Essex Property Trust, Inc. (ESS) fair value analysis
S&P 500 · Updated 2026-10-19
ESS price how computed
Valuation status
No P/E-based verdictESS: P/E-based fair value does not apply to REITs; their earnings are reported net of depreciation.
The price, fundamentals and dividend data below are unaffected.
- Last price
- $271.57
- Sector
- Real Estate
- 12-month range
- $239.61–$298.33
- Market cap
- $17.5B
- From 52-week high
- -9.0%
- Shares outstanding
- 64.3M
- Rank in Real Estate by quality score
- #19 of 45
Last price is our 2026-10-19 weekly price; the chart runs through 2026-10-16.
Essex Property Trust, Inc. is a real estate investment trust that owns and operates multifamily residential communities. The company's properties are located primarily in Southern California, Northern California, and the Seattle metropolitan area.
ESS currently ranks #19 of 45 Real Estate stocks by quality score.
Fundamentals (4 quarters) how computed
- Market cap
- $17.5B
- P/E (trailing)
- 32x
- Revenue (TTM)
- $1.93B
- Net margin
- 21.6%
- EPS (TTM)
- $8.57
- Gross margin
- 68.4%
- Debt / equity
- 1.27
- Revenue growth (3-yr avg)
- 5.6%
- Shares outstanding
- 64.3M
Derived indicators how computed
- Quality grade
- C
- Margin trend
- Expanding
- 52-week position
- The upper-middle quarter of its range
Technicals how computed
- RSI (14-day)
- 51 · neutral
- 50-day average
- $277.13
- 200-day average
- $268.89
- Moving-average state
- 50-day above 200-day (golden cross state); price between the averages
Dividends how computed
- Paid, last 12 months
- $10.34 per share (4 payments)
- Yield on last price
- 3.81%
- Consecutive years of increases
- 1
- Last ex-dividend date
- 2026-09-30
- Last payment date
- 2026-10-15
Earnings how computed
- Next earnings report
- 2026-10-27 (post-market)
- Last 8 quarters vs consensus
- 4 beat, 4 missed
- Quarter by quarter
- 2026-06 ▲ beat (+1.2%)
2026-03 ▲ beat (+15.4%)
2025-12 ▼ miss (-15.0%)
2025-09 ▼ miss (-4.8%)
2025-06 ▲ beat (+5.0%)
2025-03 ▲ beat (+2.1%)
2024-12 ▼ miss (-52.2%)
2024-09 ▼ miss (-0.7%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 10 buy · 14 hold · 2 sell (26 analysts)
- Consensus lean
- Hold-leaning
- Consensus price target
- $300
- Target vs last price
- +10.5%
What our data shows for ESS
- Shares are trading in the middle of their 12-month price range of $239.61–$298.33.
- The 14-day relative strength index sits at a neutral 51.
What subscribers see
- Every published Forward Fair Value with its exact discount or premium
- The normalized P/E and quarter count behind each estimate
- Screeners and rankings across the full S&P 500 and Nasdaq universes
- ESS's own verdict the week it qualifies, published automatically
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent ESS news
TickrTrends' derived news-sentiment signal for ESS is currently leaning positive, computed from recent coverage.
- Essex Property’s 3.8% Dividend Yield Meets a Demanding Valuation (insidermonkey.com, 2026-10-14)
- ESS Maintained by RBC Capital -- Price Target Lowered to $298 (gurufocus.com, 2026-10-13)
- ESS Maintains Overweight Rating -- Price Target Lowered to $326 (gurufocus.com, 2026-10-12)
More ESS news
- Essex Property Trust (ESS) Secures $275 Million Unsecured Term Loan (gurufocus.com, 2026-09-26)
What people are saying
Follow the ESS conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-06 — TickrTrends' derived indicators for ESS showed a change in valuation assessment this week. The valuation verdict shifted from Fairly valued to no P/E-based verdict (REIT), reflecting the company's classification as a real estate investment trust, which does not rely on traditional price-to-earnings metrics for valuation analysis.
- 2026-09-28 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-21 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is ESS stock undervalued?
TickrTrends publishes no fair-value verdict for ESS. P/E-based fair value does not apply to REITs; their earnings are reported net of depreciation.
What is ESS's TickrTrends verdict?
ESS is a REIT, so it is marked 'No P/E-based verdict'. Its price, fundamentals and dividend data are still shown and refreshed with every run.
How does ESS compare to other Real Estate stocks?
ESS ranks #19 of 45 Real Estate stocks in TickrTrends' coverage by quality score. It carries no fair-value verdict yet, so it is not ranked by discount.
Is ESS overbought or oversold?
ESS's 14-day RSI is in neutral territory - neither overbought nor oversold.
Does ESS pay a dividend?
Yes. ESS paid $10.34 per share over the last twelve months (4 payments), a 3.81% yield on TickrTrends' last price, and has raised the annual total for 1 consecutive year. The last ex-dividend date was 2026-09-30.
When does ESS report earnings next?
ESS's next earnings report is scheduled for 2026-10-27 (post-market), per the published earnings calendar.
Does ESS usually beat earnings estimates?
Over its last 8 reported quarters ESS beat the consensus estimate 4 times and missed 4 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about ESS?
Of 26 analysts covering ESS, 10 rate it a buy, 14 a hold and 2 a sell - hold-leaning, with a consensus price target of $300 (+10.5% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.