Where it trades today
trading 49% of the way up its 52-week range
How the price has moved
What to weigh before acting
What Matters Now
- Financing conditions, occupancy, and asset repricing are the main levers behind upside or downside from here.
- ESS trades at 42.1x earnings, well above the real estate average of 35.0x, so the market is already pricing in above-consensus execution.
- ESS carries a beta of 0.71, which means the stock should be judged on how it affects total portfolio swings, not just on standalone upside.
- Relative performance versus PLD, EQIX matters here because leadership inside real estate rarely stays static for long.
Portfolio Use Case
- ESS is more relevant for investors who want some income support alongside price appreciation, not just pure growth exposure.
- The beta profile suggests it can fit a quality or lower-volatility sleeve more naturally than a high-octane tactical basket.
- This page is most useful for deciding whether the stock deserves a permanent slot in the portfolio or just a place on the watchlist.
What Would Change the View
- A reset in earnings expectations or a faster peer catch-up could compress the premium valuation currently embedded in ESS.
- The view would need revisiting if peers such as PLD, EQIX start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for ESS come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Real Estate so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as PLD, EQIX.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for ESS. Last refresh: Sep 18, 2026, 10:56 PM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as PLD, EQIX.
What Essex Property Trust does
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.
Employees
1,686
Industry
REIT - Residential
Headquarters
San Mateo, United States
What analysts expect
ESS carries a hold consensus from 25 analysts, with an average price target of $304.79 versus $270.05 today (+12.9%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
ESS generated $1.98B in trailing revenue (3.1% year over year), with a 20.9% net margin, and $1.04B of free cash flow, against $6.68B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $1.89B | $1.28B | $601.91M | $669.67M | $10.40 | $934.08M |
| 2024 | $1.77B | $1.21B | $528.51M | $741.52M | $11.55 | $931.91M |
| 2023 | $1.67B | $1.14B | $525.43M | $405.82M | $6.32 | $839.69M |
| 2022 | $1.61B | $1.10B | $513.18M | $408.31M | $6.27 | $812.46M |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
How it sits in real estate
REITs and real estate companies offering income through property investments.
The companies it competes with
ESS beside the real estate names it is usually measured against.
What the chart is saying
Essex Property Trust trades at $270.05, 11.0% below its 52-week high. With a beta of 0.71, it shows less sensitivity to what the wider market does.
Questions people ask about it
Is ESS a good buy right now?
Essex Property Trust trades at 42.1x earnings. This is above market average, reflecting growth expectations. Current risk level is Medium based on 16.3% volatility.
Does ESS pay dividends?
Yes, Essex Property Trust offers a dividend yield of 3.83%. That is roughly $10.34 per share a year.
How volatile is ESS?
With 30-day annualized volatility of 16.3% and beta of 0.71, ESS is classified as Medium risk. The stock tends to be more stable than the market average.
What is the analyst price target for ESS?
The average analyst price target for Essex Property Trust (ESS) is $304.79 based on 25 analyst estimates, about 12.9% above the current price of $270.05. The published range runs from $239.00 to $352.00.
How much revenue does ESS generate?
Essex Property Trust reported $1.98B in trailing twelve-month revenue. Revenue growth is running at 3.1% year over year. Net margin sits at 20.9%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.