$ESS

Essex Property Trust (ESS) declared a quarterly dividend of $2.59 per share, payable October 15, 2026, to shareholders of record September 30, 2026. The company is a REIT focused on West Coast multifamily properties, owning 258 communities with over 62,000 apartment homes.

ESS Tech's CEO Drew Buckley stated that existing shareholders would own 5-10% of the combined company under a proposed merger with an unnamed private energy firm, with a $515M enterprise value. The LOI is non-binding, and final terms, including valuation and ownership, will be set in definitive agreements. ESS shares trade around $0.33, and Q2 revenue was $73K, down from $2.4M a year ago. The deal aims to combine ESS's technology with the counterparty's commercial execution. A definitive agreeme

Analysts covering Essex Property Trust (ESS) have a consensus rating of 'Moderate Buy,' with 8 'Strong Buy,' 2 'Moderate Buy,' 14 'Hold,' and 2 'Strong Sell' ratings. Deutsche Bank maintained a 'Buy' rating but lowered its price target to $325, suggesting a 32.8% upside. The average price target is $303.31, implying a 30.7% premium over the current price.

Vivmark Residential, formed from the merger of AvalonBay Communities and Equity Residential, will launch Tuesday on the NYSE with about $54B equity market cap and $70B enterprise value. It will own 634 apartment communities with 184,000+ units, plus 11,100 under construction. The company targets $125M synergies over 18 months.

ESS Inc reported Q2 2026 adjusted net losses of $7.9 million, versus $7.8 million a year earlier. Unrestricted cash was $5.6 million at July 31, 2026. CEO Drew Buckley said ESS is expanding sodium-ion BESS, including an April LOI with Alsym Energy and a July LOI with Juniper Energy. ESS also cited prior contracts and a proposed business combination.

Essex Property Trust (ESS) discussed Q2 2026 results and updated guidance on an earnings call. Core FFO per share exceeded the guidance midpoint by $0.10. The company raised full-year core FFO per share guidance midpoint by $0.20 (1.3%) and lifted same-property NOI growth to 2.8%. Q3 core FFO guidance midpoint is $3.99. Net debt-to-EBITDA is 5.4x.

Multifamily REIT executives said renter demand is holding up as new apartment supply begins to peak, citing stronger absorption and moderating deliveries on Q2 earnings calls. MAA highlighted resilient demand and declining deliveries. AvalonBay and Equity Residential proposed a merger. Camden sold a 11-community California portfolio for about $1.62B. Q2 core FFO per share: AVB $2.86, CPT $1.68, ELS $1.00, MAA $2.08, UDR $0.60, ES $4.08, UDR $0.60, CPC $1.27.

ESS Inc said it added sodium-ion BESS via a partnership with Alsym Energy, adding 8.5GWh of Alsym cells and modules to its portfolio. Juniper Energy plans to procure at least 500MWh of ESS BESS by 2032, contingent on execution. Separately, CATL and Solarpro agreed on 2GWh Na-ion systems in Central and Eastern Europe, building on a prior 602MWh Bulgaria grid connection.

Mizuho named top U.S. REIT picks, rating Cousins Properties (CUZ) and Essex Property Trust (ESS) as Outperform. CUZ gets a $27 target; Mizuho projects FFO of $2.85/share in 2025 to $3.03 in 2027, citing leasing and rent spreads. ESS gets a $308 target (bull $352, bear $237), citing West Coast rent growth and $62M YTD buybacks.

Wall Street Zen downgraded multiple stocks on June 21, including Predictive Oncology (AGPU) to sell from hold, Agape ATP (ATPC) to sell from hold, Bonk (BNKK) to sell from hold, Columbia Financial (CLBK) to sell from hold, and Camden Property Trust (CPT) to sell from hold. It also cut several ratings to hold or buy for companies such as Devon Energy (DVN), fuboTV (FUBO), and Alnylam (ALNY).