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

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 3 sell ratings, 12 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research 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.

20 brokers have issued 12-month target prices for Essex Property Trust's stock. Their ESS share price forecasts range from $200.00 to $290.00. On average, they predict the company's share price to reach $243.20 in the next year. This suggests a possible upside of 14.7% from the stock's current price.
View analysts price targets for ESS or view top-rated stocks among Wall Street analysts.

Essex Property Trust's stock was trading at $211.92 on January 1st, 2023. Since then, ESS stock has increased by 0.1% and is now trading at $212.09.
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Essex Property Trust saw a drop in short interest in September. As of September 15th, there was short interest totaling 1,120,000 shares, a drop of 8.2% from the August 31st total of 1,220,000 shares. Based on an average daily trading volume, of 407,900 shares, the short-interest ratio is currently 2.7 days. Currently, 1.8% of the shares of the stock are sold short.
View Essex Property Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our ESS earnings forecast.

Essex Property Trust, Inc. (NYSE:ESS) posted its earnings results on Tuesday, April, 26th. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.35 by $2.23. Essex Property Trust had a trailing twelve-month return on equity of 9.10% and a net margin of 32.13%. During the same quarter in the prior year, the business posted $3.07 EPS.
Read the conference call transcript.

Essex Property Trust announced a quarterly dividend on Thursday, September 7th. Investors of record on Friday, September 29th will be given a dividend of $2.31 per share on Friday, October 13th. This represents a $9.24 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for ESS.

ETFs with the largest weight of Essex Property Trust (NYSE:ESS) stock in their portfolio include Kelly Residential & Apartment Real Estate ETF (RESI), Nuveen Short-Term REIT ETF (NURE), Residential REIT ETF (HAUS), iShares Residential and Multisector Real Estate ETF (REZ), Invesco S&P 500 Equal Weight Real Estate ETF (RSPR), Invesco S&P 500 Equal Weight Real Estate ETF (EWRE), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD) and U.S. Diversified Real Estate ETF (PPTY).

Essex Property Trust (NYSE:ESS) pays an annual dividend of $9.24 per share and currently has a dividend yield of 4.38%. 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 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 112.41%. 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 59.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESS.

Essex Property Trust issued an update on its FY23 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $14.88-$15.12 for the period, compared to the consensus estimate of $14.86.

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.

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).

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

Shares of ESS stock 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 $212.09.

Essex Property Trust (NYSE:ESS) has a market capitalization of $13.61 billion and generates $1.61 billion in revenue each year. The real estate investment trust earns $408.32 million in net income (profit) each year or $8.22 on an earnings per share basis.

The company employs 1,772 workers across the globe.

Essex Property Trust's mailing address is 1100 PARK PLACE SUITE 200, SAN MATEO CA, 94403. The official website for the company is www.essexapartmenthomes.com. The real estate investment trust can be reached via phone at (650) 655-7800, via email at rburns@essex.com, or via fax at 650-494-8743.