NYSE:ESS - Essex Property Trust Stock Price, News, & Analysis

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$282.99 +4.65 (+1.67 %)
(As of 04/26/2019 12:43 PM ET)
Previous Close$278.34
Today's Range$278.77 - $283.0950
52-Week Range$226.22 - $294.61
Volume104,035 shs
Average Volume301,876 shs
Market Capitalization$18.59 billion
P/E Ratio22.51
Dividend Yield2.80%
Beta0.48
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 245 apartment communities with an additional 6 properties in various stages of active development.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryResidential REITs
SectorFinance
CUSIP29717810
Phone650-655-7800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.40 billion
Cash Flow$13.1440 per share
Book Value$96.78 per share

Profitability

Net Income$390.15 million

Miscellaneous

Employees1,826
Market Cap$18.59 billion
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable

Essex Property Trust (NYSE:ESS) Frequently Asked Questions

What is Essex Property Trust's stock symbol?

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

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 Friday, February 22nd. Stockholders of record on Friday, March 29th will be given a dividend of $1.95 per share on Friday, April 12th. This represents a $7.80 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, March 28th. This is a boost from Essex Property Trust's previous quarterly dividend of $1.86. View Essex Property Trust's Dividend History.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust Inc (NYSE:ESS) posted its earnings results on Wednesday, April, 24th. The real estate investment trust reported $3.23 earnings per share for the quarter, beating the Zacks' consensus estimate of $3.19 by $0.04. The real estate investment trust had revenue of $356.22 million for the quarter, compared to the consensus estimate of $353.55 million. Essex Property Trust had a net margin of 27.87% and a return on equity of 5.74%. During the same quarter last year, the business earned $3.09 earnings per share. View Essex Property Trust's Earnings History.

When is Essex Property Trust's next earnings date?

Essex Property Trust is scheduled to release their next quarterly earnings announcement on Wednesday, August 7th 2019. View Earnings Estimates for Essex Property Trust.

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

Essex Property Trust issued an update on its FY19 earnings guidance on Wednesday, April, 24th. The company provided earnings per share (EPS) guidance of $12.90-13.25 for the period, compared to the Thomson Reuters consensus estimate of $13.09. Essex Property Trust also updated its FY 2019 guidance to $12.90-13.25 EPS.

What price target have analysts set for ESS?

19 Wall Street analysts have issued 12-month target prices for Essex Property Trust's shares. Their forecasts range from $255.00 to $310.00. On average, they expect Essex Property Trust's share price to reach $279.90 in the next twelve months. This suggests that the stock has a possible downside of 1.0%. View Analyst Price Targets for Essex Property Trust.

What is the consensus analysts' recommendation for Essex Property Trust?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 9 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Essex Property Trust.

Has Essex Property Trust been receiving favorable news coverage?

Media coverage about ESS stock has trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Essex Property Trust earned a news sentiment score of 2.0 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the company's share price in the next several days.

Who are some of Essex Property Trust's key 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 Mcdonald's (MCD), Boeing (BA), Mastercard (MA), Visa (V), Welltower (WELL), Netflix (NFLX), Cisco Systems (CSCO), Gilead Sciences (GILD), Intel (INTC) and NVIDIA (NVDA).

Who are Essex Property Trust's key executives?

Essex Property Trust's management team includes the folowing people:
  • Mr. Michael J. Schall CPA, Pres, CEO & Director (Age 62)
  • Ms. Angela L. Kleiman, Exec. VP & CFO (Age 48)
  • Mr. John D. Eudy, Exec. VP of Devel. & Co-Chief Investment Officer (Age 64)
  • Mr. Craig K. Zimmerman, Exec. VP of Acquisitions & Co-Chief Investment Officer (Age 68)
  • Mr. John F. Burkart, Sr. EVP of Asset Management (Age 55)

Who are Essex Property Trust's major shareholders?

Essex Property Trust's stock is owned by a number of of retail and institutional investors. Top institutional investors include PGGM Investments (1.59%), Resolution Capital Ltd (0.73%), Duff & Phelps Investment Management Co. (0.25%), Hexavest Inc. (0.21%), Strs Ohio (0.15%) and Pacific Heights Asset Management LLC (0.11%). Company insiders that own Essex Property Trust stock include Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, Gary P Martin, Glenn Olnick, Irving F Lyons III, Janice L Sears, John D Eudy, John F Burkart and Michael J Schall. 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 Resolution Capital Ltd, PGGM Investments, Pacific Heights Asset Management LLC, Strs Ohio, Duff & Phelps Investment Management Co., Oppenheimer & Co. Inc., Investec Asset Management PTY Ltd and LS Investment Advisors LLC. Company insiders that have sold Essex Property Trust company stock in the last year include Angela L Kleiman, Byron A Scordelis, Janice L Sears, John D Eudy, John F Burkart and Michael J Schall. View Insider Buying and Selling for Essex Property Trust.

Which major investors are buying Essex Property Trust stock?

ESS stock was acquired by a variety of institutional investors in the last quarter, including Hexavest Inc., BNP Paribas Arbitrage SA, Pennsylvania Trust Co, Timbercreek Investment Management Inc., Pacer Advisors Inc., Virtu Financial LLC, Los Angeles Capital Management & Equity Research Inc. and Nisa Investment Advisors LLC. View Insider Buying and Selling for Essex Property Trust.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Essex Property Trust's stock price today?

One share of ESS stock can currently be purchased for approximately $282.62.

How big of a company is Essex Property Trust?

Essex Property Trust has a market capitalization of $18.57 billion and generates $1.40 billion in revenue each year. The real estate investment trust earns $390.15 million in net income (profit) each year or $12.57 on an earnings per share basis. Essex Property Trust employs 1,826 workers across the globe.

What is Essex Property Trust's official website?

The official website for Essex Property Trust is http://www.essexapartmenthomes.com.

How can I contact Essex Property Trust?

Essex Property Trust's mailing address is 1100 PARK PLACE SUITE 200, SAN MATEO CA, 94403. The real estate investment trust can be reached via phone at 650-655-7800 or via email at [email protected]


MarketBeat Community Rating for Essex Property Trust (NYSE ESS)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  590 (Vote Outperform)
Underperform Votes:  685 (Vote Underperform)
Total Votes:  1,275
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.
This page was last updated on 4/26/2019 by MarketBeat.com Staff

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