Most-Upgraded StocksMost-UpgradedNYSE:ESS Essex Property Trust (ESS) Stock Price, News & Analysis $286.74 +4.02 (+1.42%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$282.78▼$287.5050-Day Range$252.91▼$291.0552-Week Range$203.85▼$292.37Volume234,415 shsAverage Volume371,051 shsMarket Capitalization$18.41 billionP/E Ratio35.05Dividend Yield3.42%Price Target$262.15 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Essex Property Trust alerts: Email Address Essex Property Trust MarketRank™ Stock AnalysisAnalyst RatingHold2.25 Rating ScoreUpside/Downside8.6% Downside$262.15 Price TargetShort InterestHealthy1.25% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.72Upright™ Environmental ScoreNews Sentiment1.12Based on 12 Articles This WeekInsider TradingSelling Shares$3.80 M Sold Last QuarterProj. Earnings Growth2.08%From $15.41 to $15.73 Per ShareSee Full Details Hide Full Details 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.4.74 out of 5 starsFinance Sector67th out of 898 stocksReal Estate Investment Trusts Industry5th out of 181 stocks 2.1 Analyst's Opinion Consensus RatingEssex Property Trust has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 7 buy ratings, 11 hold ratings, and 2 sell ratings.Amount of Analyst CoverageEssex Property Trust has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Essex Property Trust's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.25% 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 2.3, 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 22.17%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend YieldEssex Property Trust pays a meaningful dividend of 3.43%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEssex Property Trust has been increasing its dividend for 30 years.Dividend CoverageThe dividend payout ratio of Essex Property Trust is 119.80%. 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 62.30% next year. This indicates that Essex Property Trust will be able to sustain or increase its dividend.Read more about Essex Property Trust's dividend. Previous Next 2.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEssex Property Trust has received a 16.71% 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 -2.72. Previous Next 4.0 News and Social Media Coverage News SentimentEssex Property Trust has a news sentiment score of 1.12. 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 0.50 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Essex Property Trust this week, compared to 7 articles on an average week.Search Interest4 people have searched for ESS on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.MarketBeat Follows4 people have added Essex Property Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Essex Property Trust insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,797,561.00 in company stock.Percentage Held by InsidersOnly 3.80% of the stock of Essex Property Trust is held by insiders.Percentage Held by Institutions96.51% 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.Read more about Essex Property Trust's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Essex Property Trust are expected to grow by 2.08% in the coming year, from $15.41 to $15.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Essex Property Trust is 35.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.27.Price to Earnings Ratio vs. SectorThe P/E ratio of Essex Property Trust is 35.05, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.32.Price to Earnings Growth RatioEssex Property Trust has a PEG Ratio of 4.00. 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 3.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Essex Property Trust's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Unstoppable Prosperity“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.You can find out what they are by clicking here now. 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.Read More ESS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ESS Stock News HeadlinesJuly 24 at 4:30 PM | nz.news.yahoo.comPatient scales roof of hospital buildingJuly 24 at 4:30 PM | seekingalpha.comBecome A Multifamily MillionaireJuly 27, 2024 | Crypto Swap Profits (Ad)625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.July 19, 2024 | markets.businessinsider.comEssex Property (ESS) Gets a Hold from UBSJuly 19, 2024 | marketwatch.comEssex Property Trust Inc. stock underperforms Thursday when compared to competitors despite daily gainsJuly 19, 2024 | americanbankingnews.comUBS Group Raises Essex Property Trust (NYSE:ESS) Price Target to $283.00July 3, 2024 | businesswire.comEssex Announces Release and Conference Call Dates for Its Second Quarter 2024 EarningsJune 25, 2024 | insidermonkey.comIs Essex Property Trust, Inc. (ESS) the Top Residential Real Estate Stock to Buy?July 27, 2024 | Crypto Swap Profits (Ad)625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.June 12, 2024 | seekingalpha.comEssex Property Trust: The Buying Window Has Now ClosedJune 4, 2024 | investorplace.comThe Dividend Dignitaries: 3 Stocks That Will Lend an Air of Authority to Your PortfolioMay 28, 2024 | msn.comFormer Derby nightclub building named among UK's top 10 endangered buildingsMay 28, 2024 | bizjournals.comMountain View apartment complex sells for north of $100 millionMay 27, 2024 | msn.comSimon Harmer leads Essex victory charge against Kent at CanterburyMay 16, 2024 | seekingalpha.comEssex Property Trust: 3 Reasons Why The Stock May Be OvervaluedMay 15, 2024 | msn.comEssex Property Trust declares $2.45 dividendMay 15, 2024 | businesswire.comEssex Property Trust Declares Quarterly DistributionsMay 9, 2024 | seekingalpha.comThe Retiree's Dividend Portfolio - Jane's March 2024 Income UpdateSee 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 Company Calendar Last Earnings4/26/2022Ex-Dividend for 7/24 Dividend6/28/2024Dividend Payable7/24/2024Today7/26/2024Next Earnings (Confirmed)7/30/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryResidential REITs Current SymbolNYSE:ESS CUSIP29717810 CIK920522 Webwww.essexapartmenthomes.com Phone(650) 655-7800Fax650-494-8743Employees1,750Year FoundedN/APrice Target and Rating Average Stock Price Target$262.15 High Stock Price Target$315.00 Low Stock Price Target$225.00 Potential Upside/Downside-8.6%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage20 Analysts Profitability EPS (Most Recent Fiscal Year)$8.18 Trailing P/E Ratio35.05 Forward P/E Ratio18.61 P/E Growth4Net Income$405.83 million Net Margins31.18% Pretax Margin32.92% Return on Equity9.22% Return on Assets4.20% Debt Debt-to-Equity Ratio1.14 Current Ratio3.19 Quick Ratio3.19 Sales & Book Value Annual Sales$1.67 billion Price / Sales11.03 Cash Flow$15.01 per share Price / Cash Flow19.10 Book Value$87.15 per share Price / Book3.29Miscellaneous Outstanding Shares64,210,000Free Float61,769,000Market Cap$18.41 billion OptionableOptionable Beta0.86 Social Links 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMs. Angela L. Kleiman (Age 53)President, CEO & Director Comp: $3.08MMs. Barbara M. Pak CFA (Age 46)Executive VP & CFO Comp: $1.68MMs. Anne M. Morrison (Age 42)Executive VP, Chief Administrative Officer, General Counsel & Secretary Comp: $1.29MMr. Rylan K. Burns (Age 39)Executive VP & Chief Investment Officer Mr. John Farias (Age 55)Senior VP & Chief Accounting Officer Sudarshana RangacharySenior Vice President of Human ResourcesDmitry TaraschanskySenior Vice President of TransactionsJessica AndersonSenior Vice President of OperationsMr. Paul Burton MorganSenior Vice President of Portfolio Strategy & AnalyticsAngela KralovecSenior Vice President of Investment ManagementMore ExecutivesKey CompetitorsAvalonBay CommunitiesNYSE:AVBEquity ResidentialNYSE:EQRMid-America Apartment CommunitiesNYSE:MAASun CommunitiesNYSE:SUIUDRNYSE:UDRView All CompetitorsInsiders & InstitutionsAllspring Global Investments Holdings LLCSold 656 shares on 7/26/2024Ownership: 0.005%Bailard Inc.Sold 50 shares on 7/26/2024Ownership: 0.004%SlateStone Wealth LLCBought 84 shares on 7/26/2024Ownership: 0.004%Checchi Capital Advisers LLCBought 79 shares on 7/26/2024Ownership: 0.002%AlphaStar Capital Management LLCBought 1,038 shares on 7/26/2024Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions ESS Stock Analysis - Frequently Asked Questions How have ESS shares performed this year? Essex Property Trust's stock was trading at $247.94 at the beginning of the year. Since then, ESS shares have increased by 15.6% and is now trading at $286.74. View the best growth stocks for 2024 here. 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 (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 9.22% and a net margin of 31.18%. Read the conference call transcript. 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. Who are Essex Property Trust's major shareholders? Top institutional investors of Essex Property Trust include Bank of New York Mellon Corp (0.83%), Sumitomo Mitsui Trust Holdings Inc. (0.35%), New York State Teachers Retirement System (0.09%) and Retirement Systems of Alabama (0.08%). Insiders that own company stock include Keith R Guericke, Angela L Kleiman, Amal M Johnson, Byron A Scordelis, John Farias, Michael J Schall, Adam W Berry, Thomas E Robinson and Barbara Pak. 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. What other stocks do shareholders of Essex Property Trust own? Based on aggregate information from My MarketBeat watchlists, some other companies that Essex Property Trust investors own include AT&T (T), Intel (INTC), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Realty Income (O), AbbVie (ABBV) and Simon Property Group (SPG). This page (NYSE:ESS) was last updated on 7/27/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredGet out of cash before the Fed's next meeting"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all...Stansberry Research | SponsoredNext opportunity for crypto millionsThe Bitcoin halving is the #1 creator of "crypto millionaires". 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