Essex Property Trust Stock Forecast, Price & News

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.
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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.
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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.
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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.

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.

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.

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.

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 -.

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.

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).
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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).

Essex Property Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESS."

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.

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.
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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.
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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.
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One share of ESS stock can currently be purchased for approximately $261.71.

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.

Essex Property Trust employs 1,757 workers across the globe.

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.