial leverage (≈1.2x debt/equity and net debt/EBITDA ~5.5x) raises sensitivity to rate moves and cash-flow swings. In a tougher leasing or cost environment, higher leverage can constrain capital allocation, increase refinancing risk on maturities, and pressure payout flexibility over the medium term.
Volatile And Collapsing Free Cash-flow MomentumWhile absolute FCF remains sizable, a steep TTM decline (-115.7%) signals volatile cash conversion from operations or elevated investment/timing. Persistent weakness would reduce capacity for development, buybacks, or dividend support and increase reliance on external financing.
Regional Concentration With LA And Seattle SoftnessConcentration on West Coast markets amplifies exposure to localized downturns. Ongoing LA underperformance and Seattle softness mean uneven portfolio returns, higher concessions, and slower rent recovery in parts of the footprint, reducing earnings diversification over coming quarters.
Essex Property News
ESS FAQ
What was Essex Property Trust’s price range in the past 12 months?
Essex Property Trust lowest stock price was $238.46 and its highest was $303.35 in the past 12 months.
What is Essex Property Trust’s market cap?
Essex Property Trust’s market cap is $19.46B.
When is Essex Property Trust’s upcoming earnings report date?
Essex Property Trust’s upcoming earnings report date is Jul 29, 2026 which is in 9 days.
How were Essex Property Trust’s earnings last quarter?
Essex Property Trust released its earnings results on Apr 28, 2026. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.422 by $0.228.
Is Essex Property Trust overvalued?
According to Wall Street analysts Essex Property Trust’s price is currently Undervalued.
Does Essex Property Trust pay dividends?
Essex Property Trust pays a Quarterly dividend of $2.59 which represents an annual dividend yield of 3.52%. See more information on Essex Property Trust dividends here
What is Essex Property Trust’s EPS estimate?
Essex Property Trust’s EPS estimate is 1.46.
How many shares outstanding does Essex Property Trust have?
Essex Property Trust has 64,262,860 shares outstanding.
What happened to Essex Property Trust’s price movement after its last earnings report?
Essex Property Trust reported an EPS of $1.65 in its last earnings report, beating expectations of $1.422. Following the earnings report the stock price went down -1.105%.
Which hedge fund is a major shareholder of Essex Property Trust?
Currently, no hedge funds are holding shares in ESS
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Essex Property Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$292.15 (14.58% Upside)
$292.15 (14.58% Upside)
Blogger Sentiment
Bullish
ESS Sentiment 70%
Sector Average 62%
Sector Average 62%
Hedge Fund Trend
Increased
By 258.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $167.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.1%
Last 30 Days ▲ 6.7%
Last 30 Days ▲ 6.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.12%
12-Months-Change
Fundamentals
Return on Equity
3.52%
Trailing 12-Months
Asset Growth
-0.69%
Trailing 12-Months
Company Description
Essex Property Trust
Essex Property Trust, Inc., a prominent S&P 500 constituent, operates as a vertically integrated real estate investment trust (REIT). The company focuses on the purchase, construction, renovation, and ongoing management of residential apartment complexes across select West Coast regions. Currently, Essex maintains ownership interests in 246 apartment communities, offering a total of roughly 60,000 homes, with an additional six properties actively advancing through various stages of development.
ESS Revenue Breakdown
99.50% Rental income
0.50% Management and other fees from affiliates
ESS Stock 12 Month Forecast
Average Price Target
$292.15
▲(14.58% Upside)
Technical Analysis
Ownership Overview
0.73% Insiders
30.78% Mutual Funds
0.20% Other Institutional Investors
32.25% Public Companies and
Individual Investors