NYSE:ESS Essex Property Trust (ESS) Stock Forecast, Price & News $228.55 +9.38 (+4.28%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$222.00▼$229.1050-Day Range$200.26▼$220.6652-Week Range$195.03▼$300.33Volume812,821 shsAverage Volume475,765 shsMarket Capitalization$14.67 billionP/E Ratio30.31Dividend Yield4.04%Price Target$245.09 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Essex Property Trust MarketRank™ ForecastAnalyst RatingHold2.14 Rating ScoreUpside/Downside7.2% Upside$245.09 Price TargetShort InterestHealthy1.58% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.18Upright™ Environmental ScoreNews Sentiment0.94Based on 9 Articles This WeekInsider TradingN/AProj. Earnings Growth2.90%From $14.84 to $15.27 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.2.60 out of 5 starsFinance Sector347th out of 874 stocksReal Estate Investment Trusts Industry53rd out of 191 stocks 2.1 Analyst's Opinion Consensus RatingEssex Property Trust has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 8 buy ratings, 9 hold ratings, and 5 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $245.09, Essex Property Trust has a forecasted upside of 7.2% from its current price of $228.55.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 4.0 Short Interest Percentage of Shares Shorted1.58% 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 2.4, 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 4.72%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend LeadershipEssex Property Trust is a leading dividend payer. It pays a dividend yield of 4.28%, 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 122.55%. 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 60.51% next year. This indicates that Essex Property Trust will be able to sustain or increase its dividend. Previous Next 2.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEssex Property Trust has received a 8.73% net impact score from Upright. Essex Property seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category 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 -3.18. Previous Next 3.9 News and Social Media Coverage News SentimentEssex Property Trust has a news sentiment score of 0.94. 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 0.62 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Essex Property Trust this week, compared to 5 articles on an average week.Search Interest8 people have searched for ESS on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.MarketBeat Follows6 people have added Essex Property Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 20% 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 Institutions91.76% 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 2.90% in the coming year, from $14.84 to $15.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Essex Property Trust is 30.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.04.Price to Earnings Ratio vs. SectorThe P/E ratio of Essex Property Trust is 30.31, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 158.43.Price to Earnings Growth RatioEssex Property Trust has a PEG Ratio of 2.26. 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 2.53. 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. operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.Read More 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 Stock News HeadlinesMay 5, 2023 | marketbeat.comRealty Income Trades At Decade Low Valuations, Worth The Yield? (ESS)Realty Income is trading at decade low valuations, with management increasing investment budgets at these cap rates investors may see new highs in the stockMay 4, 2023 | marketbeat.comSimon Property Group Could Be a High Yield Savings Account (ESS)Simon Property Group is giving investors the best of both worlds, as its market value seems undervalued while the stock pays one of its highest dividend yieldsJune 2, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.June 2, 2023 | americanbankingnews.comEssex Property Trust, Inc. (NYSE:ESS) Receives $242.57 Consensus Target Price from AnalystsJune 1, 2023 | msn.comBarclays Maintains Essex Property Trust (ESS) Underweight RecommendationMay 31, 2023 | markets.businessinsider.comBarclays Remains a Sell on Essex Property (ESS)May 31, 2023 | americanbankingnews.comEssex Property Trust (NYSE:ESS) Price Target Lowered to $224.00 at BarclaysMay 26, 2023 | msn.comMorgan Stanley Maintains Essex Property Trust (ESS) Equal-Weight RecommendationJune 2, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.May 26, 2023 | seekingalpha.comAvalonBay Vs. Essex Property: What's The Best REIT To Buy Today?May 22, 2023 | americanbankingnews.comEssex Property Trust (NYSE:ESS) PT Lowered to $221.00 at MizuhoMay 19, 2023 | msn.comMizuho Maintains Essex Property Trust (ESS) Neutral RecommendationMay 18, 2023 | finance.yahoo.comAnalyst Downgrades 4 REITs In One Morning: Is Your Stock One Of Them?May 18, 2023 | americanbankingnews.comEssex Property Trust (NYSE:ESS) Receives New Coverage from Analysts at StockNews.comMay 16, 2023 | msn.comEssex Property Trust (ESS) Declares $2.31 DividendMay 15, 2023 | msn.comWolfe Research Downgrades Essex Property Trust (ESS)May 15, 2023 | americanbankingnews.comEssex Property Trust (NYSE:ESS) Lowered to "Underperform" at Wolfe ResearchMay 14, 2023 | americanbankingnews.comHead to Head Survey: Essex Property Trust (NYSE:ESS) vs. ACRES Commercial Realty (NYSE:ACR)May 13, 2023 | msn.comEssex Property Trust declares $2.31 dividendMay 13, 2023 | msn.comEssex Property Trust: Things Are Just As Good As I ExpectedMay 12, 2023 | seekingalpha.comEssex Property Trust: Things Are Just As Good As I ExpectedMay 12, 2023 | msn.comThe Beauty Of REIT Dividend AristocratsMay 