Essex Property Trust Company Profile (NYSE:ESS)

About Essex Property Trust

Essex Property Trust logoEssex Property Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns all of its interest in its real estate and other investments directly or indirectly through Essex Portfolio, L.P. (the Operating Partnership). The Company is engaged in the ownership, operation, management, acquisition, development and redevelopment of apartment communities. Its segments are Southern California, Northern California and Seattle Metro. The Company owns or holds an interest in over 250 communities, aggregating approximately 59,160 apartment homes, located along the West Coast, as well as over four commercial buildings (totaling approximately 319,080 square feet), and over eight active development projects with approximately 2,450 apartment homes in various stages of development. It invests primarily in apartment communities located in predominantly coastal markets within Southern California, the San Francisco Bay Area and the Seattle metropolitan area.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Residential
  • Sub-Industry: Residential REITs
  • Exchange: NYSE
  • Symbol: ESS
  • CUSIP: 29717810
Key Metrics:
  • Previous Close: $225.63
  • 50 Day Moving Average: $226.31
  • 200 Day Moving Average: $225.57
  • 52-Week Range: $191.25 - $244.71
  • Trailing P/E Ratio: 54.65
  • Foreward P/E Ratio: 19.10
  • P/E Growth: 2.65
  • Market Cap: $14.88B
  • Outstanding Shares: 65,494,000
  • Beta: 0.85
Profitability:
  • Net Margins: 22.25%
  • Return on Equity: 4.38%
  • Return on Assets: 2.27%
Debt:
  • Debt-to-Equity Ratio: 0.90%
  • Current Ratio: 1.62%
  • Quick Ratio: 1.62%
Additional Links:
Companies Related to Essex Property Trust:

Analyst Ratings

Consensus Ratings for Essex Property Trust (NYSE:ESS) (?)
Ratings Breakdown: 13 Hold Ratings, 9 Buy Ratings
Consensus Rating:Hold (Score: 2.41)
Consensus Price Target: $245.50 (8.81% upside)

Analysts' Ratings History for Essex Property Trust (NYSE:ESS)
Show:
DateFirmActionRatingPrice TargetDetails
8/25/2016BTIG ResearchInitiated CoverageBuy$260.00View Rating Details
8/10/2016Jefferies GroupBoost Price TargetHold$209.00 -> $210.00View Rating Details
8/1/2016Canaccord GenuityReiterated RatingHold$246.00 -> $239.00View Rating Details
7/19/2016Barclays PLCBoost Price TargetEqual Weight$242.00 -> $243.00View Rating Details
7/15/2016Evercore Partners Inc.Reiterated RatingBuy -> HoldView Rating Details
7/15/2016Evercore ISIDowngradeBuy -> Hold$244.00 -> $243.00View Rating Details
6/4/2016Cantor FitzgeraldReiterated RatingBuyView Rating Details
5/16/2016Capital One Financial Corp.UpgradeEqual Weight -> OverweightView Rating Details
5/5/2016Raymond James Financial Inc.UpgradeMarket Perform -> Outperform$250.00View Rating Details
5/2/2016Sandler O'NeillDowngradeBuy -> HoldView Rating Details
5/2/2016MizuhoDowngradeBuy -> Neutral$249.00 -> $238.00View Rating Details
4/30/2016Credit Suisse Group AGReiterated RatingHoldView Rating Details
3/4/2016SunTrust Banks Inc.UpgradeNeutral -> Buy$262.00 -> $257.00View Rating Details
3/2/2016JPMorgan Chase & Co.Lower Price TargetOverweight$259.00 -> $250.00View Rating Details
2/10/2016Zelman & AssociatesUpgradeSell -> HoldView Rating Details
2/9/2016Royal Bank Of CanadaReiterated RatingOutperform$258.00 -> $253.00View Rating Details
1/12/2016Cowen and CompanyDowngradeOutperform -> Market Perform$245.00 -> $248.00View Rating Details
12/16/2015BMO Capital MarketsLower Price TargetMarket Perform$238.00View Rating Details
12/8/2015Mitsubishi UFJ Financial Group Inc.Reiterated RatingNeutralView Rating Details
11/10/2015BB&T Corp.Initiated CoverageBuy$259.50View Rating Details
11/2/2015Citigroup Inc.Boost Price TargetNeutral$205.00 -> $235.00View Rating Details
10/20/2015JMP SecuritiesReiterated RatingMarket Outperform$240.00 -> $250.00View Rating Details
9/18/2015DA DavidsonInitiated CoverageNeutral$237.00View Rating Details
8/3/2015MLV & Co.Reiterated RatingHold$237.00View Rating Details
5/8/2015Robert W. BairdUpgradeNeutral -> Outperform$239.00 -> $248.00View Rating Details
4/24/2015Morgan StanleyReiterated RatingOverweightView Rating Details
4/9/2015Janney Montgomery ScottInitiated CoverageNeutral$231.00View Rating Details
(Data available from 9/30/2014 forward)

