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

Essex Property Trust, Inc. (NYSE:ESS) announced a quarterly dividend on Thursday, May 14th. Investors 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 dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Essex Property Trust has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 31 consecutive years. Essex Property Trust has a dividend payout ratio of 171.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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%.

Essex Property Trust Stock Performance

Shares of NYSE ESS traded down $3.15 during trading hours on Friday, hitting $265.38. 173,764 shares of the stock were exchanged, compared to its average volume of 517,109. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.98 and a quick ratio of 0.98. The company’s 50 day moving average is $253.43 and its 200 day moving average is $255.32. The firm has a market capitalization of $17.05 billion, a P/E ratio of 29.82, a P/E/G ratio of 11.77 and a beta of 0.71. Essex Property Trust has a one year low of $238.46 and a one year high of $294.09.

Essex Property Trust (NYSE:ESS) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. The company had revenue of $484.76 million during the quarter, compared to the consensus estimate of $479.89 million. During the same period last year, the company earned $3.97 earnings per share. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. On average, research analysts expect that Essex Property Trust will post 16.04 EPS for the current year.

Institutional Investors Weigh In On Essex Property Trust

Hedge funds have recently made changes to their positions in the company. Nemes Rush Group LLC acquired a new stake in shares of Essex Property Trust during the 4th quarter worth about $27,000. Generali Asset Management SPA SGR acquired a new stake in shares of Essex Property Trust during the 4th quarter worth about $29,000. Hantz Financial Services Inc. increased its position in shares of Essex Property Trust by 57.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 115 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 42 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Essex Property Trust during the 1st quarter worth about $38,000. Finally, True Wealth Design LLC increased its position in shares of Essex Property Trust by 120.0% during the 4th quarter. True Wealth Design LLC now owns 176 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Essex Property Trust

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.