NYSE:ESS Essex Property Trust Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Essex Property Trust, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $261.71 +2.27 (+0.87%) (As of 06/24/2022 12:00 AM ET) Add Compare Share Today's Range$259.70▼$262.6250-Day Range$253.94▼$359.3152-Week Range$250.62▼$363.36Volume633,022 shsAverage Volume381,171 shsMarket Capitalization$17.10 billionP/E Ratio43.33Dividend Yield3.39%Price Target$337.07 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive ESS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Essex Property Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address ESS Stock Forecast (MarketRank)Overall MarketRank™3.04 out of 5 starsFinance Sector165th out of 1,363 stocksReal Estate Investment Trusts Industry16th out of 234 stocksAnalyst Opinion: 4.1Community Rank: 4.0Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 - 4.1 Analyst's Opinion Consensus RatingEssex Property Trust has received a consensus rating of Hold. The company's average rating score is 2.28, and is based on 8 buy ratings, 7 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $335.47, Essex Property Trust has a forecasted upside of 28.2% from its current price of $261.71.Amount of Analyst CoverageEssex Property Trust has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Community Rank Outperform VotesEssex Property Trust has received 693 “outperform” votes. (Add your “outperform” vote.)Underperform VotesEssex Property Trust has received 456 “underperform” votes. (Add your “underperform” vote.)Community SentimentEssex Property Trust has received 60.31% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Essex Property Trust and other stocks. Vote “Outperform” if you believe ESS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ESS will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 3.3 Dividend Strength Dividend YieldEssex Property Trust pays a meaningful dividend of 3.39%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEssex Property Trust has been increasing its dividend for 29 years.Dividend CoverageThe dividend payout ratio of Essex Property Trust is 145.70%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Essex Property Trust will have a dividend payout ratio of 57.63% next year. This indicates that Essex Property Trust will be able to sustain or increase its dividend. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Essex Property Trust insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,471,084.00 in company stock.Percentage Held by InsidersOnly 3.70% of the stock of Essex Property Trust is held by insiders.Percentage Held by Institutions96.09% of the stock of Essex Property Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Essex Property Trust are expected to grow by 8.45% in the coming year, from $14.08 to $15.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Essex Property Trust is 43.33, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.72.Price to Earnings Ratio vs. SectorThe P/E ratio of Essex Property Trust is 43.33, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.09.Price to Earnings Growth RatioEssex Property Trust has a PEG Ratio of 2.87. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioEssex Property Trust has a P/B Ratio of 2.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Essex Property Trust (NYSE:ESS)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 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.Read More ESS Stock News HeadlinesJune 24, 2022 | americanbankingnews.comEssex Property Trust (NYSE:ESS) Now Covered by Credit Suisse GroupJune 21, 2022 | americanbankingnews.comEssex Property Trust (NYSE:ESS) PT Set at $333.00 by Evercore ISIJune 19, 2022 | americanbankingnews.comEssex Property Trust, Inc. (NYSE:ESS) Receives $347.20 Average Price Target from AnalystsJune 17, 2022 | nasdaq.comFirst Week of ESS August 19th Options TradingJune 16, 2022 | finance.yahoo.comESS: Lowering target price to $272.00June 11, 2022 | americanbankingnews.comEssex Property Trust (NYSE:ESS) PT Lowered to $352.00June 9, 2022 | seekingalpha.comEssex Property Trust: Nearly Recovered From COVIDJune 9, 2022 | americanbankingnews.comEssex Property Trust (NYSE:ESS) Hits New 52-Week Low at $274.61June 8, 2022 | seekingalpha.comEssex Property Trust: Hefty West Coast Dividend ChecksJune 1, 2022 | americanbankingnews.comEssex Property Trust (NYSE:ESS) Downgraded by BMO Capital Markets to "Market Perform"May 12, 2022 | seekingalpha.comEssex Property Trust declares $2.20 dividendMay 10, 2022 | nasdaq.comEssex Property Trust (ESS) Shares Cross 3% Yield MarkMay 2, 2022 | finance.yahoo.comEssex