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S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Abbott Laboratories Outlook is Healthy: Buy the Dip
Stock market today: World shares are mixed after a tech-led retreat on Wall Street
Closing prices for crude oil, gold and other commodities
Prologis Stock Leading U.S. Logistics Boom
Predicting a Bear Market: 7 Signs and Why it's Tough to Do
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Abbott Laboratories Outlook is Healthy: Buy the Dip
Stock market today: World shares are mixed after a tech-led retreat on Wall Street
Closing prices for crude oil, gold and other commodities
Prologis Stock Leading U.S. Logistics Boom
Predicting a Bear Market: 7 Signs and Why it's Tough to Do
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Abbott Laboratories Outlook is Healthy: Buy the Dip
Stock market today: World shares are mixed after a tech-led retreat on Wall Street
Closing prices for crude oil, gold and other commodities
Prologis Stock Leading U.S. Logistics Boom
Predicting a Bear Market: 7 Signs and Why it's Tough to Do
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
NYSE:ESS

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

$232.65
-0.05 (-0.02%)
(As of 04/17/2024 ET)
Today's Range
$231.49
$234.93
50-Day Range
$225.59
$249.59
52-Week Range
$203.85
$252.85
Volume
342,553 shs
Average Volume
292,724 shs
Market Capitalization
$14.94 billion
P/E Ratio
36.87
Dividend Yield
4.21%
Price Target
$245.37

Essex Property Trust MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
5.5% Upside
$245.37 Price Target
Short Interest
Healthy
2.32% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.90
Upright™ Environmental Score
News Sentiment
0.92mentions of Essex Property Trust in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.11%
From $15.11 to $15.58 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.36 out of 5 stars

Finance Sector

217th out of 825 stocks

Real Estate Investment Trusts Industry

33rd out of 176 stocks

ESS stock logo

About Essex Property Trust Stock (NYSE:ESS)

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 Stock Price History

ESS Stock News Headlines

Blackstone’s $10 Billion Bet on Property Prices Going Up (ESS)
Residential property prices could be on the rise soon, as Blackstone just made a $10 billion bet into the sector, and one other REIT could be next in line
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RBC Capital Keeps Their Buy Rating on Essex Property (ESS)
This company has increased its dividend every year for 54 years
There are three basic steps to building the Ultimate Dividend Portfolio. Step #1 is to Get The High Yields! So an index fund like the SPY, paying only 1.5% a year, isn’t going to cut it. But a company like Altria Group (MO) will.
Stifel Nicolaus Sticks to Their Hold Rating for Essex Property (ESS)
A Closer Look at 11 Analyst Recommendations For Essex Property Trust
See More Headlines
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Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 4/12 Dividend
3/27/2024
Dividend Payable
4/12/2024
Today
4/17/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Residential REITs
CUSIP
29717810
Employees
1,750
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$245.37
High Stock Price Target
$291.00
Low Stock Price Target
$204.00
Potential Upside/Downside
+5.5%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
18 Analysts

Profitability

Net Income
$405.83 million
Pretax Margin
25.80%

Debt

Sales & Book Value

Annual Sales
$1.67 billion
Cash Flow
$14.79 per share
Book Value
$87.15 per share

Miscellaneous

Free Float
61,702,000
Market Cap
$14.94 billion
Optionable
Optionable
Beta
0.80

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Key Executives


ESS Stock Analysis - Frequently Asked Questions

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

18 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, 9 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 target for 2024?

18 equities research analysts have issued 1-year price targets for Essex Property Trust's stock. Their ESS share price targets range from $204.00 to $291.00. On average, they expect the company's stock price to reach $245.37 in the next twelve months. This suggests a possible upside of 5.5% 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 2024?

Essex Property Trust's stock was trading at $247.94 at the beginning of 2024. Since then, ESS shares have decreased by 6.2% and is now trading at $232.65.
View the best growth stocks for 2024 here
.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,480,000 shares, an increase of 10.4% from the March 15th total of 1,340,000 shares. Based on an average trading volume of 405,600 shares, the days-to-cover ratio is presently 3.6 days. Currently, 2.3% of the company's shares 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 Tuesday, April 30th 2024.
View our ESS earnings forecast
.

How can I listen to Essex Property Trust's earnings call?

Essex Property Trust will be holding an earnings conference call on Wednesday, May 1st at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 844-512-2921 with passcode "13745754".

How were Essex Property Trust's earnings last quarter?

Essex Property Trust, Inc. (NYSE:ESS) posted 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 trailing twelve-month return on equity of 7.10% and a net margin of 24.31%. During the same quarter last 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, February 22nd. Investors of record on Friday, March 29th will be paid a dividend of $2.45 per share on Friday, April 12th. This represents a $9.80 annualized dividend and a yield of 4.21%. The ex-dividend date is Wednesday, March 27th. This is a positive change from the stock's previous quarterly dividend of $2.31.
Read our dividend analysis for ESS
.

Is Essex Property Trust a good dividend stock?

Essex Property Trust (NYSE:ESS) pays an annual dividend of $9.80 per share and currently has a dividend yield of 4.10%. 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 155.31%. 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 62.90% 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 first quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share guidance of 3.680-3.800 for the period, compared to the consensus EPS estimate of 3.750. The company issued revenue guidance of -.

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).

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 shareholders include Hazelview Securities Inc. (0.09%), Vert Asset Management LLC (0.04%), Pensionfund DSM Netherlands (0.02%), Czech National Bank (0.02%), Kingswood Wealth Advisors LLC (0.02%) and Aurora Investment Managers LLC. (0.02%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ESS) was last updated on 4/18/2024 by MarketBeat.com Staff

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