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Essex Property Trust, Inc. (ESS)

Real Estate | REIT - Residential | San Mateo, United States | NYSE
284.03 USD +3.27 (1.165%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 284.03
Short-term:★★★☆☆Long-term:★⯪☆☆☆Dividends:★⯪☆☆☆
Hot Take ↕ | Aug. 22, 2026, 5:09 a.m. EDT

Essex Property Trust presents a classic income trap: a 3.6% yield that is mathematically unsustainable given a 160% payout ratio. While the stock has rallied recently and sits near its 52-week highs, the underlying business is struggling with a 71% earnings contraction and high leverage. The 3.6% yield is not a safety net but a warning sign of potential capital return pressure. For investors seeking stable income, the payout ratio is too high to ignore, making this a speculative hold rather than a core investment.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.017460
MSTL0.017947
AutoTheta0.018429
AutoARIMA0.045376

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 60%
H-stat 1.12
Ljung-Box p 0.000
Jarque-Bera p 0.360
Excess Kurtosis -0.59
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-29
Last Dividend Date 2026-06-29
Debt to Equity Ratio 122.409
Revenue per Share 30.765
Market Cap 19,577,106,432
Trailing P/E 43.70
Forward P/E 46.06
Beta 0.71
Profit Margins 20.89%
Website https://www.essexapartmenthomes.com