Earnings

Earnings History for Essex Property Trust (NYSE:ESS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/27/2016        
7/29/2016Q216$2.70$2.74$319.00 millionViewN/AView Earnings Details
4/28/2016Q116$2.61$2.68$311.26 millionViewN/AView Earnings Details
2/4/2016Q415$2.50$2.63$308.00 millionViewN/AView Earnings Details
10/29/2015Q315$2.44$2.49$301.70 millionViewListenView Earnings Details
7/30/2015Q215$2.32$2.38$288.28 millionViewListenView Earnings Details
5/6/2015Q115$2.23$2.29$279.40 millionViewN/AView Earnings Details
2/4/2015Q414$2.22$2.24$273.50 millionViewN/AView Earnings Details
10/30/2014Q314$1.91$2.16$263.10 millionViewN/AView Earnings Details
8/6/2014Q214$1.64$1.72$257.61 millionViewN/AView Earnings Details
5/7/2014Q114$1.97$2.20$170.14 millionViewN/AView Earnings Details
1/31/2014Q413$1.95$1.94$156.29 millionViewN/AView Earnings Details
10/30/2013Q313$1.90$1.91$154.21 millionViewN/AView Earnings Details
7/31/20132Q13$1.87$1.88$150.34 millionViewN/AView Earnings Details
5/1/2013Q113$1.87$1.87$146.10 millionViewN/AView Earnings Details
1/31/2013Q412$1.75$1.81$139.18 millionViewN/AView Earnings Details
10/31/2012$1.68$1.71ViewN/AView Earnings Details
8/1/2012$1.64$1.66ViewN/AView Earnings Details
5/2/2012$1.60$1.63ViewN/AView Earnings Details
2/1/2012$1.53$1.55ViewN/AView Earnings Details
11/2/2011$1.42$1.42ViewN/AView Earnings Details
8/3/2011$1.35$1.40ViewN/AView Earnings Details
5/5/2011$1.41$1.44ViewN/AView Earnings Details
2/3/2011$1.36$1.28ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Essex Property Trust (NYSE:ESS)
Current Year EPS Consensus Estimate: $11.01 EPS
Next Year EPS Consensus Estimate: $11.81 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20164$2.58$2.69$2.62
Q2 20164$2.69$2.71$2.70
Q3 20164$2.73$2.77$2.76
Q4 20165$2.75$2.86$2.82
Q1 20171$2.92$2.92$2.92
Q2 20171$3.01$3.01$3.01
Q3 20171$3.03$3.03$3.03
Q4 20171$3.10$3.10$3.10
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Essex Property Trust (NYSE:ESS)
Annual Dividend:$6.40
Dividend Yield:2.84%
Dividend Growth:9.00% (3 Year Average)
Payout Ratio:153.85% (Based on Trailing 12 Months of Earnings)
58.13% (Based on Current Year Consensus EPS Estimate)
54.19% (Based on Next Year Consensus EPS Estimate)
Track Record:22 Years of Consecutive Dividend Growth

