NYSE:ESS Essex Property Trust (ESS) Stock Forecast, Price & News $212.09 +1.34 (+0.64%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$210.38▼$215.6350-Day Range$210.74▼$245.5352-Week Range$195.03▼$249.66Volume362,641 shsAverage Volume389,367 shsMarket Capitalization$13.61 billionP/E Ratio25.80Dividend Yield4.36%Price Target$243.20 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Essex Property Trust MarketRank™ ForecastAnalyst RatingHold2.10 Rating ScoreUpside/Downside14.7% Upside$243.20 Price TargetShort InterestHealthy1.76% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.99Upright™ Environmental ScoreNews Sentiment1.18Based on 13 Articles This WeekInsider TradingN/AProj. Earnings Growth3.26%From $15.03 to $15.52 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.96 out of 5 starsFinance Sector101st out of 880 stocksReal Estate Investment Trusts Industry13th out of 182 stocks 3.1 Analyst's Opinion Consensus RatingEssex Property Trust has received a consensus rating of Hold. The company's average rating score is 2.10, and is based on 5 buy ratings, 12 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $243.20, Essex Property Trust has a forecasted upside of 14.7% from its current price of $212.09.Amount of Analyst CoverageEssex Property Trust has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.76% of the float of Essex Property Trust has been sold short.Short Interest Ratio / Days to CoverEssex Property Trust has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Essex Property Trust has recently decreased by 8.20%, indicating that investor sentiment is improving significantly. Previous Next 4.2 Dividend Strength Dividend LeadershipEssex Property Trust is a leading dividend payer. It pays a dividend yield of 4.38%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthEssex Property Trust has been increasing its dividend for 30 years.Dividend CoverageThe dividend payout ratio of Essex Property Trust is 112.41%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Essex Property Trust will have a dividend payout ratio of 59.54% next year. This indicates that Essex Property Trust will be able to sustain or increase its dividend. Previous Next 2.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEssex Property Trust has received a 11.19% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Apartment leasing services", "Renovation of apartment buildings", and "Student housing services" products. See details.Environmental SustainabilityThe Environmental Impact score for Essex Property Trust is -2.99. Previous Next 3.4 News and Social Media Coverage News SentimentEssex Property Trust has a news sentiment score of 1.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Essex Property Trust this week, compared to 6 articles on an average week.Search InterestOnly 5 people have searched for ESS on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.MarketBeat Follows7 people have added Essex Property Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Essex Property Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.80% of the stock of Essex Property Trust is held by insiders.Percentage Held by Institutions92.93% of the stock of Essex Property Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Essex Property Trust are expected to grow by 3.26% in the coming year, from $15.03 to $15.52 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Essex Property Trust is 25.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.97.Price to Earnings Ratio vs. SectorThe P/E ratio of Essex Property Trust is 25.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 70.97.Price to Earnings Growth RatioEssex Property Trust has a PEG Ratio of 2.19. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioEssex Property Trust has a P/B Ratio of 2.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Essex Property Trust (NYSE:ESS) StockEssex 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.Read More ESS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ESS Stock News HeadlinesSeptember 29, 2023 | marketbeat.com4 Reasons Why REITs Will Soar in 2024 (and 2 Tickers to Buy Now)September 28, 2023 | finance.yahoo.comEssex Property Trust Inc: A Detailed Analysis of Dividend Performance and SustainabilitySeptember 30, 2023 | MarketBeat Internal (Ad)MarketBeat's Top 5 Stock Picks - Just ReleasedMarketBeat has just released five new trading ideas to All Access subscribers, but Tesla, Apple, and Netflix didn't make the cut. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. Now, MarketBeat thinks these five stocks may be even better buys. September 27, 2023 | americanbankingnews.comEssex Property Trust (NYSE:ESS) Price Target Cut to $219.00 by Analysts at MizuhoSeptember 25, 2023 | americanbankingnews.comEssex Property Trust, Inc. to Post Q3 2023 Earnings of $3.76 Per Share, Zacks Research Forecasts (NYSE:ESS)September 22, 2023 | americanbankingnews.comEquities Analysts Set Expectations for Essex Property Trust, Inc.'s FY2023 Earnings (NYSE:ESS)September 21, 2023 | americanbankingnews.comEssex Property Trust, Inc. (NYSE:ESS) Forecasted to Earn Q3 2023 Earnings of $3.78 Per ShareSeptember 19, 2023 | benzinga.comCheck Out 3 High-Yielding Dividend Stocks In Real Estate Sector From Wall Street's Most Accurate AnalystsSeptember 30, 2023 | MarketBeat Internal (Ad)MarketBeat's Top 5 Stock Picks - Just ReleasedMarketBeat has just released five new trading ideas to All Access subscribers, but Tesla, Apple, and Netflix didn't make the cut. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. Now, MarketBeat thinks these five stocks may be even better buys. September 15, 2023 | finance.yahoo.comEssex Property Trust, Inc.: U.S. REIT Valuations Offer an Attractive Entry Point for Patient InvestorsSeptember 12, 2023 | markets.businessinsider.comEssex Property (ESS) Gets a Hold from Wells FargoSeptember 12, 2023 | markets.businessinsider.comStifel Nicolaus Remains a Hold on Essex Property (ESS)September 9, 2023 | msn.comCitigroup Downgrades Essex Property Trust (ESS)September 8, 2023 | msn.comEssex Property Trust downgraded to Neutral at Citi as valuation comes into balanceSeptember 8, 2023 | finance.yahoo.comUnveiling Essex Property Trust (ESS)'s Value: Is It Really Priced Right? A Comprehensive GuideSeptember 8, 2023 | markets.businessinsider.comWhat 8 Analyst Ratings Have To Say About Essex Property TrustSeptember 8, 2023 | finance.yahoo.comAdobe upgraded, DigitalOcean double downgraded: Wall Street's top analyst callsAugust 28, 2023 | msn.comTruist Securities Downgrades Essex Property Trust (ESS)August 22, 2023 | markets.businessinsider.comJ.P. Morgan Sticks to Their Hold Rating for Essex Property (ESS)August 21, 2023 | msn.comJP Morgan Maintains Essex Property Trust (ESS) Neutral RecommendationAugust 21, 2023 | finance.yahoo.comEssex Property (ESS) Up 11.6% in 3 Months: Will the Trend Last?August 2, 2023 | markets.businessinsider.comJMP Securities Sticks to Their Hold Rating for Essex Property (ESS)July 29, 2023 | finance.yahoo.comQ2 2023 Essex Property Trust Inc Earnings CallJuly 29, 2023 | seekingalpha.comEssex Property Trust: Don't Mind The California ExposureJuly 28, 2023 | finance.yahoo.comEssex Property Trust, Inc.: Essex Property Trust Earnings: Higher-Than-Anticipated Revenue Growth Leads to Guidance RaiseJuly 28, 2023 | finance.yahoo.comEssex Property (ESS) Q2 FFO & Revenues Beat, '23 View RevisedJuly 28, 2023 | finance.yahoo.comEssex Announces Second Quarter 2023 Results and Raises Full-Year 2023 GuidanceSee More Headlines Receive ESS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Essex Property Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address ESS Company Calendar Last Earnings4/26/2022Ex-Dividend for 7/14 Dividend6/29/2023Dividend Payable7/14/2023Ex-Dividend for 10/13 Dividend9/28/2023Today9/30/2023Dividend Payable10/13/2023Next Earnings (Estimated)10/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryResidential REITs SectorFinance Current SymbolNYSE:ESS CUSIP29717810 CIK920522 Webwww.essexapartmenthomes.com Phone(650) 655-7800Fax650-494-8743Employees1,772Year FoundedN/APrice Target and Rating Average Stock Price Forecast$243.20 High Stock Price Forecast$290.00 Low Stock Price Forecast$200.00 Forecasted Upside/Downside+14.7%Consensus RatingHold Rating Score (0-4)2.10 Research Coverage20 Analysts Profitability EPS (Most Recent Fiscal Year)$8.22 Trailing P/E Ratio25.80 Forward P/E Ratio14.11 P/E Growth2.19Net Income$408.32 million Net Margins32.13% Pretax Margin33.89% Return on Equity9.10% Return on Assets4.29% Debt Debt-to-Equity Ratio1.03 Current Ratio1.27 Quick Ratio1.27 Sales & Book Value Annual Sales$1.61 billion Price / Sales8.47 Cash Flow$14.83 per share Price / Cash Flow14.30 Book Value$91.04 per share Price / Book2.33Miscellaneous Outstanding Shares64,180,000Free Float61,744,000Market Cap$13.61 billion OptionableOptionable Beta0.77 Social Links 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMs. Angela L. Kleiman (Age 52)Pres, CEO & Director Comp: $2.12MMs. Barbara M. Pak CFA (Age 45)Exec. VP & CFO Comp: $1.97MMs. Anne M. Morrison (Age 42)Sr. VP, Chief Compliance Officer, Gen. Counsel & Sec. Comp: $1.05MMr. Rylan BurnsSr. VP of Investment StrategyMr. John Farias (Age 54)Sr. VP & Chief Accounting Officer Sudarshana RangacharySr. VP of HRDmitry TaraschanskySr. VP of Acquisitions & InvestmentsJessica AndersonSr. VP of OperationsMr. Paul Burton MorganSr. VP of Portfolio Strategy & AnalyticsMore ExecutivesKey CompetitorsSun CommunitiesNYSE:SUIMid-America Apartment CommunitiesNYSE:MAAEquity LifeStyle PropertiesNYSE:ELSUDRNYSE:UDRCamden Property TrustNYSE:CPTView All CompetitorsInsiders & InstitutionsBarclays PLCBought 51,887 shares on 9/21/2023Ownership: 0.166%Portside Wealth Group LLCBought 1,632 shares on 9/1/2023Ownership: 0.003%Wolverine Trading LLCBought 400 shares on 8/23/2023Ownership: 0.000%Virginia Retirement Systems ET ALBought 6,170 shares on 8/22/2023Ownership: 0.010%Osaic Holdings Inc.Sold 145 shares on 8/21/2023Ownership: 0.008%View All Insider TransactionsView All Institutional Transactions ESS Stock - Frequently Asked Questions Should I buy or sell Essex Property Trust stock right now? 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. What is Essex Property Trust's stock price forecast for 2023? 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. How have ESS shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting Essex Property Trust? 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. 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) 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. 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 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. What ETFs hold Essex Property Trust's stock? 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). 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 4.38%. 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. 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 (EPS) guidance of $14.88-$15.12 for the period, compared to the consensus 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." 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 $212.09. How much money does Essex Property Trust make? 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. 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 9/30/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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