Property Trust Publishes 2021 Corporate Social Responsibility ReportSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryResidential REITs SectorFinance Current SymbolNYSE:ESS CUSIP29717810 CIK920522 Webwww.essexapartmenthomes.com Phone(650) 655-7800Fax650-494-8743Employees1,757Year FoundedN/ACompany Calendar Ex-Dividend for 4/14 Dividend3/30/2022Dividend Payable4/14/2022Last Earnings4/26/2022Today6/24/2022Ex-Dividend for 7/15 Dividend6/29/2022Dividend Payable7/15/2022Next Earnings (Estimated)8/04/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$335.47 High Stock Price Forecast$400.00 Low Stock Price Forecast$247.00 Forecasted Upside/Downside+28.8%Consensus RatingHold Rating Score (0-4)2.27777777777778 Research Coverage18 Analysts Profitability EPS (Most Recent Fiscal Year)$6.039990 Trailing P/E Ratio43.33 Forward P/E Ratio18.59 P/E Growth2.87Net Income$488.55 million Net Margins26.81% Pretax Margin28.43% Return on Equity5.25% Return on Assets2.51% Debt Debt-to-Equity Ratio0.98 Current Ratio1.41 Quick Ratio1.41 Sales & Book Value Annual Sales$1.44 billion Price / Sales11.87 Cash Flow$14.43 per share Price / Cash Flow18.14 Book Value$94.89 per share Price / Book2.76Miscellaneous Outstanding Shares65,333,000Free Float62,916,000Market Cap$17.10 billion OptionableOptionable Beta0.75 Social Links Essex Property Trust Frequently Asked Questions Should I buy or sell Essex Property Trust stock right now? 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 3 sell ratings, 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Essex Property Trust stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ESS, but not buy additional shares or sell existing shares. View analyst ratings for Essex Property Trust or view top-rated stocks. What is Essex Property Trust's stock price forecast for 2022? 18 Wall Street analysts have issued 12-month target prices for Essex Property Trust's shares. Their ESS stock forecasts range from $247.00 to $400.00. On average, they expect Essex Property Trust's share price to reach $335.47 in the next year. This suggests a possible upside of 28.2% from the stock's current price. View analysts' price targets for Essex Property Trust or view top-rated stocks among Wall Street analysts. How has Essex Property Trust's stock price performed in 2022? Essex Property Trust's stock was trading at $352.23 at the start of the year. Since then, ESS shares have decreased by 25.7% and is now trading at $261.71. View the best growth stocks for 2022 here. When is Essex Property Trust's next earnings date? Essex Property Trust is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for Essex Property Trust. How were Essex Property Trust's earnings last quarter? Essex Property Trust, Inc. (NYSE:ESS) issued its earnings results on Tuesday, April, 26th. The real estate investment trust reported $1.12 EPS for the quarter, missing the consensus estimate of $3.35 by $2.23. Essex Property Trust had a net margin of 26.81% and a trailing twelve-month return on equity of 5.25%. During the same quarter last year, the firm earned $3.07 EPS. View Essex Property Trust's earnings history. How often does Essex Property Trust pay dividends? What is the dividend yield for Essex Property Trust? Essex Property Trust declared a quarterly dividend on Wednesday, May 11th. Investors of record on Thursday, June 30th will be paid a dividend of $2.20 per share on Friday, July 15th. This represents a $8.80 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Wednesday, June 29th. View Essex Property Trust's dividend history. Is Essex Property Trust a good dividend stock? Essex Property Trust(NYSE:ESS) pays an annual dividend of $8.80 per share and currently has a dividend yield of 3.39%. Essex Property Trust has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Essex Property Trust is 145.70%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Essex Property Trust will have a dividend payout ratio of 57.63% next year. This indicates that Essex Property Trust will be able to sustain or increase its dividend. View Essex Property Trust's dividend history. What guidance has Essex Property Trust issued on next quarter's earnings? Essex Property Trust updated its second quarter 2022 earnings guidance on Tuesday, June, 21st. The company provided earnings per share guidance of $3.55-$3.61 for the period. The company issued revenue guidance of -. Who are Essex Property Trust's key executives? Essex Property Trust's management team includes the following people: Mr. Michael J. Schall CPA, Pres, CEO & Director (Age 65, Pay $3.43M) (LinkedIn Profile)Ms. Barbara M. Pak