Dividend History for Essex Property Trust (NYSE:ESS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/21/2016quarterly$1.602.77%9/28/20169/30/201610/14/2016
5/20/2016quarterly$1.602.88%6/28/20166/30/20167/15/2016
2/19/2016quarterly$1.603.09%3/29/20163/31/20164/15/2016
12/16/2015quarterly$1.442.41%12/30/20151/4/20161/15/2016
9/16/2015quarterly$1.442.62%9/28/20159/30/201510/15/2015
5/26/2015quarterly$1.442.57%6/26/20156/30/20157/15/2015
2/25/2015quarterly$1.442.61%3/27/20153/31/20154/15/2015
12/17/2014quarterly$1.302.5%12/30/20141/2/20151/15/2015
9/10/2014quarterly$1.302.75%9/26/20149/30/201410/15/2014
6/11/2014quarterly$1.302.9%6/26/20146/30/20147/15/2014
1/31/2014quarterly$1.213.06%3/12/20143/14/20143/31/2014
12/5/2013quarterly$1.213.14%12/30/20131/2/20141/15/2014
9/11/2013quarterly$1.213.23%9/26/20139/30/201310/15/2013
5/16/2013quarterly$1.212.88%6/26/20136/28/20137/15/2013
2/20/2013quarterly$1.213.2%3/26/20133/28/20134/15/2013
12/9/2012quarterly$1.103.09%12/28/20121/2/20131/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Essex Property Trust (NYSE:ESS)
Insider Ownership Percentage: 3.50%
Institutional Ownership Percentage: 98.99%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/1/2016John D EudyInsiderSell2,500$226.41$566,025.00View SEC Filing  
8/9/2016Keith R GuerickeDirectorSell5,000$233.49$1,167,450.00View SEC Filing  
7/5/2016Michael J SchallCEOSell10,000$222.23$2,222,300.00View SEC Filing  
5/5/2016Irving F Lyons IIIDirectorSell2,678$228.67$612,378.26View SEC Filing  
2/11/2016David W. BradyDirectorSell2,500$194.03$485,075.00View SEC Filing  
12/18/2015John F. BurkartEVPSell3,000$236.85$710,550.00View SEC Filing  
12/15/2015Angela L. KleimanCFOSell1,800$233.25$419,850.00View SEC Filing  
12/15/2015John D. EudyEVPSell5,900$233.79$1,379,361.00View SEC Filing  
12/14/2015John F. BurkartEVPSell1,000$232.03$232,030.00View SEC Filing  
12/4/2015Thomas P SullivanDirectorSell2,500$233.86$584,650.00View SEC Filing  
11/2/2015Gary P. MartinDirectorSell2,500$224.39$560,975.00View SEC Filing  
8/18/2015John F. BurkartinsiderSell3,500$232.03$812,105.00View SEC Filing  
8/18/2015Michael J SchallCEOSell10,000$232.03$2,320,300.00View SEC Filing  
2/9/2015Erik J AlexanderSVPSell7,500$222.60$1,669,500.00View SEC Filing  
2/9/2015John D EudyEVPSell3,500$222.25$777,875.00View SEC Filing  
2/9/2015Michael J SchallCEOSell11,500$222.11$2,554,265.00View SEC Filing  
2/9/2015Michael T DanceCFOSell9,000$222.31$2,000,790.00View SEC Filing  
1/7/2015Michael J SchallCEOSell8,000$216.25$1,730,000.00View SEC Filing  
12/4/2014John D EudyEVPSell11,000$201.70$2,218,700.00View SEC Filing  
12/4/2014Michael T DanceCFOSell4,000$201.48$805,920.00View SEC Filing  
10/31/2014Michael J SchallCEOSell4,000$200.00$800,000.00View SEC Filing  
9/5/2014Erik J AlexanderEVPSell1,000$194.17$194,170.00View SEC Filing  
6/6/2014Michael T DanceCFOSell2,000$185.23$370,460.00View SEC Filing  
2/11/2014Gary MartinDirectorSell1,000$168.66$168,660.00View SEC Filing  
8/6/2013Bryan Gerald HuntCAOSell1,150$158.45$182,217.50View SEC Filing  
8/5/2013Michael DanceCFOSell6,000$159.03$954,180.00View SEC Filing  
5/22/2013John D EudyEVPSell3,000$170.20$510,600.00View SEC Filing  
5/17/2013Gary P MartinDirectorSell1,500$166.67$250,005.00View SEC Filing  
5/15/2013Erik J AlexanderSVPSell1,791$164.91$295,353.81View SEC Filing  
12/3/2012Erik J AlexanderSVPSell2,000$141.69$283,380.00View SEC Filing  
11/13/2012Bryan Gerald HuntCAOSell1,219$141.80$172,854.20View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Essex Property Trust (NYSE:ESS)
