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

Essex Property Trust (NYSE:ESS) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.930-4.050 for the period, compared to the consensus earnings per share 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 Stock Performance

ESS stock traded up $1.93 during midday trading on Wednesday, hitting $296.45. The company’s stock had a trading volume of 500,288 shares, compared to its average volume of 510,717. The stock has a market cap of $19.05 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 12.53 and a beta of 0.70. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.22. The stock’s 50-day moving average price is $286.21 and its 200 day moving average price is $265.58. Essex Property Trust has a 1 year low of $238.46 and a 1 year high of $303.35.

Essex Property Trust (NYSE:ESS) last announced its earnings results 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 business had revenue of $484.76 million for the quarter, compared to analysts’ expectations of $479.89 million. Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. During the same period in the prior year, the business earned $3.97 earnings per share. On average, equities analysts forecast that Essex Property Trust will post 16.11 EPS for the current year.

Essex Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $2.59 dividend. This represents a $10.36 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, June 30th. Essex Property Trust’s payout ratio is presently 116.40%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald lifted their price target on shares of Essex Property Trust from $290.00 to $291.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Weiss Ratings upgraded Essex Property Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Evercore reiterated an “outperform” rating and set a $296.00 price target on shares of Essex Property Trust in a research note on Monday, June 8th. Morgan Stanley lifted their price objective on Essex Property Trust from $293.00 to $302.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Finally, Stifel Nicolaus boosted their price objective on Essex Property Trust from $278.00 to $281.50 and gave the company a “hold” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Essex Property Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $299.08.

Insider Buying and Selling

In related news, Director Mary Kasaris sold 600 shares of Essex Property Trust stock in a transaction on 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 of the company’s stock, valued at approximately $669,003.30. This trade represents a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.47% of the company’s stock.

Institutional Trading of Essex Property Trust

A number of large investors have recently modified their holdings of ESS. Invesco Ltd. grew its stake in shares of Essex Property Trust by 6.1% during the fourth quarter. Invesco Ltd. now owns 835,007 shares of the real estate investment trust’s stock valued at $218,505,000 after buying an additional 48,233 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of Essex Property Trust by 3,497.4% in the 4th quarter. Corient Private Wealth LLC now owns 126,196 shares of the real estate investment trust’s stock valued at $33,023,000 after acquiring an additional 122,688 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Essex Property Trust by 5.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,633 shares of the real estate investment trust’s stock valued at $3,829,000 after acquiring an additional 743 shares during the period. State of Tennessee Department of Treasury boosted its holdings in Essex Property Trust by 24.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 202,446 shares of the real estate investment trust’s stock valued at $50,990,000 after acquiring an additional 39,681 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in Essex Property Trust during the 4th quarter worth approximately $338,000. Institutional investors 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.