Essex Property Trust Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research 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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Wall Street analysts have given Essex Property Trust a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Essex Property Trust wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Essex Property Trust is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Essex Property Trust.

Essex Property Trust, Inc. (NYSE:ESS) released its earnings results on Tuesday, April, 27th. The real estate investment trust reported $2.59 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $3.04 by $0.45. Essex Property Trust had a trailing twelve-month return on equity of 6.58% and a net margin of 28.95%. During the same quarter last year, the business posted $3.48 EPS.
View Essex Property Trust's earnings history.

Essex Property Trust's stock was trading at $277.54 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ESS stock has increased by 10.3% and is now trading at $306.23.
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Essex Property Trust declared a quarterly dividend on Wednesday, May 12th. Shareholders of record on Wednesday, June 30th will be paid a dividend of $2.09 per share on Thursday, July 15th. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, June 29th.
View Essex Property Trust's dividend history.

Essex Property Trust pays an annual dividend of $8.36 per share and currently has a dividend yield of 2.72%. Essex Property Trust has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Essex Property Trust is 65.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Essex Property Trust will have a dividend payout ratio of 63.91% 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 issued an update on its FY 2021 earnings guidance on Tuesday, June, 22nd. The company provided earnings per share guidance of $12.020-12.460 for the period. The company issued revenue guidance of -.

14 Wall Street analysts have issued 12-month target prices for Essex Property Trust's shares. Their forecasts range from $217.00 to $351.00. On average, they anticipate Essex Property Trust's stock price to reach $295.87 in the next twelve months. This suggests that the stock has a possible downside of 3.4%.
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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), Sun Communities (SUI), Mid-America Apartment Communities (MAA), UDR (UDR), Equity LifeStyle Properties (ELS), Camden Property Trust (CPT), American Campus Communities (ACC), Apartment Investment and Management (AIV) and UMH Properties (UMH).
View all of ESS's competitors.

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.19%), Cohen & Steers Inc. (7.99%), Principal Financial Group Inc. (4.42%), JPMorgan Chase & Co. (2.30%), Geode Capital Management LLC (2.06%) and Daiwa Securities Group Inc. (1.93%). Company insiders that own Essex Property Trust stock include Adam W Berry, Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, 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 Royal Bank of Canada, Russell Investments Group Ltd., Price T Rowe Associates Inc. MD, Cohen & Steers Inc., Daiwa Securities Group Inc., D. E. Shaw & Co. Inc., Canada Pension Plan Investment Board, and Amundi Asset Management US Inc..
View insider buying and selling activity for Essex Property Trust or view top insider-selling stocks.

ESS stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, JPMorgan Chase & Co., BlackRock Inc., Centersquare Investment Management LLC, Prudential Financial Inc., O Shaughnessy Asset Management LLC, Morgan Stanley, and UBS Group AG.
View insider buying and selling activity for Essex Property Trust or or view top insider-buying stocks.

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 $306.23.

Essex Property Trust has a market capitalization of $19.90 billion and generates $1.50 billion in revenue each year. The real estate investment trust earns $568.87 million in net income (profit) each year or $12.82 on an earnings per share basis.

Essex Property Trust employs 1,799 workers across the globe.

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

Essex Property Trust is headquartered at 1100 PARK PLACE SUITE 200, SAN MATEO CA, 94403.

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]