DateHeadline
publicnow.com logoHappy National Coffee Day! (NYSE:ESS)
www.publicnow.com - September 30 at 10:00 AM
capitalcube.com logoEssex Property Trust, Inc. breached its 50 day moving average in a Bearish Manner : ESS-US : September 30, 2016 (NYSE:ESS)
www.capitalcube.com - September 30 at 10:00 AM
News IconEssex Property Trust Inc. (ESS) Plans $1.60 Quarterly Dividend (NYSE:ESS)
alltechnews.org - September 23 at 4:40 PM
finance.yahoo.com logoEssex Property Trust Declares Quarterly Distributions (NYSE:ESS)
finance.yahoo.com - September 21 at 9:05 AM
News IconHigh Market Cap Stock of the Day – Essex Property Trust Inc. (NYSE:ESS) (NYSE:ESS)
twincountynews.com - September 20 at 8:40 AM
thestreet.com logoThe Top 10 Must-Have Dividend-Growth Stocks (NYSE:ESS)
www.thestreet.com - September 19 at 3:47 PM
4-traders.com logoEssex Property Trust : 3 Career Success Tips from the Essex IT MVP of the Year (NYSE:ESS)
www.4-traders.com - September 17 at 9:35 AM
publicnow.com logo3 Career Success Tips from the Essex IT MVP of the Year (NYSE:ESS)
www.publicnow.com - September 16 at 4:47 PM
capitalcube.com logoEssex Property Trust, Inc. breached its 50 day moving average in a Bullish Manner : ESS-US : September 7, 2016 (NYSE:ESS)
www.capitalcube.com - September 15 at 5:17 PM
publicnow.com logoBest Football Gear for Your Pup (NYSE:ESS)
www.publicnow.com - September 15 at 5:17 PM
nasdaq.com logoEssex Property Trust Breaks Below 200-Day Moving Average - Notable for ESS (NYSE:ESS)
www.nasdaq.com - September 10 at 9:29 AM
seekingalpha.com logoEssex Looks Attractive Against A Favorable Macro Backdrop (NYSE:ESS)
seekingalpha.com - September 8 at 8:44 AM
finance.yahoo.com logoEssex Property Trust to Present at the 2016 Evercore ISI Annual Real Estate Conference (NYSE:ESS)
finance.yahoo.com - September 6 at 4:48 PM
publicnow.com logoAgora at South Main's Grand Opening (NYSE:ESS)
www.publicnow.com - August 30 at 4:57 PM
publicnow.com logoEssex Celebrates National Dog Day (NYSE:ESS)
www.publicnow.com - August 30 at 4:57 PM
bizjournals.com logoAdvocates for transit-oriented development push back against anti-density foes (NYSE:ESS)
www.bizjournals.com - August 25 at 10:09 PM
bizjournals.com logoThe push for density around transit pushes back against little appetite for housing near stations (NYSE:ESS)
feeds.bizjournals.com - August 25 at 3:13 PM
News IconEssex Property Trust Inc. (NYSE:ESS) from REIT – Residential – Todays Top Gains (NYSE:ESS)
twincountynews.com - August 24 at 4:49 PM
4-traders.com logoEssex Property Trust : & Housing Industry Foundation Team Up (NYSE:ESS)
www.4-traders.com - August 23 at 10:02 PM
capitalcube.com logoETF’s with exposure to Essex Property Trust, Inc. : August 23, 2016 (NYSE:ESS)
www.capitalcube.com - August 23 at 5:00 PM
publicnow.com logoEssex & Housing Industry Foundation Team Up (NYSE:ESS)
www.publicnow.com - August 23 at 5:00 PM
publicnow.com logoEssex Workday: Renovating Salvation Army Rehabilitation Center (NYSE:ESS)
www.publicnow.com - August 23 at 9:13 AM
capitalcube.com logoEssex Property Trust, Inc. breached its 50 day moving average in a Bearish Manner : ESS-US : August 22, 2016 (NYSE:ESS)
www.capitalcube.com - August 22 at 9:33 AM
News IconREIT – Residential: Essex Property Trust Inc. (NYSE:ESS) Position of the day (NYSE:ESS)
twincountynews.com - August 20 at 9:07 AM
4-traders.com logoEssex Property Trust : Luxe Apartment Living in Downtown Walnut Creek (NYSE:ESS)
www.4-traders.com - August 18 at 4:53 PM
