Essex Property Trust, Inc. (NYSE:ESS) Declares Quarterly Dividend of $2.59

Essex Property Trust, Inc. (NYSE:ESS – Get Free Report) announced a quarterly dividend on Thursday, May 14th. Shareholders of record on Tuesday, June 30th will be given a dividend of 2.59 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, June 30th.

Essex Property Trust has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 31 consecutive 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. Analysts expect Essex Property Trust to earn $16.64 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 62.3%.

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Essex Property Trust Trading Down 1.2%

Shares of NYSE ESS traded down $3.15 during mid-day trading on Friday, hitting $265.38. The company’s stock had a trading volume of 173,764 shares, compared to its average volume of 517,109. The stock has a market cap of $17.05 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 11.77 and a beta of 0.71. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.98 and a quick ratio of 0.98. Essex Property Trust has a one year low of $238.46 and a one year high of $294.09. The company’s fifty day simple moving average is $253.43 and its 200-day simple moving average is $255.32.

Essex Property Trust (NYSE:ESS – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($2.31). Essex Property Trust had a return on equity of 10.00% and a net margin of 30.03%.The firm had revenue of $484.76 million for the quarter, compared to the consensus estimate of $479.89 million. During the same period in the previous year, the business earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, sell-side analysts anticipate that Essex Property Trust will post 16.04 earnings per share for the current fiscal year.

Essex Property Trust Company Profile

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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.

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