Essex Property Trust, Inc. (ESS) to Issue Quarterly Dividend of $2.59 on October 15th

Essex Property Trust, Inc. (NYSE:ESS) announced a quarterly dividend on Thursday, September 3rd. Shareholders of record on Wednesday, September 30th will be given a dividend of 2.59 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, September 30th.

Essex Property Trust has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 31 years. Essex Property Trust has a 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. Equities research analysts expect Essex Property Trust to earn $16.68 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 62.1%.

Essex Property Trust Price Performance

Shares of ESS opened at $278.53 on Friday. The firm has a market cap of $17.90 billion, a PE ratio of 43.32, a P/E/G ratio of 10.19 and a beta of 0.69. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.22. The firm has a fifty day simple moving average of $289.38 and a two-hundred day simple moving average of $271.70. 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 issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.08 EPS for the quarter, topping the consensus estimate of $1.46 by $2.62. The company had revenue of $489.05 million during the quarter, compared to analyst estimates of $485.12 million. Essex Property Trust had a return on equity of 7.33% and a net margin of 21.48%.During the same quarter in the previous year, the company posted $4.03 earnings per share. Essex Property Trust has set its Q3 2026 guidance at 3.930-4.050 EPS and its FY 2026 guidance at 16.030-16.250 EPS. On average, equities analysts anticipate that Essex Property Trust will post 16.18 EPS for the current year.

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.