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

$219.10
-4.77 (-2.13%)
(As of 09/21/2023 ET)
Compare
Today's Range
$218.98
$223.92
50-Day Range
$222.08
$245.53
52-Week Range
$195.03
$252.41
Volume
464,931 shs
Average Volume
449,960 shs
Market Capitalization
$14.06 billion
P/E Ratio
26.65
Dividend Yield
4.22%
Price Target
$243.30

Essex Property Trust MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
11.0% Upside
$243.30 Price Target
Short Interest
Healthy
1.91% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.99
Upright™ Environmental Score
News Sentiment
1.19mentions of Essex Property Trust in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.27%
From $15.00 to $15.49 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.86 out of 5 stars

Finance Sector

300th out of 837 stocks

Real Estate Investment Trusts Industry

56th out of 179 stocks


ESS stock logo

About Essex Property Trust (NYSE:ESS) Stock

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 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.

ESS Price History

ESS Stock News Headlines

Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Essex Property (ESS) Gets a Hold from Wells Fargo
Stifel Nicolaus Remains a Hold on Essex Property (ESS)
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
What 8 Analyst Ratings Have To Say About Essex Property Trust
J.P. Morgan Sticks to Their Hold Rating for Essex Property (ESS)
JMP Securities Sticks to Their Hold Rating for Essex Property (ESS)
Q2 2023 Essex Property Trust Inc Earnings Call
BMO Capital Keeps Their Sell Rating on Essex Property (ESS)
See More Headlines
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ESS Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Today
9/21/2023
Ex-Dividend for 10/13 Dividend
9/28/2023
Dividend Payable
10/13/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Residential REITs
Sector
Finance
CUSIP
29717810
Employees
1,772
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$243.30
High Stock Price Forecast
$290.00
Low Stock Price Forecast
$200.00
Forecasted Upside/Downside
+11.0%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
21 Analysts

Profitability

Net Income
$408.32 million
Pretax Margin
33.89%

Debt

Sales & Book Value

Annual Sales
$1.61 billion
Cash Flow
$14.54 per share
Book Value
$91.04 per share

Miscellaneous

Free Float
61,744,000
Market Cap
$14.06 billion
Optionable
Optionable
Beta
0.77

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Key Executives

  • Ms. Angela L. KleimanMs. Angela L. Kleiman (Age 52)
    Pres, CEO & Director
    Comp: $2.12M
  • Ms. Barbara M. Pak CFA (Age 45)
    Exec. VP & CFO
    Comp: $1.97M
  • Ms. Anne M. Morrison (Age 42)
    Sr. VP, Chief Compliance Officer, Gen. Counsel & Sec.
    Comp: $1.05M
  • Mr. Rylan Burns
    Sr. VP of Investment Strategy
  • Mr. John  FariasMr. John Farias (Age 54)
    Sr. VP & Chief Accounting Officer
  • Sudarshana Rangachary
    Sr. VP of HR
  • Dmitry Taraschansky
    Sr. VP of Acquisitions & Investments
  • Jessica Anderson
    Sr. VP of Operations
  • Mr. Paul Burton Morgan
    Sr. VP of Portfolio Strategy & Analytics













ESS Stock - Frequently Asked Questions

Should I buy or sell Essex Property Trust stock right now?

21 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 6 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.

What is Essex Property Trust's stock price forecast for 2023?

21 Wall Street analysts have issued 12-month price targets for Essex Property Trust's stock. Their ESS share price forecasts range from $200.00 to $290.00. On average, they anticipate the company's share price to reach $243.30 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price.
View analysts price targets for ESS
or view top-rated stocks among Wall Street analysts.

How have ESS shares performed in 2023?

Essex Property Trust's stock was trading at $211.92 at the start of the year. Since then, ESS stock has increased by 3.4% and is now trading at $219.10.
View the best growth stocks for 2023 here
.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a decline in short interest in the month of August. As of August 15th, there was short interest totaling 1,280,000 shares, a decline of 5.9% from the July 31st total of 1,360,000 shares. Based on an average daily volume of 427,400 shares, the short-interest ratio is presently 3.0 days. Approximately 2.0% of the shares of the stock are short sold.
View Essex Property Trust's Short Interest
.

When is Essex Property Trust's next earnings date?

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

How were Essex Property Trust's earnings last quarter?

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

How often does Essex Property Trust pay dividends? What is the dividend yield for Essex Property Trust?

Essex Property Trust announced a quarterly dividend on Thursday, September 7th. Investors of record on Friday, September 29th will be paid a dividend of $2.31 per share on Friday, October 13th. This represents a $9.24 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for ESS
.

Is Essex Property Trust a good dividend stock?

Essex Property Trust (NYSE:ESS) pays an annual dividend of $9.24 per share and currently has a dividend yield of 4.16%. 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 59.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESS.

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

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

What is Michael Schall's approval rating as Essex Property Trust's CEO?

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.

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 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).

What is Essex Property Trust's stock symbol?

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

Who are Essex Property Trust's major shareholders?

Essex Property Trust's stock is owned by a number of institutional and retail investors. Top institutional investors include State Street Corp (10.48%), BlackRock Inc. (9.90%), Principal Financial Group Inc. (4.36%), Cohen & Steers Inc. (3.39%), Geode Capital Management LLC (2.32%) and Dimensional Fund Advisors LP (1.44%). Insiders that own company stock include Adam W Berry, Amal M Johnson, Angela L Kleiman, Barbara Pak, Byron A Scordelis, Irving F Lyons III, Irving F Lyons III, John Farias, Michael J Schall and Thomas E Robinson.
View institutional ownership trends
.

How do I buy shares of Essex Property Trust?

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.
Compare Top Brokerages Here.

What is Essex Property Trust's stock price today?

One share of ESS stock can currently be purchased for approximately $219.10.

How much money does Essex Property Trust make?

Essex Property Trust (NYSE:ESS) has a market capitalization of $14.06 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.

How many employees does Essex Property Trust have?

The company employs 1,772 workers across the globe.

How can I contact Essex Property Trust?

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.

This page (NYSE:ESS) was last updated on 9/21/2023 by MarketBeat.com Staff

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