As of Aug. 22, 2026, 5:09 a.m. EDT: Speculators are positioning for a range-bound market with a slight bullish skew in near-term calls (290 strike new flow) but defensive put buying (280 strike new flow). Deep OTM puts show elevated IV, suggesting fear of a crash, while OTM calls dominate OI, indicating a bullish bias overall.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.89% 3.92% 3.77% 3.62%
Dividend History
Date Dividend Yield %
2026-06-30 2.590 0.888233
2026-03-31 2.590 1.070248
2026-01-02 2.570 1.000428
2025-09-30 2.570 0.960173
2025-06-30 2.570 0.906845
2025-03-31 2.570 0.838308
2025-01-02 2.450 0.876503
2024-09-30 2.450 0.829328
2024-06-28 2.450 0.900073
2024-03-27 2.450 1.014871
2023-12-29 2.310 0.931677
2023-09-28 2.310 1.096085
2023-06-29 2.310 0.991119
2023-03-30 2.310 1.131355
2022-12-30 2.200 1.038128
2022-09-29 2.200 0.921813
2022-06-29 2.200 0.838574
2022-03-30 2.200 0.630879
2021-12-31 2.090 0.593362
2021-09-29 2.090 0.645201
2021-06-29 2.090 0.691755
2021-03-30 2.090 0.751474
2020-12-31 2.078 0.875242
2020-09-29 2.078 1.041082
2020-06-29 2.078 0.917723
2020-03-30 2.078 0.921467
2019-12-31 1.950 0.648142
2019-09-27 1.950 0.597518
2019-06-27 1.950 0.676215
2019-03-28 1.950 0.672020
2018-12-31 1.860 0.758533
2018-09-27 1.860 0.768945
2018-06-28 1.860 0.789507
2018-03-28 1.860 0.776197
2017-12-28 1.750 0.726412
2017-09-28 1.750 0.691563
2017-06-28 1.750 0.672456
2017-03-29 1.750 0.754310
2016-12-28 1.600 0.703142
2016-09-28 1.600 0.703575
2016-06-28 1.600 0.716750
2016-03-29 1.600 0.684726
2015-12-30 1.440 0.591935
2015-09-28 1.440 0.670235
2015-06-26 1.440 0.672363
2015-03-27 1.440 0.619701
2014-12-30 1.300 0.619136
2014-09-26 1.300 0.720062
2014-06-26 1.300 0.707676
2014-03-12 1.210 0.731737
2013-12-30 1.210 0.841622
2013-09-26 1.210 0.807528
2013-06-26 1.210 0.773954
2013-03-26 1.210 0.805110
2012-12-28 1.100 0.753064
2012-09-26 1.100 0.740641
2012-06-27 1.100 0.737859
2012-03-28 1.100 0.740342
2011-12-29 1.040 0.739792
2011-09-28 1.040 0.865009
2011-06-28 1.040 0.777686
2011-03-29 1.040 0.861141
2010-12-30 1.033 0.904950
2010-09-28 1.033 0.954449
2010-06-28 1.033 0.994608
2010-03-29 1.033 1.167232
2009-12-30 1.030 1.213192
2009-09-28 1.030 1.259939
2009-06-26 1.030 1.672349
2009-03-27 1.030 1.783859
2008-12-30 1.020 1.380430
2008-09-26 1.020 0.857215
2008-06-26 1.020 0.947603
2008-03-27 1.020 0.903454
2007-12-26 0.930 0.945602
2007-09-26 0.930 0.792569
2007-06-27 0.930 0.782697
2007-03-28 0.930 0.726562
2006-12-27 0.840 0.657534
2006-09-27 0.840 0.685323
2006-06-28 0.840 0.783509
2006-03-29 0.840 0.769795
2005-12-28 0.810 0.873127
2005-09-28 0.810 0.932106
2005-06-28 0.810 0.972739
2005-03-29 0.810 1.172045
2004-12-29 0.790 0.956069
2004-09-28 0.790 1.101659
2004-06-28 0.790 1.151604
2004-03-29 0.790 1.219136
2003-12-29 0.780 1.200185
2003-09-26 0.780 1.260097
2003-06-26 0.780 1.375661
2003-03-27 0.780 1.471698
2002-12-04 0.770 1.524752
2002-09-26 0.770 1.530511
2002-06-26 0.770 1.409740
2002-03-26 0.770 1.468625
2001-12-27 0.700 1.410153
2001-09-26 0.700 1.469045
2001-06-27 0.700 1.396091
2001-03-28 0.700 1.475548
2000-12-27 0.610 1.099099
2000-09-27 0.610 1.109091
2000-06-28 0.610 1.406340
2000-03-29 0.550 1.530435
1999-12-29 0.550 1.632653
1999-09-28 0.550 1.617647
1999-06-28 0.550 1.617647
1999-03-29 0.500 1.900238
1998-12-29 0.500 1.720430
1998-09-28 0.500 1.600000
1998-06-26 0.500 1.616162
1998-03-27 0.450 1.340782
1997-12-29 0.450 1.311475
1997-09-26 0.450 1.309091
1997-06-26 0.435 1.432099
1997-03-26 0.435 1.414634
1996-12-27 0.435 1.513043
1996-09-26 0.435 1.784615
1996-06-26 0.420 1.909091
1996-03-27 0.420 2.074074
1995-12-27 0.420 2.196078
1995-09-27 0.420 2.417266
Additional Data
dividendRate 10.36
dividendYield 3.69
exDividendDate 2026-06-30
trailingAnnualDividendRate 10.32
trailingAnnualDividendYield 0.036757372
lastDividendValue 2.59
lastDividendDate 2026-06-30
dividendDate 2026-07-15

