Essex Property Trust, Inc. (ESS) Stock Price & Analysis
Essex Property Trust, Inc. (ESS) closed at USD 282.45 on Thursday, October 22, 2026, up 3.04% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 274.11; the Oct 22, 2026 session ranged USD 274.23–282.86 on volume of 431,934 shares. Market capitalization is $19.47B, with a 52-week range of USD 238.46–303.35 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:12 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ESS.md
Key facts (ESS)
- Last four reported quarters (through Jun 30, 2026): revenue $1.93B, net income $438M (22.7% margin) (SEC filings).
- Valuation: P/E 44.5x (avg 27.9x at the last 3 fiscal year-ends), EV/EBITDA 20.8x, net debt $6.33B.
- 1 of 80 tracked superinvestors hold ESS (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $168K; 1 not under a Rule 10b5-1 plan ($168K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.50 on a 1–5 scale) (26 analysts), mean target USD 297.11 (range 239–330).
- Total return with dividends: 1Y +11.3% vs S&P 500 +14.9%; 5Y +1.2% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 1.47, revenue estimate $491M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ESS)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.61B | $1.67B | $1.77B | $1.89B | $1.93B |
| Gross profit | — | $1.13B | $1.17B | $1.24B | $1.32B | — |
| Operating income | $530M | $595M | $584M | $703M | $899M | $627M |
| Net income | $516M | $433M | $431M | $811M | $703M | $438M |
| EPS (diluted) | $7.51 | $6.27 | $6.32 | $11.54 | $10.40 | — |
| Gross margin | — | 70.2% | 70.1% | 70.0% | 69.9% | — |
| Operating margin | 36.8% | 37.0% | 35.0% | 39.6% | 47.6% | 32.5% |
| Net margin | 35.8% | 26.9% | 25.8% | 45.7% | 37.2% | 22.7% |
| Revenue growth | -3.7% | +11.5% | +3.9% | +6.3% | +6.4% | — |
| Cash + short-term investments | $58.6M | $42.7M | $400M | $66.8M | $76.2M | — |
| Total debt | $639M | — | — | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ESS)
P/E 44.5x · P/S 10.1x · EV/EBITDA 20.8x · EV/Sales 13.4x · P/B 3.7x · Earnings yield 2.25% · Net debt $6.33B · EV $25.8B
P/E at fiscal year-ends: Dec 2025 24.0x, Dec 2024 22.6x, Dec 2023 37.0x.
Superinvestors (SEC 13F-HR, Q2 2026) (ESS)
1 of 80 tracked investors hold ESS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Davis | Davis Advisors | 0.04% | $8.3M | Added +70.0% |
Insider sales (SEC Form 4, open-market, last ~7 months) (ESS)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-27 | Kasaris Mary | Director | 600 | $168K | 17.4% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (ESS)
Consensus Hold (mean 2.50 on a 1–5 scale), 26 analysts; mean target USD 297.11 (low 239, high 330).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Wells Fargo | Target lowered | Equal-Weight | $297 → $279 |
| 2026-10-14 | UBS | Target lowered | Neutral | $286 → $275 |
| 2026-10-14 | Barclays | Target lowered | Equal-Weight | $297 → $285 |
| 2026-10-13 | RBC Capital | Target lowered | Outperform | $312 → $298 |
| 2026-10-12 | Piper Sandler | Target lowered | Overweight | $352 → $326 |
| 2026-09-21 | Evercore ISI Group | Target lowered | Outperform | $303 → $299 |
| 2026-09-17 | Scotiabank | Target lowered | Sector Outperform | $307 → $293 |
| 2026-09-08 | Mizuho | Downgrade | Outperform → Neutral | $308 → $295 |
| 2026-08-17 | Barclays | Target raised | Equal-Weight | $296 → $297 |
| 2026-08-14 | JP Morgan | Target raised | Underweight | $275 → $295 |
| 2026-08-03 | Cantor Fitzgerald | Target raised | Overweight | $291 → $316 |
| 2026-07-31 | RBC Capital | Target raised | Outperform | $306 → $312 |
Total return (dividends reinvested) (ESS)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +11.3% | +1.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +11.4% | +0.2% |
| Volatility (annualized) | 19.8% | 22.8% |
| Max drawdown | -9.8% (Jul 2026→Oct 2026) | -41.6% (Mar 2022→Mar 2023) |
ESS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.47 | $1.41 | +4.6% | $491.0M | 5 |
| Next quarter (ends Dec 2026) | $1.51 | $1.46 | +3.7% | $493.5M | 6 |
