Essex Property Trust, Inc.
ESS Large CapReal Estate · REIT - Residential
Updated: Jun 23, 2026, 22:21 UTC
Price Chart
Key Metrics
Valuation Analysis
About the Company
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 259 apartment communities comprising over 63,000 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.
Essex Property Trust, Inc. Stock at a Glance
Essex Property Trust, Inc. (ESS) is currently trading at $279.48 with a market capitalization of $19.3B. The trailing P/E ratio stands at 31.4x, with a forward P/E of 46.39x. The 52-week range spans from $238.46 to $294.09; the current price is 5% below the yearly high. Year-over-year revenue growth stands at +6.4%. The net profit margin stands at 29.13%.
💰 Dividend
Essex Property Trust, Inc. pays an annual dividend of $10.36 per share, representing a yield of 3.71%. The payout ratio stands at 115.86%. The elevated payout ratio reflects a mature dividend policy.
📊 Analyst Rating
23 analysts rate Essex Property Trust, Inc. (ESS) on consensus: Hold. The average price target is $286.85, implying +2.64% from the current price. Analyst price targets range from $239.00 to $310.00.
Essex Property Trust, Inc.: The Investment Case in Detail
Essex Property Trust, Inc. (ESS) operates in the Real Estate — specifically REIT - Residential — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bull Case
With a gross margin near 68.88%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns. Free cash flow is positive and net margins stand at 29.13%, meaning reported earnings translate into real cash that can fund buybacks, dividends or strategic acquisitions.
Valuation in Context
At a PEG of 7.02, investors are paying more than three times the growth rate for each unit of earnings — that pricing assumes growth not only continues but accelerates from here.
Investment Thesis: Strengths & Weaknesses
- Profitable with 29.13% net margin
- High gross margin of 68.88% — indicates pricing power
- Solid dividend yield of 3.71%
- Positive free cash flow
No significant red flags in current metrics.
Technical Snapshot
Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).
Risk Profile
The data points to relatively defensive market behavior, higher leverage relative to equity.
Trading Data
💵 Dividend Info
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