ESSEX PROPERTY TRUST, INC.
At today's price, ESSEX PROPERTY TRUST, INC. (ESS) is priced for -1.1% FFO growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Essex owns roughly 63,000 West Coast apartment homes in markets where projected 2026 new housing supply is less than 1% of the stock, a structural scarcity that lets it raise rents, paired with recovering tech-and-AI-driven demand in Northern California and Seattle. • The biggest specific risk is geographic concentration in a few high-tax, rent-regulated California and Seattle markets that are acutely sensitive to the technology hiring cycle, with full-year same-property NOI growth guided as l
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588 institutional managers reported holding ESS in 13F filings for the quarter ended 2026-03-31. 58 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 1.7M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ESS has cut its share count 0.8% over the past five years, spending $335.60M on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 11 years straight; the current rate is $10.28 a share annually. Cash returned over the past three years: $1.74B in dividends and $50.21M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at ESS over the trailing three years. Absence is a fact about the company, not a signal. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ESS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-29 | -0.9% | -10.6% |
| 2023-10-28 | -1.8% | +20.0% |
| 2024-02-24 | -0.6% | +7.7% |
| 2024-05-02 | -1.0% | +7.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ESS's latest 8-K filings: 2026-05-29 (items 7.01); 2026-05-14 (items 5.07); 2026-04-28 (items 2.02, 9.01); 2026-02-04 (items 2.02, 9.01); 2025-12-12 (items 1.01, 2.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.