| Current fiscal year (ends Dec 2026) | $5.50 | $5.90 | -6.7% | $1.95B | 3 |
| Next fiscal year (ends Dec 2027) | $6.23 | $6.12 | +1.9% | $2.02B | 6 |
Key Statistics (as of October 23, 2026 at 10:12 UTC)
| Price | USD 282.45 |
|---|---|
| Change | ▲ 3.04% (up) |
| Previous Close | USD 274.11 |
| Open | USD 273.6 |
| Day Range | USD 274.23 – 282.86 |
| 52-Week Range | USD 238.46 – 303.35 |
| Volume | 431,934 shares |
| Market Cap | $19.47B |
| Exchange | NYQ |
Technical Analysis (ESS)
Nexqual's technical model rates ESS "NEUTRAL" based on 4 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 10:12 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 64.33 (neutral) |
| vs SMA50 | Above (USD 276.34) |
| MACD | -0.3 (negative) |
Analyst Ratings (ESS)
Wall Street analysts rate ESS "Hold" based on 26 analysts, with a mean price target of USD 297.11 (range USD 239–330), per Nexqual as of October 23, 2026 at 10:12 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 26 |
| Mean Target | USD 297.11 |
| High Target | USD 330 |
| Low Target | USD 239 |
| Buy / Hold / Sell | 10 / 14 / 2 |
Earnings (ESS)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 1.47 |
| Revenue Estimate | $491.01M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.94 vs est 1.47 ▼ miss |
| 2026-03-31 | USD 1.65 vs est 1.43 ▲ beat |
| 2025-12-31 | USD 1.25 vs est 1.47 ▼ miss |
| 2025-09-30 | USD 1.59 vs est 1.67 ▼ miss |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financials & Fundamentals (ESS)
| Total Revenue | $1.98B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +3.10% |
| Gross Margin | +68.77% |
| Operating Margin | +33.98% |
| Profit Margin | +20.89% |
| ROE | +7.71% |
| Debt / Equity | 1.22 |
| Current Ratio | 0.25 |
| Total Cash | $67.53M |
| Total Debt | $6.75B |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financial Health Score (ESS)
Nexqual rates Essex Property Trust, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:12 UTC.
| Growth | Solid — Revenue +6% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 69%, operating 34% (last 12 months) |
| Balance Sheet | Weak — $58M cash and investments vs $6.39B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $1.07B (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 8%, ROA 3.0% |
Ownership (ESS)
| Insider Ownership | +0.73% |
|---|---|
| Institutional Ownership | +104.36% |
| Shares Outstanding | 64.27M |
| Float | 63.55M |
| Short % of Float | +6.28% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Leadership (ESS)
Essex Property Trust, Inc. is led by Angela L. Kleiman, President, CEO & Director, per Nexqual as of October 23, 2026 at 10:12 UTC.
| President, CEO & Director | Angela L. Kleiman |
|---|---|
| Executive VP & CFO | Barbara M. Pak |
| Senior VP & CTO | Michael Kao |
| Senior Vice President of Transactions | Dmitry Taraschansky |
| Senior Vice President of Property Operations | Yunmi Martin |
Major Backers & Investors (ESS)
Notable institutional backers of Essex Property Trust, Inc. include Cohen & Steers Inc., Price (T.Rowe) Associates Inc, Principal Financial Group, Inc., according to Nexqual as of October 23, 2026 at 10:12 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Cohen & Steers Inc. | 7.65% |
| Price (T.Rowe) Associates Inc | 5.22% |
| Principal Financial Group, Inc. | 3.26% |
| NORGES BANK | 2.5% |
| Invesco | 1.75% |
| TR PRICE-Price (T.Rowe) U.S. Value Equity Trust | 1.39% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 15.08% |
| BlackRock | 11.56% |
| State Street | 8.11% |
| Geode Capital | 3.04% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| INVH | Invitation Homes Inc. | USD 27.53 | ▲ 2.69% |
| SUI | Sun Communities, Inc. | USD 119.86 | ▲ 2.92% |
| MAA | Mid-America Apartment Communiti | USD 121.17 | ▲ 2.97% |
| UDR | UDR, Inc. | USD 36.18 | ▲ 3.25% |
| AMH | American Homes 4 Rent | USD 31.9 | ▲ 3.1% |
| ELS | Equity Lifestyle Properties, In | USD 61.17 | ▲ 3.4% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:12 UTC. This page is informational and not investment advice.
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