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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
The perfect AI stock under $10 (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
66,000% upside on tiny biotech? (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
66,000% upside on tiny biotech? (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
The perfect AI stock under $10 (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
66,000% upside on tiny biotech? (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
66,000% upside on tiny biotech? (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
The perfect AI stock under $10 (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
66,000% upside on tiny biotech? (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
66,000% upside on tiny biotech? (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture

Essex Property Trust (ESS) Stock Price, News & Analysis

$229.34
-0.61 (-0.27%)
(As of 02/23/2024 ET)
Today's Range
$227.87
$230.51
50-Day Range
$225.59
$252.83
52-Week Range
$195.03
$252.85
Volume
917,327 shs
Average Volume
419,396 shs
Market Capitalization
$14.72 billion
P/E Ratio
36.35
Dividend Yield
4.03%
Price Target
$243.50

Essex Property Trust MarketRank™ Stock Analysis

Analyst Rating
Hold
2.06 Rating Score
Upside/​Downside
6.2% Upside
$243.50 Price Target
Short Interest
Healthy
2.18% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.24
Upright™ Environmental Score
News Sentiment
1.11mentions of Essex Property Trust in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.64%
From $15.11 to $15.66 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.44 out of 5 stars

Finance Sector

189th out of 832 stocks

Real Estate Investment Trusts Industry

43rd out of 176 stocks

ESS stock logo

About Essex Property Trust Stock (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 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.

ESS Stock Price History

ESS Stock News Headlines

ESS Apr 2024 300.000 call
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Q4 2023 Essex Property Trust Inc Earnings Call
Piper Sandler Reaffirms Their Buy Rating on Essex Property (ESS)
Essex Property Trust Q4 2023 Earnings Preview
Essex Property Q4 FFO Rises
Essex Reports Characteristics of 2023 Dividends
See More Headlines
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Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 1/12 Dividend
12/29/2023
Dividend Payable
1/12/2024
Today
2/24/2024
Ex-Dividend for 4/12 Dividend
3/27/2024
Dividend Payable
4/12/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Residential REITs
CUSIP
29717810
Employees
1,772
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$243.50
High Stock Price Target
$281.00
Low Stock Price Target
$204.00
Potential Upside/Downside
+6.2%
Consensus Rating
Hold
Rating Score (0-4)
2.06
Research Coverage
17 Analysts

Profitability

Net Income
$405.83 million
Pretax Margin
25.80%

Debt

Sales & Book Value

Annual Sales
$1.67 billion
Cash Flow
$14.82 per share
Book Value
$87.15 per share

Miscellaneous

Free Float
61,746,000
Market Cap
$14.72 billion
Optionable
Optionable
Beta
0.80

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Key Executives















ESS Stock Analysis - Frequently Asked Questions

Should I buy or sell Essex Property Trust stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last twelve months. There are currently 3 sell ratings, 10 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ESS shares. 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 ESS analyst ratings
or view top-rated stocks.

What is Essex Property Trust's stock price target for 2024?

17 equities research analysts have issued 12-month price objectives for Essex Property Trust's stock. Their ESS share price targets range from $204.00 to $281.00. On average, they predict the company's share price to reach $243.50 in the next twelve months. This suggests a possible upside of 6.2% from the stock's current price.
View analysts price targets for ESS
or view top-rated stocks among Wall Street analysts.

How have ESS shares performed in 2024?

Essex Property Trust's stock was trading at $247.94 at the beginning of 2024. Since then, ESS stock has decreased by 7.5% and is now trading at $229.34.
View the best growth stocks for 2024 here
.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a increase in short interest in January. As of January 31st, there was short interest totaling 1,390,000 shares, an increase of 8.6% from the January 15th total of 1,280,000 shares. Based on an average daily volume of 416,500 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.2% of the company's stock are sold short.
View Essex Property Trust's Short Interest
.

When is Essex Property Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our ESS earnings forecast
.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust, Inc. (NYSE:ESS) posted its quarterly earnings data 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 24.31% and a trailing twelve-month return on equity of 7.10%. During the same quarter last year, the firm posted $3.07 earnings per share.
Read the conference call transcript
.

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 Thursday, February 22nd. Shareholders of record on Friday, March 29th will be paid a dividend of $2.45 per share on Friday, April 12th. This represents a $9.80 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Wednesday, March 27th. This is a positive change from the stock's previous quarterly dividend of $2.31.
Read our dividend analysis for ESS
.

Is Essex Property Trust a good dividend stock?

Essex Property Trust (NYSE:ESS) pays an annual dividend of $9.24 per share and currently has a dividend yield of 4.02%. ESS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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 is 146.43%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ESS will have a dividend payout ratio of 59.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESS.

What guidance has Essex Property Trust issued on next quarter's earnings?

Essex Property Trust issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share guidance of 3.680-3.800 for the period, compared to the consensus EPS estimate of 3.750. The company issued revenue guidance of -.

What is Michael Schall's approval rating as Essex Property Trust's CEO?

236 employees have rated Essex Property Trust Chief Executive Officer Michael Schall on Glassdoor.com. Michael Schall has an approval rating of 95% among the company's employees. This puts Michael Schall in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 (CCI) and 3M (MMM).

Who are Essex Property Trust's major shareholders?

Essex Property Trust's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.92%), Cohen & Steers Inc. (4.79%), Principal Financial Group Inc. (4.24%), Norges Bank (4.24%), Price T Rowe Associates Inc. MD (2.63%) and Legal & General Group Plc (1.73%). Insiders that own company stock include Adam W Berry, Amal M Johnson, Angela L Kleiman, Barbara Pak, Byron A Scordelis, Irving F Lyons III, Irving F Lyons III, John Farias, Michael J Schall and Thomas E Robinson.
View institutional ownership trends
.

How do I buy shares of Essex Property Trust?

Shares of ESS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ESS) was last updated on 2/25/2024 by MarketBeat.com Staff

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