ESSEX PROPERTY TRUST, INC. (ESS)
Real Estate Investment Trusts
Latest Price
$284.14
TTM P/E
31.96
Normalized P/E
33.66
Div Yield
3.62%
Book Value
84.33
P/B Ratio
3.37
Valuation metrics
adjust assumptions →EPS: $10.40
Book value / share: $85.99
Formula: √(22.5 × EPS × BVPS)
Graham Number
$141.85
50% downside
Norm. op. income: $584M (median of 7yr)
Tax rate: 25%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$59.28
79% downside
EPS: $10.40
Target P/E: 34×
Formula: EPS × P/E
P/E Fair Value
$353.60
+24% upside
Institutional Ownership
93.5% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 7.26M | $1.75B | 11.28% | +306.3K | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 5.49M | $1.33B | 8.53% | -- | 2026-03-31 |
| STATE STREET CORP | 5.23M | $1.28B | 8.13% | -22.2K | 2026-03-31 |
| COHEN & STEERS, INC. | 4.84M | $1.17B | 7.53% | -1.16M | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 4.20M | $1.01B | 6.53% | -- | 2026-03-31 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 3.35M | $810.0M | 5.21% | -9.6K | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 1.92M | $464.0M | 2.99% | +50.8K | 2026-03-31 |
| PRINCIPAL FINANCIAL GROUP INC | 1.67M | $403.0M | 2.59% | -11.6K | 2026-03-31 |
| DIMENSIONAL FUND ADVISORS LP | 995.8K | $240.0M | 1.55% | +57.2K | 2026-03-31 |
| Invesco Ltd. | 939.2K | $227.0M | 1.46% | +104.2K | 2026-03-31 |