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NYSE:ESS - Essex Property Trust Stock Price, Forecast & News

$300.51
+0.21 (+0.07 %)
(As of 12/16/2019 02:33 AM ET)
Today's Range
$296.83
Now: $300.51
$302.30
50-Day Range
$300.38
MA: $315.49
$327.52
52-Week Range
$235.51
Now: $300.51
$334.17
Volume412,498 shs
Average Volume397,817 shs
Market Capitalization$19.86 billion
P/E Ratio23.91
Dividend Yield2.60%
Beta0.28
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 245 apartment communities with an additional 6 properties in various stages of active development.

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryResidential REITs
SectorFinance
CUSIP29717810
Phone650-655-7800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.40 billion
Cash Flow$12.87 per share
Book Value$96.78 per share

Profitability

Net Income$390.15 million

Miscellaneous

Employees1,826
Market Cap$19.86 billion
Next Earnings Date1/29/2020 (Estimated)
OptionableOptionable

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Essex Property Trust (NYSE:ESS) Frequently Asked Questions

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 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, September 6th. Investors of record on Monday, September 30th will be paid a dividend of $1.95 per share on Tuesday, October 15th. This represents a $7.80 annualized dividend and a yield of 2.60%. The ex-dividend date is Friday, September 27th. View Essex Property Trust's Dividend History.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust Inc (NYSE:ESS) issued its earnings results on Wednesday, October, 23rd. The real estate investment trust reported $1.53 earnings per share for the quarter, missing the Zacks' consensus estimate of $3.36 by $1.83. The real estate investment trust earned $366.93 million during the quarter, compared to analyst estimates of $365.49 million. Essex Property Trust had a return on equity of 6.73% and a net margin of 29.78%. During the same period in the prior year, the company earned $3.15 earnings per share. View Essex Property Trust's Earnings History.

When is Essex Property Trust's next earnings date?

Essex Property Trust is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Essex Property Trust.

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

Essex Property Trust updated its FY19 earnings guidance on Wednesday, October, 23rd. The company provided EPS guidance of $13.28-13.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $13.34.

What price target have analysts set for ESS?

15 brokers have issued 12 month price objectives for Essex Property Trust's shares. Their forecasts range from $255.60 to $355.00. On average, they anticipate Essex Property Trust's share price to reach $326.89 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price. View Analyst Price Targets for Essex Property Trust.

What is the consensus analysts' recommendation for Essex Property Trust?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 7 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Essex Property Trust.

Has Essex Property Trust been receiving favorable news coverage?

News coverage about ESS stock has trended somewhat negative on Monday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Essex Property Trust earned a daily sentiment score of -1.6 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Essex Property Trust.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,250,000 shares, an increase of 8.7% from the October 31st total of 1,150,000 shares. Based on an average trading volume of 318,800 shares, the days-to-cover ratio is presently 3.9 days. Currently, 1.9% of the shares of the stock are sold short. View Essex Property Trust's Current Options Chain.

Who are some of Essex Property Trust's key competitors?

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 Cisco Systems (CSCO), AT&T (T), Boeing (BA), Walt Disney (DIS), Mastercard (MA), Mcdonald's (MCD), Activision Blizzard (ATVI), Intel (INTC), Simon Property Group (SPG) and Visa (V).

Who are Essex Property Trust's key executives?

Essex Property Trust's management team includes the folowing people:
  • Mr. Michael J. Schall CPA, Pres, CEO & Director (Age 62)
  • Ms. Angela L. Kleiman, Exec. VP & CFO (Age 48)
  • Mr. John D. Eudy, Exec. VP of Devel. & Co-Chief Investment Officer (Age 64)
  • Mr. Craig K. Zimmerman, Exec. VP of Acquisitions & Co-Chief Investment Officer (Age 68)
  • Mr. John F. Burkart, Sr. EVP of Asset Management (Age 55)

Who are Essex Property Trust's major shareholders?

Essex Property Trust's stock is owned by many different of retail and institutional investors. Top institutional investors include State Street Corp (8.31%), Daiwa Securities Group Inc. (2.60%), Boston Partners (0.85%), California Public Employees Retirement System (0.84%), Resolution Capital Ltd (0.76%) and Russell Investments Group Ltd. (0.59%). Company insiders that own Essex Property Trust stock include Adam W Berry, Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, Gary P Martin, Glenn Olnick, Janice L Sears, John D Eudy, John F Burkart, John Farias and Michael J Schall. View Institutional Ownership Trends for Essex Property Trust.

Which institutional investors are selling Essex Property Trust stock?

ESS stock was sold by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., Chilton Capital Management LLC, Barclays PLC, Duff & Phelps Investment Management Co., Boston Partners, First Trust Advisors LP, State of Tennessee Treasury Department and Nippon Life Global Investors Americas Inc.. Company insiders that have sold Essex Property Trust company stock in the last year include Adam W Berry, Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, Janice L Sears, John D Eudy, John F Burkart, John Farias and Michael J Schall. View Insider Buying and Selling for Essex Property Trust.

Which institutional investors are buying Essex Property Trust stock?

ESS stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., California Public Employees Retirement System, State Street Corp, Millennium Management LLC, Resolution Capital Ltd, State of New Jersey Common Pension Fund D, Sumitomo Mitsui Trust Holdings Inc. and Railway Pension Investments Ltd. View Insider Buying and Selling for Essex Property Trust.

How do I buy shares of Essex Property Trust?

Shares of ESS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Essex Property Trust's stock price today?

One share of ESS stock can currently be purchased for approximately $300.51.

How big of a company is Essex Property Trust?

Essex Property Trust has a market capitalization of $19.86 billion and generates $1.40 billion in revenue each year. The real estate investment trust earns $390.15 million in net income (profit) each year or $12.57 on an earnings per share basis. Essex Property Trust employs 1,826 workers across the globe.View Additional Information About Essex Property Trust.

What is Essex Property Trust's official website?

The official website for Essex Property Trust is http://www.essexapartmenthomes.com/.

How can I contact Essex Property Trust?

Essex Property Trust's mailing address is 1100 PARK PLACE SUITE 200, SAN MATEO CA, 94403. The real estate investment trust can be reached via phone at 650-655-7800 or via email at [email protected]


MarketBeat Community Rating for Essex Property Trust (NYSE ESS)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  634 (Vote Outperform)
Underperform Votes:  757 (Vote Underperform)
Total Votes:  1,391
MarketBeat's community ratings are surveys of what our community members think about Essex Property Trust and other stocks. Vote "Outperform" if you believe ESS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ESS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/16/2019 by MarketBeat.com Staff

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