Info Dump

Attribute Value
52 Week Change 0.077359915
Address1 1,100 Park Place
Address2 Suite 200
All Time High 363.36
All Time Low 14.625
Ask 290.54
Ask Size 100
Audit Risk 6
Average Analyst Rating 2.5 - Buy
Average Daily Volume10 Day 423,100
Average Daily Volume3 Month 462,816
Average Volume 462,816
Average Volume10Days 423,100
Beta 0.708
Bid 266.0
Bid Size 600
Board Risk 9
Book Value 82.826
City San Mateo
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 284.03
Current Ratio 0.249
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 284.94
Day Low 279.9169
Debt To Equity 122.409
Display Name Essex Property Trust
Dividend Date 1,784,073,600
Dividend Rate 10.36
Dividend Yield 3.69
Earnings Call Timestamp End 1,785,434,400
Earnings Call Timestamp Start 1,785,434,400
Earnings Growth -0.718
Earnings Quarterly Growth -0.718
Earnings Timestamp 1,785,355,200
Earnings Timestamp End 1,793,131,200
Earnings Timestamp Start 1,793,131,200
Ebitda 1,230,545,024
Ebitda Margins 0.62124
Enterprise To Ebitda 20.418
Enterprise To Revenue 12.684
Enterprise Value 25,124,706,304
Eps Current Year 5.60256
Eps Forward 6.16593
Eps Trailing Twelve Months 6.5
Esg Populated 0
Ex Dividend Date 1,782,777,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 650 655 7810
Fifty Day Average 289.115
Fifty Day Average Change -5.0849915
Fifty Day Average Change Percent -0.017588127
Fifty Two Week Change Percent 7.7359915
Fifty Two Week High 303.35
Fifty Two Week High Change -19.320007
Fifty Two Week High Change Percent -0.06368883
Fifty Two Week Low 238.46
Fifty Two Week Low Change 45.569992
Fifty Two Week Low Change Percent 0.1911012
Fifty Two Week Range 238.46 - 303.35
Financial Currency USD
First Trade Date Milliseconds 770,995,800,000
Five Year Avg Dividend Yield 3.5
Float Shares 63,553,131
Forward Eps 6.16593
Forward P E 46.064423
Free Cashflow 1,043,926,720
Full Exchange Name NYSE
Full Time Employees 1,686
Fullday Change 3.26999
Fullday Change Percent 1.16469
Fullday Price 284.03
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.68771005
Gross Profits 1,362,206,976
Has Pre Post Market Data 1
Held Percent Insiders 0.00733
Held Percent Institutions 1.04442
Implied Shares Outstanding 68,926,188
Industry REIT - Residential
Industry Disp REIT - Residential
Industry Key reit-residential
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,782,777,600
Last Dividend Value 2.59
Last Fiscal Year End 1,767,139,200
Long Business Summary 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 258 apartment communities comprising over 62,000 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.
Long Name Essex Property Trust, Inc.
Market us_market
Market Cap 19,577,106,432
Market State CLOSED
Max Age 86,400
Message Board Id finmb_332646
Most Recent Quarter 1,782,777,600
Net Income To Common 413,841,984
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 18,044,006,933
Number Of Analyst Opinions 25
Open 282.41
Operating Cashflow 1,118,023,040
Operating Margins 0.33975
Overall Risk 7
Payout Ratio 1.6075
Peg Ratio 7.02
Phone 650 655 7800
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 284.03
Post Market Time 1,787,959,805
Previous Close 280.76
Price Eps Current Year 50.69647
Price Hint 2
Price To Book 3.4292374
Price To Sales Trailing12 Months 9.883554
Profit Margins 0.20893
Quick Ratio 0.091
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.5
Region US
Regular Market Change 3.26999
Regular Market Change Percent 1.16469
Regular Market Day High 284.94
Regular Market Day Low 279.9169
Regular Market Day Range 279.9169 - 284.94
Regular Market Open 282.41
Regular Market Previous Close 280.76
Regular Market Price 284.03
Regular Market Time 1,787,947,203
Regular Market Volume 642,611
Return On Assets 0.029560002
Return On Equity 0.0771
Revenue Growth 0.031
Revenue Per Share 30.765
Sand P52 Week Change 0.20504117
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 8
Shares Outstanding 64,261,739
Shares Percent Shares Out 0.0307
Shares Short 1,971,746
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 2,030,071
Short Name Essex Property Trust, Inc.
Short Percent Of Float 0.048699997
Short Ratio 4.43
Source Interval 15
State CA
Symbol ESS
Target High Price 352.0
Target Low Price 239.0
Target Mean Price 304.99
Target Median Price 303.0
Total Cash 67,527,000
Total Cash Per Share 1.051
Total Debt 6,748,253,184
Total Revenue 1,980,775,936
Tradeable 0
Trailing Annual Dividend Rate 10.32
Trailing Annual Dividend Yield 0.036757372
Trailing Eps 6.5
Trailing P E 43.696922
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 266.3076
Two Hundred Day Average Change 17.722412
Two Hundred Day Average Change Percent 0.06654865
Type Disp Equity
Volume 642,611
Website https://www.essexapartmenthomes.com
Zip 94,403