Essex Property Trust, Inc. (NYSE:ESS) Declares $2.57 Quarterly Dividend

Essex Property Trust, Inc. (NYSE:ESS) declared a quarterly dividend on Friday, December 5th. Investors of record on Friday, January 2nd will be paid a dividend of 2.57 per share by the real estate investment trust on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, January 2nd.

Essex Property Trust has decreased its dividend 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 payout ratio of 170.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Essex Property Trust to earn $16.58 per share next year, which means the company should continue to be able to cover its $10.28 annual dividend with an expected future payout ratio of 62.0%.

Essex Property Trust Stock Performance

Shares of NYSE ESS traded down $1.89 during trading on Wednesday, reaching $262.03. 28,474 shares of the company traded hands, compared to its average volume of 477,142. The stock has a market cap of $16.88 billion, a P/E ratio of 19.91, a PEG ratio of 6.38 and a beta of 0.72. The firm’s fifty day simple moving average is $258.33 and its 200 day simple moving average is $266.34. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.15. Essex Property Trust has a 12-month low of $243.25 and a 12-month high of $316.29.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $3.97 EPS for the quarter, beating the consensus estimate of $3.96 by $0.01. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.68%. The company had revenue of $473.30 million for the quarter, compared to analyst estimates of $472.11 million. During the same quarter last year, the business earned $3.91 earnings per share. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS and its FY 2025 guidance at 15.890-15.990 EPS. As a group, research analysts anticipate that Essex Property Trust will post 15.96 earnings per share for the current fiscal year.

Institutional Trading of Essex Property Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Swiss Life Asset Management Ltd lifted its holdings in shares of Essex Property Trust by 442.7% during the third quarter. Swiss Life Asset Management Ltd now owns 27,902 shares of the real estate investment trust’s stock worth $7,468,000 after purchasing an additional 22,761 shares during the period. Groupama Asset Managment increased its stake in Essex Property Trust by 6.4% in the 3rd quarter. Groupama Asset Managment now owns 1,824 shares of the real estate investment trust’s stock valued at $488,000 after buying an additional 109 shares during the period. CIBC Bancorp USA Inc. purchased a new position in Essex Property Trust during the 3rd quarter worth $6,909,000. Coldstream Capital Management Inc. raised its position in Essex Property Trust by 51.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,499 shares of the real estate investment trust’s stock worth $401,000 after buying an additional 507 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Essex Property Trust in the 3rd quarter worth $11,136,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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.