CFA, Exec. VP & CFO (Age 44, Pay $1.78M)Ms. Angela L. Kleiman, Sr. EVP & COO (Age 51, Pay $2.19M) (LinkedIn Profile)Mr. Adam W. Berry, Exec. VP & Chief Investment Officer (Age 48, Pay $1.51M) (LinkedIn Profile)Mr. John Farias, Sr. VP & Chief Accounting Officer (Age 53) (LinkedIn Profile)Rylan Burns, VP of Fin. & Investor RelationsMs. Anne M. Morrison, Sr. VP, Sec. & Gen. CounselSudarshana Rangachary, Sr. VP of HRMr. Jeff Lambert, Sr. VP of Devel. What is Michael Schall's approval rating as Essex Property Trust's CEO? 236 employees have rated Essex Property Trust CEO Michael Schall on Glassdoor.com. Michael Schall has an approval rating of 95% among Essex Property Trust's employees. This puts Michael Schall in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. Who are some of Essex Property Trust's key competitors? Some companies that are related to Essex Property Trust include AvalonBay Communities (AVB), Equity Residential (EQR), Mid-America Apartment Communities (MAA), Sun Communities (SUI), UDR (UDR), Camden Property Trust (CPT), Equity LifeStyle Properties (ELS), American Campus Communities (ACC), Apartment Investment and Management (AIV) and UMH Properties (UMH). View all of ESS's competitors. What other stocks do shareholders of Essex Property Trust own? Based on aggregate information from My MarketBeat watchlists, some companies that other Essex Property Trust investors own include AT&T (T), Intel (INTC), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Realty Income (O), AbbVie (ABBV), Simon Property Group (SPG), McDonald's (MCD), Crown Castle International (CCI) and 3M (MMM). What is Essex Property Trust's stock symbol? Essex Property Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESS." Who are Essex Property Trust's major shareholders? Essex Property Trust's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (16.25%), BlackRock Inc. (9.87%), State Street Corp (7.99%), Cohen & Steers Inc. (7.72%), Principal Financial Group Inc. (4.46%) and Northern Trust Corp (1.69%). Company insiders that own Essex Property Trust stock include Adam W Berry, Angela L Kleiman, Barbara Pak, Byron A Scordelis, Craig K Zimmerman, Irving F Lyons III, Irving F Lyons III, Janice L Sears, John F Burkart, John Farias, Michael J Schall and Thomas E Robinson. View institutional ownership trends for Essex Property Trust. Which major investors are selling Essex Property Trust stock? ESS stock was sold by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Daiwa Securities Group Inc., BlackRock Inc., Centersquare Investment Management LLC, Prudential Financial Inc., Royal Bank of Canada, Canada Pension Plan Investment Board, and Healthcare of Ontario Pension Plan Trust Fund. Company insiders that have sold Essex Property Trust company stock in the last two years include Adam W Berry, Angela L Kleiman, Barbara Pak, Byron A Scordelis, Irving F Lyons III, John Farias, Michael J Schall, and Thomas E Robinson. View insider buying and selling activity for Essex Property Trust or view top insider-selling stocks. Which major investors are buying Essex Property Trust stock? ESS stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Boston Partners, Sumitomo Mitsui Trust Holdings Inc., Vanguard Group Inc., Principal Financial Group Inc., Cbre Investment Management Listed Real Assets LLC, Renaissance Technologies LLC, and Leeward Investments LLC MA. View insider buying and selling activity for Essex Property Trust or or view top insider-buying stocks. How do I buy shares of Essex Property Trust? Shares of ESS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Essex Property Trust's stock price today? One share of ESS stock can currently be purchased for approximately $261.71. How much money does Essex Property Trust make? Essex Property Trust (NYSE:ESS) has a market capitalization of $17.10 billion and generates $1.44 billion in revenue each year. The real estate investment trust earns $488.55 million in net income (profit) each year or $6.039990 on an earnings per share basis. How many employees does Essex Property Trust have? Essex Property Trust employs 1,757 workers across the globe. How can I contact Essex Property Trust? Essex Property Trust's mailing address is 1100 PARK PLACE SUITE 200, SAN MATEO CA, 94403. The official website for Essex Property Trust is www.essexapartmenthomes.com. The real estate investment trust can be reached via phone at (650) 655-7800, via email at [email protected], or via fax at 650-494-8743. This page (NYSE:ESS) was last updated on 6/25/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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