publicnow.com logoEssex Skyline Fashion Showcase (NYSE:ESS)
www.publicnow.com - August 17 at 10:10 PM
News IconLarge Cap REIT – Residential: Essex Property Trust Inc. (NYSE:ESS) (NYSE:ESS)
twincountynews.com - August 17 at 5:04 PM
News IconTop Gainers of the Day: Essex Property Trust Inc. (NYSE:ESS) from REIT – Residential (NYSE:ESS)
twincountynews.com - August 17 at 6:12 AM
marketnewsvideo.com logoUnited Continental Holdings Takes Over #291 Spot From Essex Property Trust (NYSE:ESS)
www.marketnewsvideo.com - August 11 at 10:44 PM
fidaily.com logoInsider Trading Activity – Essex Property Trust, Inc. Comm (NYSE:ESS) (NYSE:ESS)
www.fidaily.com - August 11 at 10:44 PM
publicnow.com logoUnique Botanical Wall Ideas (NYSE:ESS)
www.publicnow.com - August 9 at 9:10 PM
News IconIs Essex Property Trust Inc. (NYSE:ESS), a large market cap stock a smart buy? (NYSE:ESS)
twincountynews.com - August 9 at 6:28 AM
finance.yahoo.com logoESSEX PROPERTY TRUST INC Financials (NYSE:ESS)
finance.yahoo.com - August 6 at 5:12 PM
News IconLeading stocks in today’s market: Essex Property Trust Inc. (NYSE:ESS) (NYSE:ESS)
twincountynews.com - August 5 at 4:57 PM
News IconUpdate on Essex Property Trust Inc. (NYSE:ESS) for the day (NYSE:ESS)
twincountynews.com - August 4 at 5:09 PM
capitalcube.com logoEssex Property Trust, Inc. :ESS-US: Earnings Analysis: Q2, 2016 By the Numbers : August 3, 2016 (NYSE:ESS)
www.capitalcube.com - August 3 at 5:04 PM
publicnow.com logoTop 5 Reasons to Move to The Galloway, If You’re a Foodie (NYSE:ESS)
www.publicnow.com - August 2 at 10:30 PM
capitalcube.com logoEssex Property Trust, Inc. breached its 50 day moving average in a Bullish Manner : ESS-US : August 1, 2016 (NYSE:ESS)
www.capitalcube.com - August 1 at 4:50 PM
biz.yahoo.com logoESSEX PROPERTY TRUST INC Files SEC form 10-Q, Quarterly Report (NYSE:ESS)
biz.yahoo.com - August 1 at 4:50 PM
equities.com logoEssex Property Trust Inc. (ESS) Pops 6.02% for July 29 (NYSE:ESS)
www.equities.com - July 29 at 10:14 PM
finance.yahoo.com logoEdited Transcript of ESS earnings conference call or presentation 29-Jul-16 6:00pm GMT (NYSE:ESS)
finance.yahoo.com - July 29 at 9:26 PM
finance.yahoo.com logoEssex Property (ESS) Q2 FFO and Revenues Beat Estimates (NYSE:ESS)
finance.yahoo.com - July 29 at 3:08 PM
marketwired.com logoEssex Announces Second Quarter 2016 Results (NYSE:ESS)
www.marketwired.com - July 28 at 9:23 PM
rttnews.com logoEssex Property Trust Inc. Bottom Line Rises 15% In Q2 (NYSE:ESS)
www.rttnews.com - July 28 at 9:23 PM
twst.com logoEssex Property Trust Inc.: Essex Announces Second Quarter 2016 Results (NYSE:ESS)
www.twst.com - July 28 at 9:23 PM
biz.yahoo.com logoESSEX PROPERTY TRUST INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and (NYSE:ESS)
biz.yahoo.com - July 28 at 5:06 PM
sg.finance.yahoo.com logoEssex Property Trust reports 2Q results (NYSE:ESS)
sg.finance.yahoo.com - July 28 at 4:54 PM
nasdaq.com logoAgree To Buy Essex Property Trust At $200, Earn 5.9% Annualized Using Options (NYSE:ESS)
www.nasdaq.com - July 28 at 3:37 PM
biz.yahoo.com logoQ2 2016 Essex Property Trust Inc Earnings Release - After Market Close (NYSE:ESS)
biz.yahoo.com - July 28 at 7:07 AM
fidaily.com logoConning Inc. Sold A Little More Essex Property Trust, Inc. Comm (ESS) Stock (NYSE:ESS)
www.fidaily.com - July 27 at 7:51 AM

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Essex Property Trust (NYSE:ESS) Chart for Friday, September, 30, 2016


Last Updated on 9/30/2016 by MarketBeat.com Staff