11, 2023 | technews.tmcnet.comFunnel's Renter Management Software Platform Is Changing the Way Property Management Companies Operate and Interact With RentersMay 9, 2023 | marketwatch.comEssex Property Trust Inc. stock underperforms Tuesday when compared to competitorsMay 8, 2023 | marketwatch.comEssex Property Trust Inc. stock underperforms Monday when compared to competitorsMay 8, 2023 | americanbankingnews.comEssex Property Trust, Inc. (NYSE:ESS) Receives $245.75 Consensus Target Price from BrokeragesMay 5, 2023 | finance.yahoo.comEssex Property Trust Publishes 2022 ESG Report and Establishes New Set of GoalsSee More Headlines ESS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ESS Company Calendar Last Earnings4/26/2022Ex-Dividend for 4/14 Dividend3/30/2023Dividend Payable4/14/2023Today6/02/2023Ex-Dividend for 7/14 Dividend6/29/2023Dividend Payable7/14/2023Next Earnings (Estimated)7/25/2023Fiscal 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$245.09 High Stock Price Forecast$300.00 Low Stock Price Forecast$200.00 Forecasted Upside/Downside+7.2%Consensus RatingHold Rating Score (0-4)2.14 Research Coverage22 Analysts Profitability EPS (Most Recent Fiscal Year)$7.54 Trailing P/E Ratio30.31 Forward P/E Ratio15.40 P/E Growth2.26Net Income$408.32 million Net Margins29.84% Pretax Margin31.53% Return on Equity8.29% Return on Assets3.92% Debt Debt-to-Equity Ratio1.02 Current Ratio0.95 Quick Ratio0.95 Sales & Book Value Annual Sales$1.61 billion Price / Sales9.13 Cash Flow$15.59 per share Price / Cash Flow14.66 Book Value$90.32 per share Price / Book2.53Miscellaneous Outstanding Shares64,180,000Free Float61,743,000Market Cap$14.67 billion OptionableOptionable Beta0.75 Social Links Key ExecutivesAngela L. KleimanPresident, CEO, COO, Director & Senior EVPBarb M. PakChief Financial Officer & Executive Vice PresidentAnne MorrisonSecretary, Chief Compliance Officer & Senior VPAdam W. BerryChief Investment Officer & Executive VPJohn T. FariasChief Accounting Officer & Senior Vice PresidentKey CompetitorsUDRNYSE:UDREquity LifeStyle PropertiesNYSE:ELSSun CommunitiesNYSE:SUICamden Property TrustNYSE:CPTMid-America Apartment CommunitiesNYSE:MAAView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Sold 71,516 shares on 6/1/2023Ownership: 0.330%Ontario Teachers Pension Plan BoardSold 5,603 shares on 6/1/2023Ownership: 0.029%Golden State Equity PartnersBought 2,355 shares on 6/1/2023Ownership: 0.004%ProShare Advisors LLCBought 60,479 shares on 5/26/2023Ownership: 1.240%Toroso Investments LLCSold 9,295 shares on 5/23/2023Ownership: 0.004%View All Insider TransactionsView All Institutional Transactions ESS Stock - Frequently Asked Questions Should I buy or sell Essex Property Trust stock right now? 22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 5 sell ratings, 9 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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? 22 brokers have issued twelve-month price objectives for Essex Property Trust's stock. Their ESS share price forecasts range from $200.00 to $300.00. On average, they predict the company's share price to reach $245.09 in the next year. This suggests a possible upside of 7.2% 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 7.8% and is now trading at $228.55. View the best growth stocks for 2023 here. When is Essex Property Trust's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023. View our ESS earnings forecast. How were Essex Property Trust's earnings last quarter? Essex Property Trust, Inc. (NYSE:ESS) announced its quarterly earnings data on Tuesday, April, 26th. The real estate investment trust reported $1.12 earnings per share 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 8.29% and a net margin of 29.84%. During the same period in the prior year, the company posted $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 declared a quarterly dividend on Friday, May 12th. Shareholders of record on Friday, June 30th will be given a dividend of $2.31 per share on Friday, July 14th. This represents a $9.24 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Thursday, June 29th. 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), Residential REIT Income ETF (HAUS), Nuveen Short-Term REIT ETF (NURE), iShares Residential and Multisector Real Estate ETF (REZ), Invesco S&P 500 Equal Weight Real Estate ETF (EWRE), U.S. Diversified Real Estate ETF (PPTY), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD) and First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF). 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 4.28%. 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 122.55%. 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 60.51% 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 second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $3.63-$3.75 for the period. 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). 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 retail and institutional investors. Top institutional shareholders include State Street Corp (10.46%), BlackRock Inc. (10.04%), Principal Financial Group Inc. (4.52%), FMR LLC (4.00%), Geode Capital Management LLC (2.30%) and Price T Rowe Associates Inc. MD (1.77%). 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 $228.55. How much money does Essex Property Trust make? Essex Property Trust (NYSE:ESS) has a market capitalization of $14.67 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 $7.54 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 6/2/2023 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. Adding Essex Property Trust, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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