Essex Property Trust (ESS) to Release Earnings on Tuesday

Essex Property Trust (NYSE:ESS - Get Free Report) is set to issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $3.74 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Essex Property Trust Price Performance

Shares of NYSE ESS traded up $2.26 during trading on Tuesday, reaching $242.15. The company had a trading volume of 557,070 shares, compared to its average volume of 398,201. Essex Property Trust has a twelve month low of $203.85 and a twelve month high of $252.85. The stock has a market capitalization of $15.55 billion, a PE ratio of 38.38, a price-to-earnings-growth ratio of 3.47 and a beta of 0.80. The stock has a 50-day moving average price of $237.91 and a two-hundred day moving average price of $231.38. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 1.11.

Essex Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $2.45 dividend. This is a positive change from Essex Property Trust's previous quarterly dividend of $2.31. This represents a $9.80 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Wednesday, March 27th. Essex Property Trust's dividend payout ratio is presently 155.31%.

Analyst Ratings Changes

Several research firms recently commented on ESS. The Goldman Sachs Group reiterated a "sell" rating and issued a $227.00 target price on shares of Essex Property Trust in a research note on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft began coverage on Essex Property Trust in a research note on Tuesday, January 30th. They issued a "hold" rating and a $240.00 target price for the company. StockNews.com lowered Essex Property Trust from a "hold" rating to a "sell" rating in a research note on Saturday, April 13th. Royal Bank of Canada boosted their price target on Essex Property Trust from $237.00 to $239.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. Finally, Stifel Nicolaus lowered their price target on Essex Property Trust from $225.00 to $223.00 and set a "hold" rating for the company in a research report on Wednesday, February 7th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $245.37.

About Essex Property Trust

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.